Trane Technologies plc (NYSE:TT) CFO Sells $275,960.30 in Stock

Trane Technologies plc (NYSE:TT - Get Free Report) CFO Christopher J. Kuehn sold 770 shares of the company's stock in a transaction on 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 directly owns 62,221 shares in the company, valued at $22,299,384.19. This represents a 1.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Trane Technologies Stock Up 0.6 %

Shares of TT traded up $2.30 during trading on Friday, reaching $363.58. The company's stock had a trading volume of 1,019,591 shares, compared to its average volume of 1,525,975. Trane Technologies plc has a twelve month low of $270.50 and a twelve month high of $422.00. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58. The company has a market cap of $81.55 billion, a price-to-earnings ratio of 32.32, a P/E/G ratio of 2.44 and a beta of 1.05. The company has a fifty day moving average of $378.44 and a two-hundred day moving average of $378.13.

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

Trane Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.03%. This is a boost from Trane Technologies's previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Friday, March 7th. Trane Technologies's dividend payout ratio is 29.87%.

Institutional Trading of Trane Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Meiji Yasuda Life Insurance Co lifted its holdings in Trane Technologies by 78.0% in the fourth quarter. Meiji Yasuda Life Insurance Co now owns 1,216 shares of the company's stock worth $449,000 after acquiring an additional 533 shares during the last quarter. Wahed Invest LLC boosted its position in Trane Technologies by 1.5% during the 4th quarter. Wahed Invest LLC now owns 5,580 shares of the company's stock valued at $2,061,000 after purchasing an additional 82 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in Trane Technologies by 201.0% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 260,275 shares of the company's stock valued at $96,133,000 after purchasing an additional 173,811 shares during the period. Rehmann Capital Advisory Group boosted its position in Trane Technologies by 17.5% during the 4th quarter. Rehmann Capital Advisory Group now owns 1,090 shares of the company's stock valued at $403,000 after purchasing an additional 162 shares during the period. Finally, Gallo Partners LP acquired a new position in Trane Technologies during the 4th quarter valued at approximately $2,435,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the company. Melius downgraded Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 target price on the stock. in a research report on Tuesday, January 28th. Barclays raised their target price on shares of Trane Technologies from $440.00 to $500.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Melius Research reiterated a "hold" rating and issued a $398.00 price target on shares of Trane Technologies in a report on Tuesday, January 28th. Wells Fargo & Company dropped their target price on shares of Trane Technologies from $380.00 to $360.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. Finally, Robert W. Baird dropped their target price on shares of Trane Technologies from $408.00 to $404.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $415.25.

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.