Van Hulzen Asset Management LLC Takes $7.67 Million Position in Trane Technologies plc $TT

Van Hulzen Asset Management LLC bought a new stake in Trane Technologies plc (NYSE:TT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 19,706 shares of the company’s stock, valued at approximately $7,670,000.

A number of other institutional investors have also modified their holdings of TT. OneAscent Wealth Management LLC grew its holdings in Trane Technologies by 1.5% during the third quarter. OneAscent Wealth Management LLC now owns 1,627 shares of the company’s stock worth $686,000 after acquiring an additional 24 shares during the period. Bridgewater Advisors Inc. grew its holdings in Trane Technologies by 3.7% during the third quarter. Bridgewater Advisors Inc. now owns 670 shares of the company’s stock worth $285,000 after acquiring an additional 24 shares during the period. West Family Investments Inc. grew its holdings in Trane Technologies by 2.3% during the third quarter. West Family Investments Inc. now owns 1,072 shares of the company’s stock worth $452,000 after acquiring an additional 24 shares during the period. Cresset Asset Management LLC grew its holdings in Trane Technologies by 0.3% during the third quarter. Cresset Asset Management LLC now owns 7,012 shares of the company’s stock worth $2,959,000 after acquiring an additional 24 shares during the period. Finally, Bryn Mawr Trust Advisors LLC grew its holdings in Trane Technologies by 1.2% during the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 2,112 shares of the company’s stock worth $822,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Stock Down 1.1%

Trane Technologies stock opened at $446.83 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.77 and a current ratio of 1.10. The firm has a market capitalization of $98.77 billion, a price-to-earnings ratio of 34.56, a price-to-earnings-growth ratio of 2.08 and a beta of 1.25. Trane Technologies plc has a fifty-two week low of $348.06 and a fifty-two week high of $503.47. The stock’s fifty day moving average is $451.88 and its two-hundred day moving average is $429.26.

Trane Technologies (NYSE:TT) last posted its earnings results on Thursday, April 30th. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.10. The company had revenue of $4.97 billion for the quarter, compared to analyst estimates of $4.81 billion. Trane Technologies had a return on equity of 35.55% and a net margin of 13.41%.Trane Technologies’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.45 earnings per share. Trane Technologies has set its FY 2026 guidance at 14.750-14.950 EPS. Analysts predict that Trane Technologies plc will post 14.9 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, June 5th. Trane Technologies’s dividend payout ratio is currently 32.48%.

Insider Buying and Selling

In other news, CFO Christopher J. Kuehn sold 8,619 shares of the company’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $450.00, for a total value of $3,878,550.00. Following the sale, the chief financial officer directly owned 60,576 shares in the company, valued at $27,259,200. This represents a 12.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Donald E. Simmons sold 4,593 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $500.00, for a total value of $2,296,500.00. Following the completion of the sale, the insider owned 3,819 shares in the company, valued at $1,909,500. This represents a 54.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 53,654 shares of company stock valued at $23,269,523 over the last three months. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TT shares. Citigroup upped their price objective on Trane Technologies from $525.00 to $570.00 and gave the stock a “buy” rating in a report on Friday, May 1st. JPMorgan Chase & Co. upped their price objective on Trane Technologies from $460.00 to $476.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Trane Technologies in a report on Monday, April 20th. Wells Fargo & Company upped their price objective on Trane Technologies from $375.00 to $400.00 and gave the stock an “underweight” rating in a report on Friday, January 30th. Finally, Evercore started coverage on Trane Technologies in a report on Monday, April 13th. They issued an “outperform” rating and a $535.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $506.56.

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.