Councilmark Asset Management LLC Purchases New Stake in Trane Technologies plc $TT

Councilmark Asset Management LLC acquired 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 (SEC). The fund acquired 1,150 shares of the company’s stock, valued at approximately $565,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bell Investment Advisors Inc boosted its holdings in shares of Trane Technologies by 12.2% during the 1st quarter. Bell Investment Advisors Inc now owns 203 shares of the company’s stock worth $85,000 after buying an additional 22 shares during the period. Fiduciary Family Office LLC boosted its holdings in shares of Trane Technologies by 1.5% during the fourth quarter. Fiduciary Family Office LLC now owns 1,573 shares of the company’s stock worth $612,000 after acquiring an additional 23 shares during the period. Foster Dykema Cabot & Partners LLC grew its position in shares of Trane Technologies by 10.6% in the fourth quarter. Foster Dykema Cabot & Partners LLC now owns 239 shares of the company’s stock valued at $93,000 after purchasing an additional 23 shares during the last quarter. Bridges Investment Management Inc. increased its stake in shares of Trane Technologies by 1.6% during the fourth quarter. Bridges Investment Management Inc. now owns 1,542 shares of the company’s stock worth $600,000 after purchasing an additional 24 shares during the period. Finally, Cornerstone Planning Group LLC lifted its holdings in Trane Technologies by 14.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 190 shares of the company’s stock worth $79,000 after purchasing an additional 24 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TT. Sanford C. Bernstein upped their price objective on 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. boosted their target price on shares of Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Wall Street Zen upgraded shares of Trane Technologies from a “hold” rating to a “buy” rating in a research note on Saturday. Barclays raised their price target on shares of Trane Technologies from $507.00 to $585.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, KeyCorp boosted their price objective on shares of Trane Technologies from $525.00 to $555.00 and gave the company an “overweight” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Trane Technologies has an average rating of “Moderate Buy” and a consensus target price of $521.50.

Trane Technologies Stock Performance

TT opened at $455.32 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.76 and a current ratio of 1.07. Trane Technologies plc has a 52-week low of $348.06 and a 52-week high of $505.87. The firm has a market cap of $100.18 billion, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 1.99 and a beta of 1.19. The business’s fifty day moving average is $474.41 and its 200-day moving average is $461.24.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, July 30th. The company reported $4.31 earnings per share for the quarter, topping 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 business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter in the prior year, the business posted $3.88 earnings per share. Trane Technologies’s revenue was up 10.6% compared to the same quarter last year. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Sell-side analysts expect that Trane Technologies plc will post 15.31 EPS for the current fiscal year.

Trane Technologies Announces Dividend

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

Insider Buying and Selling

In other Trane Technologies news, CEO David S. Regnery sold 43,778 shares of the company’s stock in a transaction 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 sale, the chief executive officer directly owned 96,950 shares in the company, valued at $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 is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by corporate insiders.

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.