Notis McConarty Edward Makes New Investment in Trane Technologies plc $TT

Notis McConarty Edward acquired a new stake in Trane Technologies plc (NYSE:TT) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 2,200 shares of the company’s stock, valued at approximately $1,081,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc grew its holdings in shares of Trane Technologies by 12.2% during the first quarter. Bell Investment Advisors Inc now owns 203 shares of the company’s stock worth $85,000 after buying an additional 22 shares in the last quarter. Fiduciary Family Office LLC boosted its holdings in shares of Trane Technologies by 1.5% in the 4th quarter. Fiduciary Family Office LLC now owns 1,573 shares of the company’s stock valued at $612,000 after buying an additional 23 shares during the last quarter. Foster Dykema Cabot & Partners LLC boosted its holdings in shares of Trane Technologies by 10.6% in the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 239 shares of the company’s stock valued at $93,000 after buying an additional 23 shares during the last quarter. Bridges Investment Management Inc. grew its stake in shares of Trane Technologies by 1.6% in the fourth quarter. Bridges Investment Management Inc. now owns 1,542 shares of the company’s stock valued at $600,000 after buying an additional 24 shares in the last quarter. Finally, Cornerstone Planning Group LLC increased its holdings in Trane Technologies by 14.5% during the first quarter. Cornerstone Planning Group LLC now owns 190 shares of the company’s stock worth $79,000 after buying an additional 24 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Insider Activity

In other news, CEO David S. Regnery sold 43,778 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total value of $20,794,550.00. Following the transaction, the chief executive officer owned 96,950 shares of the company’s stock, valued at approximately $46,051,250. This represents a 31.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by corporate insiders.

Trane Technologies Trading Down 1.6%

TT stock opened at $456.11 on Thursday. Trane Technologies plc has a one year low of $348.06 and a one year high of $505.87. The stock 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. The company has a fifty day moving average price of $475.49 and a two-hundred day moving average price of $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 (NYSE:TT) last issued its quarterly earnings data on Thursday, July 30th. The company reported $4.31 earnings per share for the quarter, beating the consensus estimate of $4.27 by $0.04. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.20 billion. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The company’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.88 earnings per share. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Equities analysts anticipate that Trane Technologies plc will post 15.31 EPS for the current year.

Trane Technologies Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently commented on TT. Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a research report on Friday, July 17th. Sanford C. Bernstein upped their target price on shares of Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, August 14th. JPMorgan Chase & Co. raised their target price on shares of Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. KeyCorp boosted their price target on Trane Technologies from $525.00 to $555.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Wall Street Zen lowered Trane Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Trane Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $521.50.

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.