Western Financial Corp CA Invests $914,000 in Trane Technologies plc (NYSE:TT)

Western Financial Corp CA bought a new stake in Trane Technologies plc (NYSE:TT - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,352 shares of the company's stock, valued at approximately $914,000.

Other hedge funds have also modified their holdings of the company. RFG Advisory LLC purchased a new position in Trane Technologies in the 1st quarter valued at about $326,000. &PARTNERS grew its stake in Trane Technologies by 6.7% during the 1st quarter. &PARTNERS now owns 989 shares of the company's stock valued at $297,000 after purchasing an additional 62 shares in the last quarter. Douglas Lane & Associates LLC purchased a new stake in Trane Technologies during the 1st quarter worth approximately $225,000. Ballentine Partners LLC raised its position in shares of Trane Technologies by 5.9% in the 1st quarter. Ballentine Partners LLC now owns 1,997 shares of the company's stock valued at $599,000 after purchasing an additional 111 shares in the last quarter. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Trane Technologies during the 1st quarter valued at approximately $98,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TT shares. The Goldman Sachs Group lifted their price target on shares of Trane Technologies from $364.00 to $407.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 9th. Stephens reaffirmed an "equal weight" rating and set a $350.00 price target on shares of Trane Technologies in a research report on Monday, August 5th. Wells Fargo & Company boosted their price objective on Trane Technologies from $320.00 to $360.00 and gave the company an "underweight" rating in a report on Monday, October 7th. Morgan Stanley initiated coverage on Trane Technologies in a research note on Friday, September 6th. They set an "overweight" rating and a $425.00 price objective on the stock. Finally, Royal Bank of Canada lifted their target price on Trane Technologies from $334.00 to $350.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $373.58.

Trane Technologies Stock Performance

NYSE:TT traded down $1.74 during mid-day trading on Monday, hitting $400.80. The stock had a trading volume of 659,337 shares, compared to its average volume of 1,095,710. The company has a current ratio of 1.17, a quick ratio of 0.84 and a debt-to-equity ratio of 0.62. The company has a 50 day simple moving average of $370.73 and a 200-day simple moving average of $340.49. The stock has a market capitalization of $90.72 billion, a price-to-earnings ratio of 42.82, a P/E/G ratio of 2.75 and a beta of 1.01. Trane Technologies plc has a 52 week low of $184.02 and a 52 week high of $406.96.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.22. Trane Technologies had a return on equity of 33.97% and a net margin of 12.33%. The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.13 billion. During the same period in the previous year, the firm posted $2.68 earnings per share. The business's revenue was up 12.8% on a year-over-year basis. On average, research analysts expect that Trane Technologies plc will post 10.88 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be given a $0.84 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.36 dividend on an annualized basis and a yield of 0.84%. Trane Technologies's dividend payout ratio (DPR) is 35.90%.

Insider Buying and Selling at Trane Technologies

In other news, CEO David S. Regnery sold 29,450 shares of the firm's stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $321.25, for a total transaction of $9,460,812.50. Following the completion of the transaction, the chief executive officer now owns 132,946 shares in the company, valued at approximately $42,708,902.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO David S. Regnery sold 29,450 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $321.25, for a total transaction of $9,460,812.50. Following the completion of the sale, the chief executive officer now owns 132,946 shares in the company, valued at approximately $42,708,902.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Raymond D. Pittard sold 1,805 shares of Trane Technologies stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $328.65, for a total value of $593,213.25. Following the completion of the transaction, the executive vice president now owns 83,517 shares in the company, valued at $27,447,862.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.

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.