Czech National Bank Grows Holdings in Trane Technologies plc $TT

Czech National Bank raised its position in Trane Technologies plc (NYSE:TT) by 4.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 62,921 shares of the company’s stock after purchasing an additional 2,642 shares during the period. Czech National Bank’s holdings in Trane Technologies were worth $30,904,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Apella Capital LLC boosted its stake in shares of Trane Technologies by 5.8% in the 2nd quarter. Apella Capital LLC now owns 3,439 shares of the company’s stock worth $1,636,000 after buying an additional 190 shares during the last quarter. 55 North Private Wealth LLC purchased a new stake in shares of Trane Technologies during the second quarter valued at approximately $213,000. Clark Asset Management LLC lifted its holdings in Trane Technologies by 1.2% during the second quarter. Clark Asset Management LLC now owns 2,623 shares of the company’s stock worth $1,288,000 after acquiring an additional 30 shares during the period. Foster Group Inc. boosted its position in Trane Technologies by 2.2% in the second quarter. Foster Group Inc. now owns 2,995 shares of the company’s stock worth $1,471,000 after purchasing an additional 65 shares during the last quarter. Finally, Mechanics Bank Trust Department boosted its position in Trane Technologies by 18.0% in the second quarter. Mechanics Bank Trust Department now owns 991 shares of the company’s stock worth $487,000 after purchasing an additional 151 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Trading Down 0.9%

NYSE:TT opened at $479.28 on Friday. The company has a market cap of $105.45 billion, a P/E ratio of 36.31, a P/E/G ratio of 2.13 and a beta of 1.19. Trane Technologies plc has a 1 year low of $348.06 and a 1 year high of $505.87. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76. The stock’s fifty day moving average price is $472.46 and its two-hundred day moving average price is $455.51.

Trane Technologies (NYSE:TT) last issued its earnings results on Thursday, July 30th. The company reported $4.31 EPS for the quarter, topping the consensus estimate of $4.27 by $0.04. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.20 billion. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.The firm’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. As a group, analysts expect that Trane Technologies plc will post 15.27 EPS for the current year.

Trane Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.20 annualized dividend and a dividend yield of 0.9%. Trane Technologies’s dividend payout ratio (DPR) is presently 31.82%.

Insider Activity

In other news, CEO David S. Regnery sold 43,778 shares of Trane Technologies stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total transaction of $20,794,550.00. Following the completion of the sale, the chief executive officer owned 96,950 shares in the company, valued at approximately $46,051,250. This trade represents a 31.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

TT has been the topic of a number of recent analyst reports. BNP Paribas Exane assumed coverage on Trane Technologies in a research note on Tuesday, April 14th. They set an “outperform” rating and a $550.00 target price on the stock. Royal Bank Of Canada decreased their price objective on shares of Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating for the company in a report on Friday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Trane Technologies in a research report on Friday, July 17th. KeyCorp boosted their target price on shares of Trane Technologies from $525.00 to $555.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Barclays increased their target price on shares of Trane Technologies from $507.00 to $585.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $520.07.

About Trane Technologies

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.