Paladin Advisory Group LLC Decreases Position in Trane Technologies plc (NYSE:TT)

Paladin Advisory Group LLC lessened its holdings in shares of Trane Technologies plc (NYSE:TT) by 10.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,952 shares of the company’s stock after selling 232 shares during the quarter. Paladin Advisory Group LLC’s holdings in Trane Technologies were worth $476,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. BKM Wealth Management LLC purchased a new position in Trane Technologies in the 4th quarter worth $25,000. Venturi Wealth Management LLC raised its stake in Trane Technologies by 139.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 151 shares of the company’s stock worth $31,000 after acquiring an additional 88 shares during the last quarter. Live Oak Investment Partners purchased a new position in Trane Technologies in the 4th quarter worth $30,000. Avior Wealth Management LLC raised 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 worth $36,000 after acquiring an additional 65 shares during the last quarter. Finally, Rosenberg Matthew Hamilton raised its stake in Trane Technologies by 27.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 192 shares of the company’s stock worth $47,000 after acquiring an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Trane Technologies Price Performance

TT stock traded down $1.29 during trading on Friday, hitting $288.27. The stock had a trading volume of 790,678 shares, compared to its average volume of 994,617. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.13 and a quick ratio of 0.78. Trane Technologies plc has a twelve month low of $162.04 and a twelve month high of $306.98. The stock has a market capitalization of $65.46 billion, a P/E ratio of 32.92, a PEG ratio of 2.47 and a beta of 1.05. The company’s 50-day moving average price is $289.41 and its two-hundred day moving average price is $250.29.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, February 1st. The company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.04. Trane Technologies had a return on equity of 32.01% and a net margin of 11.45%. The company had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.43 billion. During the same period in the previous year, the firm posted $1.82 EPS. Trane Technologies’s revenue was up 8.6% compared to the same quarter last year. As a group, research analysts predict that Trane Technologies plc will post 10.2 EPS 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. Shareholders of record on Friday, June 7th will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, June 6th. Trane Technologies’s dividend payout ratio (DPR) is 38.23%.

Insiders Place Their Bets

In other Trane Technologies news, SVP Evan M. Turtz sold 2,821 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $288.33, for a total value of $813,378.93. Following the transaction, the senior vice president now directly owns 20,729 shares of the company’s stock, valued at approximately $5,976,792.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Trane Technologies news, SVP Evan M. Turtz sold 2,821 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $288.33, for a total value of $813,378.93. Following the transaction, the senior vice president now directly owns 20,729 shares of the company’s stock, valued at approximately $5,976,792.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 directly owns 42,575 shares in the company, valued at approximately $11,591,469.50. The disclosure for this sale can be found here. Insiders have sold 29,874 shares of company stock valued at $8,462,825 in the last ninety days. 0.39% of the stock is currently owned by corporate insiders.

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.