Commerzbank Aktiengesellschaft FI Takes $572,000 Position in Trane Technologies plc $TT

Commerzbank Aktiengesellschaft FI purchased a new position in shares of Trane Technologies plc (NYSE:TT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,164 shares of the company’s stock, valued at approximately $572,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Tucker Asset Management LLC purchased a new stake in Trane Technologies during the 4th quarter valued at approximately $25,000. Wilkerson Advisory Group LLC increased its holdings in shares of Trane Technologies by 136.0% in the first quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock valued at $25,000 after purchasing an additional 34 shares during the period. Hilton Head Capital Partners LLC purchased a new stake in shares of Trane Technologies during the fourth quarter worth approximately $32,000. Elevation Wealth Partners LLC raised its stake in shares of Trane Technologies by 153.8% during the second quarter. Elevation Wealth Partners LLC now owns 66 shares of the company’s stock worth $32,000 after purchasing an additional 40 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in shares of Trane Technologies during the third quarter worth $32,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Stock Down 2.5%

Trane Technologies stock opened at $463.56 on Wednesday. The stock’s 50 day moving average price is $475.36 and its 200 day moving average price is $460.38. 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 $101.99 billion, a PE ratio of 35.12, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. 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 released its quarterly earnings data on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.27 by $0.04. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.The firm 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. On average, sell-side analysts predict that Trane Technologies plc will post 15.31 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, September 4th. Trane Technologies’s dividend payout ratio (DPR) is currently 31.82%.

Insider Activity

In related news, CEO David S. Regnery sold 43,778 shares of the firm’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 completion of the sale, the chief executive officer owned 96,950 shares in the company, valued at $46,051,250. This trade represents a 31.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TT. Wall Street Zen lowered shares of Trane Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. JPMorgan Chase & Co. raised their target price on shares of Trane Technologies from $460.00 to $476.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Citigroup lowered their target price on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Royal Bank Of Canada dropped their price target on shares of Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating on the stock in a research note on Friday, July 31st. Finally, Barclays increased their price target on shares of Trane Technologies from $507.00 to $585.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $521.50.

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.