Harvest Investment Services LLC Buys Shares of 1,455 Trane Technologies plc (NYSE:TT)

Harvest Investment Services LLC acquired a new stake in shares of Trane Technologies plc (NYSE:TT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,455 shares of the company's stock, valued at approximately $537,000.

A number of other institutional investors have also made changes to their positions in the stock. Global Wealth Strategies & Associates bought a new position in shares of Trane Technologies in the fourth quarter valued at approximately $26,000. Sound Income Strategies LLC raised its holdings in Trane Technologies by 1,314.3% in the 4th quarter. Sound Income Strategies LLC now owns 99 shares of the company's stock worth $37,000 after acquiring an additional 92 shares during the period. Flagship Wealth Advisors LLC acquired a new position in Trane Technologies during the 4th quarter worth $37,000. Golden State Wealth Management LLC bought a new stake in Trane Technologies during the fourth quarter valued at about $39,000. Finally, BankPlus Trust Department bought a new position in shares of Trane Technologies in the fourth quarter worth about $45,000. 82.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TT. Melius lowered 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. 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. Royal Bank of Canada raised their price target on shares of Trane Technologies from $390.00 to $395.00 and gave the stock a "sector perform" rating in a research report on Friday, January 3rd. Wells Fargo & Company reduced 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 note on Friday, January 31st. Finally, Citigroup lowered their price target on Trane Technologies from $476.00 to $415.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. 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 data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $405.31.

Insiders Place Their Bets

In other news, CFO Christopher J. Kuehn sold 770 shares of Trane Technologies 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 completion of the sale, the chief financial officer now directly owns 62,221 shares of the company's stock, valued at approximately $22,299,384.19. This trade represents a 1.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mairead Magner sold 198 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $357.61, for a total value of $70,806.78. Following the transaction, the senior vice president now directly 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. Insiders have sold a total of 7,234 shares of company stock valued at $2,588,102 in the last 90 days. 0.38% of the stock is currently owned by insiders.

Trane Technologies Price Performance

Shares of Trane Technologies stock opened at $332.92 on Wednesday. The stock has a market capitalization of $74.67 billion, a price-to-earnings ratio of 29.59, a P/E/G ratio of 2.50 and a beta of 1.08. The firm's 50-day moving average price is $343.62 and its two-hundred day moving average price is $373.91. 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 $291.37 and a 1-year high of $422.00.

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

Trane Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $0.94 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.13%. Trane Technologies's dividend payout ratio is 33.42%.

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.

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