Pinnacle Wealth Planning Services Inc. Has $699,000 Holdings in Trane Technologies plc $TT

Pinnacle Wealth Planning Services Inc. raised its position in shares of Trane Technologies plc (NYSE:TT) by 35.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,598 shares of the company’s stock after acquiring an additional 417 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Trane Technologies were worth $699,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. NorthRock Partners LLC boosted its stake in Trane Technologies by 1.2% in the 2nd quarter. NorthRock Partners LLC now owns 2,052 shares of the company’s stock valued at $898,000 after purchasing an additional 24 shares during the period. King Luther Capital Management Corp lifted its holdings in shares of Trane Technologies by 1.3% during the second quarter. King Luther Capital Management Corp now owns 1,942 shares of the company’s stock worth $849,000 after buying an additional 24 shares in the last quarter. Confluence Wealth Services Inc. boosted its position in shares of Trane Technologies by 0.7% in the second quarter. Confluence Wealth Services Inc. now owns 3,609 shares of the company’s stock valued at $1,579,000 after acquiring an additional 25 shares during the period. CBIZ Investment Advisory Services LLC grew its stake in shares of Trane Technologies by 23.4% in the first quarter. CBIZ Investment Advisory Services LLC now owns 137 shares of the company’s stock valued at $46,000 after acquiring an additional 26 shares in the last quarter. Finally, Fiera Capital Corp increased its position in Trane Technologies by 1.4% during the first quarter. Fiera Capital Corp now owns 1,930 shares of the company’s stock worth $650,000 after acquiring an additional 27 shares during the period. Institutional investors own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TT shares. Morgan Stanley boosted their price objective on shares of Trane Technologies from $445.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Bank of America upgraded Trane Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $490.00 to $550.00 in a research note on Thursday, November 13th. UBS Group raised their price objective on Trane Technologies from $500.00 to $544.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Barclays upped their target price on Trane Technologies from $485.00 to $495.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Finally, HSBC cut Trane Technologies from a “buy” rating to a “hold” rating and raised their price target for the stock from $415.00 to $460.00 in a research report on Thursday, July 31st. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Trane Technologies has a consensus rating of “Hold” and an average price target of $472.07.

Insider Activity at Trane Technologies

In related news, CEO David S. Regnery sold 22,497 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the completion of the transaction, the chief executive officer directly owned 123,713 shares in the company, valued at $50,722,330. This represents a 15.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Elizabeth A. Elwell sold 600 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $440.00, for a total transaction of $264,000.00. Following the completion of the transaction, the chief accounting officer directly owned 7,148 shares of the company’s stock, valued at approximately $3,145,120. The trade was a 7.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.14% of the company’s stock.

Trane Technologies Trading Down 1.6%

Shares of TT opened at $407.26 on Wednesday. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $476.18. The business’s fifty day moving average is $419.74 and its 200-day moving average is $425.79. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. The firm has a market cap of $90.30 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 2.66 and a beta of 1.16.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Thursday, October 30th. The company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.80 by $0.08. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The business had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same period in the prior year, the company earned $3.37 EPS. Trane Technologies’s revenue for the quarter was up 5.5% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. Equities analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, December 5th. Trane Technologies’s dividend payout ratio (DPR) is presently 28.92%.

Trane Technologies Company Profile

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.