FineMark National Bank & Trust Has $23.17 Million Stock Holdings in Trane Technologies plc $TT

FineMark National Bank & Trust decreased its position in shares of Trane Technologies plc (NYSE:TT) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,972 shares of the company’s stock after selling 151 shares during the period. Trane Technologies makes up 0.8% of FineMark National Bank & Trust’s holdings, making the stock its 28th biggest position. FineMark National Bank & Trust’s holdings in Trane Technologies were worth $23,170,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Ethic Inc. boosted its stake in shares of Trane Technologies by 6.6% in the second quarter. Ethic Inc. now owns 26,836 shares of the company’s stock valued at $11,601,000 after buying an additional 1,672 shares during the period. Triton Financial Group Inc acquired a new position in Trane Technologies in the 2nd quarter valued at $1,273,000. OMNI 360 Wealth Inc. acquired a new position in Trane Technologies in the 2nd quarter valued at $345,000. Jones Financial Companies Lllp lifted its position in shares of Trane Technologies by 350.3% during the 1st quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company’s stock valued at $7,140,000 after acquiring an additional 16,485 shares during the period. Finally, Illinois Municipal Retirement Fund grew its holdings in shares of Trane Technologies by 2.7% during the 2nd quarter. Illinois Municipal Retirement Fund now owns 28,083 shares of the company’s stock worth $12,284,000 after purchasing an additional 726 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Price Performance

TT stock opened at $407.26 on Wednesday. The stock has a market cap of $90.30 billion, a price-to-earnings ratio of 32.30, a P/E/G ratio of 2.66 and a beta of 1.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. The company has a 50 day simple moving average of $419.74 and a 200 day simple moving average of $425.79. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18.

Trane Technologies (NYSE:TT) last posted its earnings results on Thursday, October 30th. The company reported $3.88 earnings per share for the quarter, topping analysts’ consensus estimates of $3.80 by $0.08. The firm had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.80 billion. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.37 earnings per share. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. Research analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, December 5th. Trane Technologies’s dividend payout ratio is presently 28.92%.

Insider Activity

In other news, CEO David S. Regnery sold 22,497 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total value of $9,223,770.00. Following the completion of the transaction, the chief executive officer owned 123,713 shares of the company’s stock, valued at $50,722,330. This represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Elizabeth A. Elwell sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $440.00, for a total transaction of $264,000.00. Following the completion of the transaction, the chief accounting officer owned 7,148 shares of the company’s stock, valued at approximately $3,145,120. This trade represents a 7.74% decrease in their position. The SEC filing for this sale provides additional information. 0.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on TT shares. Barclays boosted their price target on Trane Technologies from $485.00 to $495.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Hsbc Global Res cut shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. HSBC lowered shares of Trane Technologies from a “buy” rating to a “hold” rating and increased their price target for the stock from $415.00 to $460.00 in a research report on Thursday, July 31st. Weiss Ratings restated a “buy (b)” rating on shares of Trane Technologies in a research report on Wednesday, October 8th. Finally, UBS Group raised their target price on Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Seven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $472.07.

Trane Technologies Company Profile

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.