First Bank & Trust Increases Stock Holdings in Trane Technologies plc (NYSE:TT)

First Bank & Trust boosted its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 119.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,453 shares of the company's stock after acquiring an additional 791 shares during the quarter. First Bank & Trust's holdings in Trane Technologies were worth $537,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of TT. Cobblestone Capital Advisors LLC NY raised its stake in shares of Trane Technologies by 1.8% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 1,490 shares of the company's stock valued at $579,000 after acquiring an additional 27 shares in the last quarter. Wescott Financial Advisory Group LLC raised its position in Trane Technologies by 1.7% in the 3rd quarter. Wescott Financial Advisory Group LLC now owns 1,723 shares of the company's stock valued at $670,000 after purchasing an additional 28 shares in the last quarter. Secured Retirement Advisors LLC boosted its stake in shares of Trane Technologies by 0.6% in the 4th quarter. Secured Retirement Advisors LLC now owns 4,628 shares of the company's stock valued at $1,709,000 after buying an additional 28 shares during the period. Greenleaf Trust boosted its stake in shares of Trane Technologies by 0.5% in the 3rd quarter. Greenleaf Trust now owns 5,852 shares of the company's stock valued at $2,275,000 after buying an additional 29 shares during the period. Finally, First Citizens Financial Corp grew its position in shares of Trane Technologies by 4.6% during the fourth quarter. First Citizens Financial Corp now owns 656 shares of the company's stock worth $242,000 after buying an additional 29 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Trane Technologies

In other news, CEO David S. Regnery sold 2,754 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 132,969 shares in the company, valued at $47,515,142.46. This trade represents a 2.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Mairead Magner sold 198 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $357.61, for a total transaction of $70,806.78. Following the completion of the sale, the senior vice president now owns 13,401 shares of the company's stock, 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. Insiders sold 11,563 shares of company stock worth $4,388,966 over the last 90 days. 0.38% of the stock is currently owned by insiders.

Trane Technologies Stock Performance

TT stock traded down $12.08 on Friday, hitting $354.56. The company's stock had a trading volume of 1,163,504 shares, compared to its average volume of 1,485,568. The stock has a market cap of $79.52 billion, a price-to-earnings ratio of 31.52, a price-to-earnings-growth ratio of 2.53 and a beta of 1.05. The firm has a 50 day moving average of $375.72 and a two-hundred day moving average of $379.16. 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 1 year low of $279.00 and a 1 year high of $422.00.

Trane Technologies (NYSE:TT - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $2.61 earnings per share 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%. Equities analysts predict that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued 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 1.06%. This is a positive change from Trane Technologies's previous quarterly dividend of $0.84. Trane Technologies's payout ratio is presently 29.87%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Northcoast Research initiated coverage on shares of Trane Technologies in a research note on Friday, November 22nd. They issued a "buy" rating and a $500.00 price target for the company. Citigroup lowered 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. Robert W. Baird cut their price target on Trane Technologies from $408.00 to $404.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. Melius cut Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price objective for the company. in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada increased their price objective on Trane Technologies from $390.00 to $395.00 and gave the company a "sector perform" rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $415.25.

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.