Flossbach Von Storch SE Buys New Shares in Trane Technologies plc $TT

Key Points

• Flossbach Von Storch SE initiated a position in Trane Technologies during the second quarter, purchasing 111,490 shares valued at approximately $54.8 million. Institutional investors collectively own 82.97% of the company.
• Analysts maintain a generally positive outlook, with an average “Moderate Buy” rating and a consensus price target of $521.50. Recent targets range from $476 to $585.
• Trane Technologies exceeded quarterly earnings and revenue expectations, reporting EPS of $4.31 and revenue of $6.35 billion, while declaring a quarterly dividend of $1.05 per share. Shares opened at $456.11, down 1.6%.

Flossbach Von Storch SE bought a new position in Trane Technologies plc (NYSE:TT - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 111,490 shares of the company's stock, valued at approximately $54,759,000. Flossbach Von Storch SE owned 0.05% of Trane Technologies as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TT. Horizon Investments LLC raised its holdings in Trane Technologies by 115.4% during the 4th quarter. Horizon Investments LLC now owns 30,560 shares of the company's stock valued at $11,894,000 after buying an additional 16,370 shares during the last quarter. SEB Asset Management AB bought a new position in shares of Trane Technologies during the first quarter valued at about $47,195,000. North Dakota State Investment Board purchased a new stake in shares of Trane Technologies during the fourth quarter worth about $2,976,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Trane Technologies by 54.4% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,153 shares of the company's stock worth $41,321,000 after purchasing an additional 34,930 shares during the last quarter. Finally, FSA Advisors Inc. purchased a new position in Trane Technologies during the 4th quarter valued at about $6,588,000. 82.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on TT. JPMorgan Chase & Co. increased 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. Barclays upped their target price on Trane Technologies from $507.00 to $585.00 and gave the company an "overweight" rating in a report on Friday, May 1st. Sanford C. Bernstein boosted their price objective on shares of Trane Technologies from $555.00 to $575.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. Citigroup decreased their price objective on shares of Trane Technologies from $570.00 to $566.00 and set a "buy" rating for the company in a report on Friday, July 31st. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Trane Technologies in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Trane Technologies presently has an average rating of "Moderate Buy" and an average target price of $521.50.

Trane Technologies Stock Down 1.6%

Shares of Trane Technologies stock opened at $456.11 on Thursday. The company has a 50-day simple moving average of $475.49 and a two-hundred day simple moving average of $460.59. The stock has a market capitalization of $100.35 billion, a PE ratio of 34.55, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. Trane Technologies plc has a 52-week low of $348.06 and a 52-week high of $505.87. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.76 and a current ratio of 1.07.

Trane Technologies (NYSE:TT - Get Free Report) last issued its earnings results 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. The company had revenue of $6.35 billion for the quarter, compared to analysts' expectations of $6.20 billion. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The firm's quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the company posted $3.88 earnings per share. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, analysts anticipate that Trane Technologies plc will post 15.31 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be issued 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 of this dividend is Friday, September 4th. Trane Technologies's dividend payout ratio is 31.82%.

Insider Buying and Selling at Trane Technologies

In other news, CEO David S. Regnery sold 43,778 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total transaction of $20,794,550.00. Following the completion of the transaction, the chief executive officer directly owned 96,950 shares in the company, valued at approximately $46,051,250. This represents a 31.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by insiders.

Trane Technologies Company 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.

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