Trane Technologies plc $TT Stock Holdings Increased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. increased its position in Trane Technologies plc (NYSE:TT) by 225.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 52,153 shares of the company’s stock after buying an additional 36,137 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Trane Technologies were worth $23,572,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Amundi lifted its holdings in Trane Technologies by 47.8% during the first quarter. Amundi now owns 2,174,396 shares of the company’s stock valued at $906,158,000 after purchasing an additional 703,018 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Trane Technologies by 10.6% in the first quarter. Janus Henderson Group PLC now owns 1,878,018 shares of the company’s stock valued at $782,707,000 after acquiring an additional 180,537 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Trane Technologies by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,035,241 shares of the company’s stock worth $431,347,000 after acquiring an additional 32,286 shares during the period. Ninety One UK Ltd boosted its stake in shares of Trane Technologies by 0.4% in the third quarter. Ninety One UK Ltd now owns 926,668 shares of the company’s stock worth $418,835,000 after acquiring an additional 3,624 shares during the period. Finally, California Public Employees Retirement System boosted its stake in shares of Trane Technologies by 51.9% in the first quarter. California Public Employees Retirement System now owns 686,691 shares of the company’s stock worth $286,172,000 after acquiring an additional 234,666 shares during the period. Institutional investors own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group raised shares of Trane Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $548.00 to $565.00 in a report on Wednesday, October 14th. Wall Street Zen downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 30th. Robert W. Baird boosted their target price on shares of Trane Technologies from $515.00 to $532.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. started coverage on shares of Trane Technologies in a research report on Friday, October 9th. They set an “overweight” rating and a $550.00 target price for the company. Finally, Citigroup cut their target price on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Trane Technologies has an average rating of “Moderate Buy” and a consensus target price of $539.42.

Insider Activity

In related news, CEO David Regnery sold 48,091 shares of the firm’s stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $480.00, for a total value of $23,083,680.00. Following the completion of the transaction, the chief executive officer owned 96,951 shares in the company, valued at $46,536,480. This trade represents a 33.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.43% of the company’s stock.

Trane Technologies Trading Up 2.1%

NYSE:TT opened at $471.29 on Thursday. The firm has a market cap of $103.69 billion, a P/E ratio of 35.70, a P/E/G ratio of 2.15 and a beta of 1.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.76 and a current ratio of 1.07. The firm has a 50-day simple moving average of $453.61 and a 200-day simple moving average of $464.28. Trane Technologies plc has a one year low of $348.06 and a one year high of $505.87.

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. The firm had revenue of $6.35 billion during 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%. Trane Technologies’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm posted $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Equities analysts anticipate that Trane Technologies plc will post 15.32 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Friday, December 4th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 0.9%. Trane Technologies’s dividend payout ratio (DPR) is currently 31.82%.

Trane Technologies Profile

Trane Technologies plc is a global climate technology company that develops solutions for heating, ventilation, air conditioning, refrigeration and building management. Its products and services are designed to improve indoor comfort, energy efficiency and the sustainability of commercial, industrial, residential and institutional buildings.

The company operates through well-known brands including Trane, Thermo King and Frigoblock. Trane provides HVAC equipment, building controls, digital solutions, maintenance and energy services, while Thermo King and Frigoblock offer temperature-control systems for refrigerated transportation.