Colonial Trust Advisors lessened its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,765 shares of the company's stock after selling 865 shares during the quarter. Colonial Trust Advisors' holdings in Trane Technologies were worth $10,624,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of TT. Kovitz Investment Group Partners LLC acquired a new stake in Trane Technologies in the third quarter valued at $1,438,000. EP Wealth Advisors LLC increased its stake in Trane Technologies by 37.6% in the third quarter. EP Wealth Advisors LLC now owns 2,054 shares of the company's stock valued at $799,000 after purchasing an additional 561 shares in the last quarter. MML Investors Services LLC boosted its holdings in Trane Technologies by 12.2% in the third quarter. MML Investors Services LLC now owns 20,767 shares of the company's stock worth $8,073,000 after acquiring an additional 2,257 shares in the last quarter. Geode Capital Management LLC grew its position in Trane Technologies by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,638,914 shares of the company's stock valued at $1,797,700,000 after purchasing an additional 65,991 shares during the period. Finally, Coldstream Capital Management Inc. grew its holdings in shares of Trane Technologies by 10.0% during the third quarter. Coldstream Capital Management Inc. now owns 5,146 shares of the company's stock valued at $2,012,000 after buying an additional 466 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.
Insiders Place Their Bets
In other Trane Technologies news, CEO David S. Regnery sold 2,754 shares of Trane Technologies stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $357.34, for a total value of $984,114.36. Following the completion of the sale, the chief executive officer now owns 132,969 shares of the company's stock, valued at approximately $47,515,142.46. The trade was a 2.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Christopher J. Kuehn sold 876 shares of Trane Technologies stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $357.42, for a total value of $313,099.92. Following the completion of the sale, the chief financial officer now directly owns 63,841 shares of the company's stock, valued at $22,818,050.22. The trade was a 1.35 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,234 shares of company stock valued at $2,588,102. Insiders own 0.38% of the company's stock.
Trane Technologies Stock Down 1.2 %
Shares of NYSE:TT traded down $4.08 during trading on Tuesday, hitting $343.41. The stock had a trading volume of 405,664 shares, compared to its average volume of 1,284,717. The firm's fifty day moving average is $346.92 and its 200 day moving average is $376.13. 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 capitalization of $77.02 billion, a PE ratio of 30.53, a PEG ratio of 2.50 and a beta of 1.08. Trane Technologies plc has a 12 month low of $286.32 and a 12 month high of $422.00.
Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.61 earnings per share for the quarter, topping 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%. Analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current fiscal year.
Trane Technologies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 1.09%. The ex-dividend date is Friday, June 6th. Trane Technologies's dividend payout ratio (DPR) is 33.42%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on TT. Melius Research reiterated a "hold" rating and set a $398.00 price target on shares of Trane Technologies in a research note on Tuesday, January 28th. UBS Group lowered their target price on shares of Trane Technologies from $500.00 to $470.00 and set a "buy" rating for the company in a report on Friday, January 31st. Barclays dropped their target price on shares of Trane Technologies from $500.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. Wells Fargo & Company decreased their target price on 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, Royal Bank of Canada raised their price objective on shares of Trane Technologies from $390.00 to $395.00 and gave the stock a "sector perform" rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $405.31.
Get Our Latest Stock Report on TT
Trane Technologies Profile
(
Free Report)
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.
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