Bailard Inc. Purchases 4,304 Shares of Trane Technologies plc (NYSE:TT)

Bailard Inc. grew its position in Trane Technologies plc (NYSE:TT) by 8.8% in the fourth quarter, Holdings Channel reports. The fund owned 53,320 shares of the company’s stock after acquiring an additional 4,304 shares during the quarter. Bailard Inc.’s holdings in Trane Technologies were worth $13,005,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BKM Wealth Management LLC bought a new position in shares of Trane Technologies in the 4th quarter valued at $25,000. Venturi Wealth Management LLC raised its position in 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. Avior Wealth Management LLC raised its position in Trane Technologies by 58.0% during the 3rd quarter. Avior Wealth Management LLC now owns 177 shares of the company’s stock worth $36,000 after purchasing an additional 65 shares during the last quarter. Ancora Advisors LLC bought a new position in Trane Technologies during the 3rd quarter worth $40,000. Finally, Rosenberg Matthew Hamilton raised its position in Trane Technologies by 27.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 192 shares of the company’s stock worth $47,000 after purchasing an additional 41 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Trading Up 0.5 %

Shares of NYSE:TT traded up $1.40 during midday trading on Wednesday, reaching $296.49. The company’s stock had a trading volume of 907,898 shares, compared to its average volume of 994,304. Trane Technologies plc has a fifty-two week low of $162.04 and a fifty-two week high of $306.98. The firm has a market capitalization of $67.32 billion, a price-to-earnings ratio of 33.73, a PEG ratio of 2.46 and a beta of 1.05. The firm has a 50 day moving average price of $291.04 and a two-hundred day moving average price of $253.23. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 1.13.

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

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Thursday, June 6th. Trane Technologies’s payout ratio is 38.23%.

Analysts Set New Price Targets

TT has been the subject of several analyst reports. Barclays raised their target price on Trane Technologies from $286.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. The Goldman Sachs Group raised their target price on Trane Technologies from $253.00 to $287.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. Royal Bank of Canada raised their target price on Trane Technologies from $231.00 to $246.00 and gave the stock a “sector perform” rating in a research report on Friday, February 2nd. Stephens lifted their price objective on Trane Technologies from $235.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Finally, Citigroup boosted 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $251.83.

Insider Activity at Trane Technologies

In related news, SVP Keith A. Sultana sold 1,637 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $267.74, for a total value of $438,290.38. Following the completion of the sale, the senior vice president now directly owns 42,374 shares of the company’s stock, valued at approximately $11,345,214.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Trane Technologies news, SVP Keith A. Sultana sold 1,637 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $267.74, for a total transaction of $438,290.38. Following the completion of the sale, the senior vice president now directly owns 42,374 shares of the company’s stock, valued at approximately $11,345,214.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Evan M. Turtz sold 2,821 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $288.33, for a total value of $813,378.93. Following the sale, the senior vice president now directly owns 20,729 shares of the company’s stock, valued at $5,976,792.57. The disclosure for this sale can be found here. Insiders sold 29,874 shares of company stock valued at $8,462,825 in the last three months. Corporate insiders own 0.39% of the company’s stock.

About Trane Technologies

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.