TD Private Client Wealth LLC Raises Position in Trane Technologies plc (NYSE:TT)

TD Private Client Wealth LLC raised its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 625.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,310 shares of the company's stock after purchasing an additional 6,303 shares during the quarter. TD Private Client Wealth LLC's holdings in Trane Technologies were worth $2,700,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Global Wealth Strategies & Associates acquired a new stake in Trane Technologies in the 4th quarter valued at approximately $26,000. Sound Income Strategies LLC grew its stake in shares of Trane Technologies by 1,314.3% in the fourth quarter. Sound Income Strategies LLC now owns 99 shares of the company's stock valued at $37,000 after buying an additional 92 shares in the last quarter. Flagship Wealth Advisors LLC purchased a new stake in shares of Trane Technologies in the 4th quarter valued at $37,000. Golden State Wealth Management LLC acquired a new position in Trane Technologies during the 4th quarter worth about $39,000. Finally, Legacy Investment Solutions LLC purchased a new position in Trane Technologies during the 3rd quarter valued at about $44,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Trane Technologies Stock Up 1.8 %

TT stock traded up $6.30 during midday trading on Tuesday, reaching $363.90. 1,492,951 shares of the company were exchanged, compared to its average volume of 1,170,625. The company has a market cap of $81.62 billion, a price-to-earnings ratio of 32.35, a price-to-earnings-growth ratio of 2.50 and a beta of 1.08. 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 1-year low of $286.32 and a 1-year high of $422.00. The stock's 50-day simple moving average is $360.50 and its 200 day simple moving average is $380.25.

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

Trane Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a 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 (DPR) is currently 33.42%.

Insiders Place Their Bets

In other Trane Technologies news, CFO Christopher J. Kuehn sold 770 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $358.39, for a total transaction of $275,960.30. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David S. Regnery sold 2,754 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $357.34, for a total transaction of $984,114.36. Following the completion of the sale, the chief executive officer now directly owns 132,969 shares of the company's stock, valued at $47,515,142.46. The trade was a 2.03 % decrease in their ownership of the stock. 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 over the last quarter. Company insiders own 0.38% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Melius Research reiterated a "hold" rating and set a $398.00 price target on shares of Trane Technologies in a research note on Tuesday, January 28th. Melius lowered shares of 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. Citigroup dropped their price target 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. JPMorgan Chase & Co. increased their price objective on Trane Technologies from $387.00 to $396.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company lowered their target price on Trane Technologies from $380.00 to $360.00 and set an "underweight" rating for the company in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $413.69.

About Trane Technologies

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.