Cerity Partners LLC Sells 15,709 Shares of Trane Technologies plc (NYSE:TT)

Cerity Partners LLC trimmed its stake in Trane Technologies plc (NYSE:TT - Free Report) by 18.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,384 shares of the company's stock after selling 15,709 shares during the period. Cerity Partners LLC's holdings in Trane Technologies were worth $27,221,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Secured Retirement Advisors LLC increased its stake in shares of Trane Technologies by 0.6% in the fourth quarter. Secured Retirement Advisors LLC now owns 4,628 shares of the company's stock worth $1,709,000 after purchasing an additional 28 shares during the period. First Citizens Financial Corp increased its position in Trane Technologies by 4.6% in the 4th quarter. First Citizens Financial Corp now owns 656 shares of the company's stock worth $242,000 after buying an additional 29 shares during the period. Catalina Capital Group LLC lifted its holdings in shares of Trane Technologies by 3.2% during the fourth quarter. Catalina Capital Group LLC now owns 924 shares of the company's stock worth $341,000 after buying an additional 29 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Trane Technologies by 0.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 5,538 shares of the company's stock valued at $2,046,000 after acquiring an additional 29 shares during the period. Finally, Kanawha Capital Management LLC grew its stake in shares of Trane Technologies by 0.6% in the fourth quarter. Kanawha Capital Management LLC now owns 4,712 shares of the company's stock worth $1,740,000 after acquiring an additional 29 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 2,318 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $358.17, for a total value of $830,238.06. Following the transaction, the chief executive officer now owns 126,831 shares of the company's stock, valued at approximately $45,427,059.27. This represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Christopher J. Kuehn sold 770 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $358.39, for a total value of $275,960.30. Following the transaction, the chief financial officer now owns 62,221 shares of the company's stock, valued at $22,299,384.19. The trade was a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,234 shares of company stock worth $2,588,102. Company insiders own 0.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TT. Citigroup reduced their target price on shares of Trane Technologies from $478.00 to $476.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Wells Fargo & Company decreased their price target on shares of Trane Technologies from $380.00 to $360.00 and set an "underweight" rating on the stock in a research note on Friday, January 31st. Melius lowered shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price target for the company. in a research report on Tuesday, January 28th. Royal Bank of Canada upped their price objective on Trane Technologies from $390.00 to $395.00 and gave the company a "sector perform" rating in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. decreased their price target on Trane Technologies from $396.00 to $323.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $409.13.

Trane Technologies Price Performance

Shares of Trane Technologies stock traded up $3.84 during trading on Monday, reaching $349.65. The company's stock had a trading volume of 219,360 shares, compared to its average volume of 1,284,132. Trane Technologies plc has a one year low of $286.32 and a one year high of $422.00. The stock has a 50-day moving average price of $347.12 and a two-hundred day moving average price of $376.38. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $78.42 billion, a P/E ratio of 31.08, a price-to-earnings-growth ratio of 2.50 and a beta of 1.08.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.09. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. As a group, sell-side analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.76 annualized dividend and a yield of 1.08%. Trane Technologies's dividend payout ratio is currently 33.42%.

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.