Trane Technologies plc (NYSE:TT) Shares Sold by Trust Investment Advisors

Trust Investment Advisors reduced its stake in shares of Trane Technologies plc (NYSE:TT) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,403 shares of the company’s stock after selling 117 shares during the quarter. Trane Technologies accounts for approximately 1.6% of Trust Investment Advisors’ portfolio, making the stock its 10th largest holding. Trust Investment Advisors’ holdings in Trane Technologies were worth $2,049,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BKM Wealth Management LLC purchased a new position in Trane Technologies during the 4th quarter valued at about $25,000. Live Oak Investment Partners purchased a new position in shares of Trane Technologies during the 4th quarter worth approximately $30,000. Venturi Wealth Management LLC raised its position in shares of Trane Technologies by 139.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 151 shares of the company’s stock worth $31,000 after purchasing an additional 88 shares during the last quarter. 1832 Asset Management L.P. purchased a new stake in Trane Technologies in the 1st quarter valued at approximately $34,000. Finally, Avior Wealth Management LLC lifted its stake in Trane Technologies by 58.0% in the 3rd quarter. Avior Wealth Management LLC now owns 177 shares of the company’s stock valued at $36,000 after buying an additional 65 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Trading Down 1.2 %

NYSE:TT traded down $3.53 on Thursday, hitting $289.56. 646,295 shares of the stock were exchanged, compared to its average volume of 997,287. The stock has a fifty day moving average of $289.02 and a 200-day moving average of $250.01. The stock has a market cap of $65.75 billion, a PE ratio of 33.34, a PEG ratio of 2.49 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.78 and a debt-to-equity ratio of 0.57. Trane Technologies plc has a fifty-two week low of $162.04 and a fifty-two week high of $306.98.

Trane Technologies (NYSE:TT) last posted its earnings results on Thursday, February 1st. The company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.04. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. The firm had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.43 billion. During the same quarter in the prior year, the company earned $1.82 EPS. The company’s revenue was up 8.6% on a year-over-year basis. As a group, equities analysts expect that Trane Technologies plc will post 10.2 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a dividend of $0.84 per share. The ex-dividend date is Thursday, June 6th. This represents a $3.36 annualized dividend and a dividend yield of 1.16%. Trane Technologies’s payout ratio is 38.23%.

Analyst Ratings Changes

A number of research firms have recently weighed in on TT. Stephens boosted their price target on Trane Technologies from $235.00 to $280.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Barclays boosted their target price on shares of Trane Technologies from $286.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada lifted their price target on shares of Trane Technologies from $231.00 to $246.00 and gave the stock a “sector perform” rating in a report on Friday, February 2nd. The Goldman Sachs Group lifted their target price on shares of Trane Technologies from $253.00 to $287.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Finally, Citigroup raised their price objective on Trane Technologies from $309.00 to $355.00 and gave the stock a “buy” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $251.83.

Insider Buying and Selling

In other Trane Technologies news, CFO Christopher J. Kuehn sold 2,767 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $268.31, for a total value of $742,413.77. Following the transaction, the chief financial officer now directly owns 54,788 shares of the company’s stock, valued at $14,700,168.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Trane Technologies news, CFO Christopher J. Kuehn sold 2,767 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $268.31, for a total value of $742,413.77. Following the completion of the transaction, the chief financial officer now owns 54,788 shares in the company, valued at approximately $14,700,168.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Keith A. Sultana sold 1,983 shares of Trane Technologies stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $272.26, for a total transaction of $539,891.58. Following the sale, the senior vice president now owns 42,575 shares in the company, valued at approximately $11,591,469.50. The disclosure for this sale can be found here. In the last three months, insiders sold 29,874 shares of company stock valued at $8,462,825. Company insiders own 0.39% of the company’s stock.

Trane Technologies 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.