Crossmark Global Holdings Inc. Purchases 36,137 Shares of Trane Technologies plc $TT

Key Points

• Crossmark Global Holdings increased its Trane Technologies position by 225.6%, purchasing 36,137 additional shares and bringing its total holdings to 52,153 shares valued at approximately $23.6 million. Institutional investors collectively own 82.97% of the company.
• Trane Technologies reported quarterly revenue of $6.35 billion and earnings of $4.31 per share, exceeding analyst expectations, while revenue rose 10.6% year over year. The company declared a quarterly dividend of $1.05, representing a 0.9% annualized yield.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $539.42, above the reported share price of $471.29. CEO David Regnery separately sold 48,091 shares for approximately $23.1 million under a pre-arranged trading plan.

Crossmark Global Holdings Inc. lifted its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 225.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,153 shares of the company's stock after buying an additional 36,137 shares during the period. Crossmark Global Holdings Inc.'s holdings in Trane Technologies were worth $23,572,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. SEB Asset Management AB bought a new position in shares of Trane Technologies during the first quarter valued at about $47,195,000. Nicholson Wealth Management Group LLC purchased a new position in shares of Trane Technologies in the first quarter worth about $1,644,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Trane Technologies by 54.4% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,153 shares of the company's stock valued at $41,321,000 after acquiring an additional 34,930 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in shares of Trane Technologies by 14.2% in the 1st quarter. Kestra Advisory Services LLC now owns 26,934 shares of the company's stock valued at $11,224,000 after acquiring an additional 3,348 shares during the last quarter. Finally, KPP Advisory Services LLC purchased a new stake in Trane Technologies during the 1st quarter valued at about $855,000. Institutional investors own 82.97% of the company's stock.

Trane Technologies Price Performance

Shares of TT opened at $471.29 on Thursday. 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's 50-day simple moving average is $453.61 and its two-hundred day simple moving average is $464.28. Trane Technologies plc has a fifty-two week low of $348.06 and a fifty-two week high of $505.87. The stock has a market cap of $103.69 billion, a PE ratio of 35.70, a price-to-earnings-growth ratio of 2.15 and a beta of 1.15.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $4.31 earnings per share for the quarter, beating analysts' consensus estimates of $4.27 by $0.04. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same quarter last year, the company earned $3.88 EPS. The firm's revenue for the quarter was up 10.6% on a year-over-year basis. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Analysts anticipate that Trane Technologies plc will post 15.32 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 4th will be paid a $1.05 dividend. The ex-dividend date is Friday, December 4th. This represents a $4.20 annualized dividend and a dividend yield of 0.9%. Trane Technologies's payout ratio is currently 31.82%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TT shares. Royal Bank Of Canada raised their price target on Trane Technologies from $496.00 to $502.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 14th. The Goldman Sachs Group upgraded Trane Technologies from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $548.00 to $565.00 in a research report on Wednesday, October 14th. BNP Paribas Exane increased their price objective on Trane Technologies from $560.00 to $575.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Weiss Ratings raised Trane Technologies from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, September 10th. Finally, Citigroup cut 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. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $539.42.

Insider Buying and Selling at Trane Technologies

In other news, CEO David Regnery sold 48,091 shares of the company's stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $480.00, for a total transaction of $23,083,680.00. Following the transaction, the chief executive officer directly owned 96,951 shares of the company's stock, valued at $46,536,480. This represents a 33.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by corporate insiders.

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.

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