Martin & Co. Inc. TN Sells 921 Shares of Trane Technologies plc (NYSE:TT)

Martin & Co. Inc. TN lessened its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 4.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 21,111 shares of the company's stock after selling 921 shares during the period. Trane Technologies accounts for 1.9% of Martin & Co. Inc. TN's portfolio, making the stock its 12th largest position. Martin & Co. Inc. TN's holdings in Trane Technologies were worth $7,797,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tidal Investments LLC boosted its position in shares of Trane Technologies by 22.2% during the third quarter. Tidal Investments LLC now owns 15,827 shares of the company's stock worth $6,152,000 after purchasing an additional 2,874 shares in the last quarter. Synovus Financial Corp lifted its position in Trane Technologies by 16.8% in the 3rd quarter. Synovus Financial Corp now owns 8,828 shares of the company's stock valued at $3,431,000 after acquiring an additional 1,271 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Trane Technologies in the 4th quarter valued at $468,000. HB Wealth Management LLC lifted its position in Trane Technologies by 14.3% in the 4th quarter. HB Wealth Management LLC now owns 5,689 shares of the company's stock valued at $2,101,000 after acquiring an additional 711 shares in the last quarter. Finally, GDS Wealth Management lifted its position in Trane Technologies by 4.3% in the 3rd quarter. GDS Wealth Management now owns 51,767 shares of the company's stock valued at $20,123,000 after acquiring an additional 2,124 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TT has been the topic of several research reports. Wells Fargo & Company cut their price objective on shares of Trane Technologies from $380.00 to $360.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. Northcoast Research initiated coverage on shares of Trane Technologies in a research report on Friday, November 22nd. They issued a "buy" rating and a $500.00 price objective on the stock. Melius cut shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price objective on the stock. in a research report on Tuesday, January 28th. UBS Group lowered their price target on shares of Trane Technologies from $500.00 to $470.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Finally, Robert W. Baird lowered their price target on shares of Trane Technologies from $408.00 to $404.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $415.25.

Insider Activity at Trane Technologies

In other Trane Technologies news, CFO Christopher J. Kuehn sold 876 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $357.42, for a total value of $313,099.92. Following the completion of the transaction, the chief financial officer now directly owns 63,841 shares in the company, valued at approximately $22,818,050.22. This represents a 1.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David S. Regnery sold 2,754 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $357.34, for a total transaction of $984,114.36. Following the sale, the chief executive officer now owns 132,969 shares of the company's stock, valued at approximately $47,515,142.46. This trade represents a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,563 shares of company stock valued at $4,388,966 in the last quarter. Insiders own 0.38% of the company's stock.

Trane Technologies Stock Performance

NYSE TT traded down $3.81 during trading on Thursday, reaching $366.74. The company's stock had a trading volume of 1,140,128 shares, compared to its average volume of 1,495,328. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $82.26 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05. Trane Technologies plc has a 12 month low of $274.77 and a 12 month high of $422.00. The firm has a 50 day moving average price of $376.38 and a 200 day moving average price of $379.24.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.61 earnings per share (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%. As a group, equities analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current fiscal 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 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%. The ex-dividend date is Friday, March 7th. This is an increase from Trane Technologies's previous quarterly dividend of $0.84. Trane Technologies's dividend payout ratio is 29.87%.

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.