Sagespring Wealth Partners LLC bought a new stake in Trane Technologies plc (NYSE:TT - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 8,287 shares of the company's stock, valued at approximately $3,061,000.
Several other large investors also recently bought and sold shares of TT. TD Private Client Wealth LLC raised its holdings in Trane Technologies by 7.1% in the third quarter. TD Private Client Wealth LLC now owns 1,007 shares of the company's stock valued at $391,000 after acquiring an additional 67 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Trane Technologies by 22.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 30,981 shares of the company's stock valued at $12,934,000 after purchasing an additional 5,740 shares in the last quarter. World Investment Advisors LLC grew its stake in shares of Trane Technologies by 5,253.1% during the third quarter. World Investment Advisors LLC now owns 34,581 shares of the company's stock worth $13,443,000 after purchasing an additional 33,935 shares in the last quarter. Sfmg LLC increased its holdings in Trane Technologies by 1.5% in the third quarter. Sfmg LLC now owns 2,441 shares of the company's stock valued at $949,000 after buying an additional 36 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Trane Technologies in the third quarter valued at $3,916,000. Hedge funds and other institutional investors own 82.97% of the company's stock.
Trane Technologies Stock Performance
Trane Technologies stock traded up $2.69 during trading hours on Friday, reaching $333.33. 2,243,922 shares of the stock were exchanged, compared to its average volume of 1,297,823. The stock has a market cap of $74.76 billion, a P/E ratio of 29.63, a P/E/G ratio of 2.50 and a beta of 1.08. The firm's 50 day moving average is $345.60 and its 200 day moving average is $375.21. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21. Trane Technologies plc has a 52-week low of $286.32 and a 52-week high of $422.00.
Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.61 earnings per share for the quarter, beating 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%. Analysts predict that Trane Technologies plc will post 12.83 EPS for the current fiscal year.
Trane Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.76 annualized dividend and a dividend yield of 1.13%. Trane Technologies's payout ratio is currently 33.42%.
Insider Transactions at Trane Technologies
In related 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 transaction of $275,960.30. Following the completion of the transaction, the chief financial officer now directly owns 62,221 shares of the company's stock, valued at approximately $22,299,384.19. The trade was a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO David S. Regnery sold 2,754 shares of Trane Technologies stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $357.34, for a total value of $984,114.36. Following the transaction, the chief executive officer now directly owns 132,969 shares of the company's stock, valued at $47,515,142.46. This trade represents a 2.03 % 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 ninety days. 0.38% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of research firms have recently commented on TT. Wells Fargo & Company dropped their price objective on Trane Technologies from $380.00 to $360.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on shares of Trane Technologies from $396.00 to $323.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada boosted their price objective 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. UBS Group cut 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, Citigroup dropped their price objective on Trane Technologies from $476.00 to $415.00 and set a "buy" rating on the stock in a report on Monday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Trane Technologies has a consensus rating of "Hold" and a consensus target price of $405.31.
Check Out Our Latest Analysis on Trane Technologies
Trane Technologies Company Profile
(
Free Report)
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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