Flossbach Von Storch SE Takes $54.76 Million Position in Trane Technologies plc $TT

Flossbach Von Storch SE purchased a new position in shares of Trane Technologies plc (NYSE:TT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 111,490 shares of the company’s stock, valued at approximately $54,759,000.

Other institutional investors have also added to or reduced their stakes in the company. Great Lakes Advisors LLC bought a new position in shares of Trane Technologies during the second quarter valued at approximately $5,827,000. Foster & Motley Inc. bought a new stake in shares of Trane Technologies during the second quarter worth $238,000. Commerzbank Aktiengesellschaft FI bought a new position in shares of Trane Technologies in the second quarter worth about $572,000. Trust Co. of Vermont bought a new stake in Trane Technologies during the 2nd quarter valued at about $187,000. Finally, Firetrail Investments PTY Ltd. purchased a new stake in Trane Technologies in the 2nd quarter valued at about $9,807,000. Institutional investors own 82.97% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on TT shares. Sanford C. Bernstein lifted their price target on shares of Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Wall Street Zen cut Trane Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. KeyCorp raised their price target on Trane Technologies from $525.00 to $555.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. increased their target price on shares of Trane Technologies from $460.00 to $476.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Finally, Citigroup lowered their price target on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $521.50.

Trane Technologies Stock Down 1.6%

Shares of TT stock opened at $456.11 on Thursday. The stock’s fifty day moving average price is $475.49 and its 200 day moving average price is $460.59. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76. Trane Technologies plc has a 1-year low of $348.06 and a 1-year high of $505.87. The company has a market cap of $100.35 billion, a price-to-earnings ratio of 34.55, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Thursday, July 30th. The company reported $4.31 EPS for the quarter, beating the consensus estimate of $4.27 by $0.04. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period last year, the firm posted $3.88 EPS. Trane Technologies’s revenue was up 10.6% on a year-over-year basis. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, research analysts expect that Trane Technologies plc will post 15.31 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

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

Insider Activity at Trane Technologies

In related news, CEO David S. Regnery sold 43,778 shares of Trane Technologies stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 96,950 shares in the company, valued at approximately $46,051,250. This trade represents a 31.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by insiders.

Trane Technologies Profile

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.