Trane Technologies plc (NYSE:TT) CEO Sells $830,238.06 in Stock

Trane Technologies plc (NYSE:TT - Get Free Report) CEO David S. Regnery sold 2,318 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $358.17, for a total transaction of $830,238.06. Following the transaction, the chief executive officer now owns 126,831 shares of the company's stock, valued at approximately $45,427,059.27. The trade was a 1.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Trane Technologies Price Performance

Shares of TT stock traded up $2.30 during midday trading on Friday, reaching $363.58. 1,019,591 shares of the company traded hands, compared to its average volume of 1,525,975. The firm's 50 day simple moving average is $378.44 and its two-hundred day simple moving average is $378.13. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.21 and a quick ratio of 0.88. The firm has a market cap of $81.55 billion, a PE ratio of 32.32, a price-to-earnings-growth ratio of 2.44 and a beta of 1.05. Trane Technologies plc has a 1-year low of $270.50 and a 1-year high of $422.00.

Trane Technologies (NYSE:TT - Get Free Report) last posted its 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 research analysts expect that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Increases Dividend

The business 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 $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.03%. This is a boost from Trane Technologies's previous quarterly dividend of $0.84. The ex-dividend date is Friday, March 7th. Trane Technologies's payout ratio is 29.87%.

Hedge Funds Weigh In On Trane Technologies

A number of institutional investors have recently made changes to their positions in TT. Vanguard Group Inc. lifted its holdings in Trane Technologies by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 19,235,570 shares of the company's stock valued at $7,104,658,000 after purchasing an additional 152,353 shares in the last quarter. FMR LLC boosted its position in Trane Technologies by 4.0% during the third quarter. FMR LLC now owns 10,337,672 shares of the company's stock worth $4,018,563,000 after acquiring an additional 397,537 shares during the last quarter. State Street Corp boosted its position in Trane Technologies by 0.8% during the third quarter. State Street Corp now owns 9,769,161 shares of the company's stock worth $3,797,565,000 after acquiring an additional 77,830 shares during the last quarter. Geode Capital Management LLC boosted its position in Trane Technologies by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 4,775,263 shares of the company's stock worth $1,760,549,000 after acquiring an additional 136,349 shares during the last quarter. Finally, Norges Bank acquired a new stake in Trane Technologies during the fourth quarter worth approximately $1,117,816,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TT. Melius cut Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price objective for the company. in a research report on Tuesday, January 28th. Citigroup lowered their price target on Trane Technologies from $478.00 to $476.00 and set a "buy" rating for the company in a report on Monday, January 13th. Royal Bank of Canada raised their price objective on shares of Trane Technologies from $390.00 to $395.00 and gave the stock a "sector perform" rating in a report on Friday, January 3rd. UBS Group decreased their price objective on Trane Technologies from $500.00 to $470.00 and set a "buy" rating for the company in a report on Friday, January 31st. Finally, Robert W. Baird lowered their price objective on shares of Trane Technologies from $408.00 to $404.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $415.25.

Trane Technologies Company 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.