Corient Private Wealth LLC Sells 859 Shares of Trane Technologies plc (NYSE:TT)

Corient Private Wealth LLC trimmed its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 295,742 shares of the company's stock after selling 859 shares during the quarter. Corient Private Wealth LLC owned about 0.13% of Trane Technologies worth $108,848,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. FMR LLC increased its position in Trane Technologies by 4.0% during the third quarter. FMR LLC now owns 10,337,672 shares of the company's stock worth $4,018,563,000 after acquiring an additional 397,537 shares during the period. State Street Corp increased its holdings in Trane Technologies by 0.8% in the 3rd quarter. State Street Corp now owns 9,769,161 shares of the company's stock valued at $3,797,565,000 after buying an additional 77,830 shares during the period. Geode Capital Management LLC increased its holdings 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 buying an additional 65,991 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Trane Technologies by 35.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,550,511 shares of the company's stock valued at $991,460,000 after buying an additional 671,691 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Trane Technologies by 0.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,142,081 shares of the company's stock valued at $832,691,000 after buying an additional 20,151 shares during the period. 82.97% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms have commented on TT. Northcoast Research began coverage on shares of Trane Technologies in a report on Friday, November 22nd. They issued a "buy" rating and a $500.00 target price on the stock. Melius Research reissued a "hold" rating and issued a $398.00 target price on shares of Trane Technologies in a report on Tuesday, January 28th. Wells Fargo & Company decreased their target price on shares of Trane Technologies from $380.00 to $360.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. Melius lowered shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 target price on the stock. in a report on Tuesday, January 28th. Finally, Barclays decreased their price target on shares of Trane Technologies from $500.00 to $475.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. 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. According to MarketBeat, Trane Technologies has a consensus rating of "Hold" and an average price target of $413.69.

Trane Technologies Trading Down 0.2 %

NYSE:TT traded down $0.82 during mid-day trading on Thursday, hitting $349.24. 1,279,524 shares of the company's stock were exchanged, compared to its average volume of 1,162,425. The company has a 50 day simple moving average of $362.58 and a 200-day simple moving average of $379.83. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58. Trane Technologies plc has a fifty-two week low of $286.32 and a fifty-two week high of $422.00. The firm has a market capitalization of $78.33 billion, a P/E ratio of 31.04, a PEG ratio of 2.50 and a beta of 1.08.

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

Trane Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $0.94 dividend. The ex-dividend date is Friday, March 7th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.08%. This is an increase from Trane Technologies's previous quarterly dividend of $0.84. Trane Technologies's payout ratio is 33.42%.

Insider Transactions at Trane Technologies

In other news, CEO David S. Regnery sold 2,754 shares of the business's 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 transaction, the chief executive officer now owns 132,969 shares in the company, valued at approximately $47,515,142.46. The trade was a 2.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mairead Magner sold 198 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $357.61, for a total transaction of $70,806.78. Following the completion of the transaction, the senior vice president now owns 13,401 shares in the company, valued at $4,792,331.61. This trade represents a 1.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,234 shares of company stock worth $2,588,102. Company insiders own 0.38% of the company's stock.

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.