Great Lakes Advisors LLC Takes Position in Trane Technologies plc $TT

Great Lakes Advisors LLC purchased a new stake in shares of Trane Technologies plc (NYSE:TT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 11,864 shares of the company’s stock, valued at approximately $5,827,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC grew its holdings in Trane Technologies by 60.0% in the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock valued at $2,288,000 after buying an additional 2,323 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Trane Technologies by 22.4% during the second quarter. Sivia Capital Partners LLC now owns 1,665 shares of the company’s stock worth $728,000 after buying an additional 305 shares during the last quarter. Schnieders Capital Management LLC. bought a new stake in shares of Trane Technologies in the second quarter valued at approximately $227,000. Nebula Research & Development LLC boosted its position in shares of Trane Technologies by 178.0% in the second quarter. Nebula Research & Development LLC now owns 2,371 shares of the company’s stock valued at $1,037,000 after acquiring an additional 1,518 shares during the period. Finally, Treasurer of the State of North Carolina grew its stake in shares of Trane Technologies by 0.5% in the second quarter. Treasurer of the State of North Carolina now owns 104,140 shares of the company’s stock worth $45,552,000 after acquiring an additional 497 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Trane Technologies

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TT. Barclays boosted their target price 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. Citigroup decreased their price target on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Sanford C. Bernstein boosted their price objective on shares of Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. KeyCorp upped their price objective on shares of Trane Technologies from $525.00 to $555.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Royal Bank Of Canada decreased their target price on Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st. One research 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 assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $521.50.

Trane Technologies Stock Performance

Shares of NYSE TT opened at $456.11 on Thursday. The firm has a market capitalization of $100.35 billion, a price-to-earnings ratio of 34.55, a PEG ratio of 2.03 and a beta of 1.19. Trane Technologies plc has a one year low of $348.06 and a one year high of $505.87. The business has a fifty day simple moving average of $475.49 and a 200 day simple moving average of $460.59. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.45.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Thursday, July 30th. The company reported $4.31 earnings per share for the quarter, topping analysts’ consensus estimates of $4.27 by $0.04. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.20 billion. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.88 earnings per share. 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 year.

Trane Technologies Announces Dividend

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

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.