Stifel Financial Corp boosted its position in Trane Technologies plc (NYSE:TT - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 172,706 shares of the company's stock after buying an additional 2,769 shares during the period. Stifel Financial Corp owned approximately 0.08% of Trane Technologies worth $63,789,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Tidal Investments LLC boosted its stake in shares of Trane Technologies by 22.2% in the third quarter. Tidal Investments LLC now owns 15,827 shares of the company's stock worth $6,152,000 after buying an additional 2,874 shares during the last quarter. Synovus Financial Corp boosted 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 worth $3,431,000 after purchasing an additional 1,271 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Trane Technologies during the 4th quarter worth approximately $468,000. HB Wealth Management LLC increased its holdings in shares of Trane Technologies by 14.3% during the 4th quarter. HB Wealth Management LLC now owns 5,689 shares of the company's stock valued at $2,101,000 after purchasing an additional 711 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of Trane Technologies by 31.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 29,057 shares of the company's stock valued at $10,733,000 after purchasing an additional 6,910 shares during the period. Institutional investors and hedge funds own 82.97% of the company's stock.
Insider Buying and Selling
In other Trane Technologies news, 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 value of $984,114.36. Following the transaction, the chief executive officer now owns 132,969 shares of the company's stock, valued at $47,515,142.46. This represents a 2.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Christopher J. Kuehn sold 876 shares of Trane Technologies stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $357.42, for a total transaction of $313,099.92. Following the sale, the chief financial officer now owns 63,841 shares of the company's stock, valued at approximately $22,818,050.22. This represents a 1.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,234 shares of company stock worth $2,588,102. Company insiders own 0.38% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on TT. Wells Fargo & Company cut their price objective on shares of Trane Technologies from $380.00 to $360.00 and set an "underweight" rating for the company in a report on Friday, January 31st. Melius lowered Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price target for the company. in a research note on Tuesday, January 28th. UBS Group lowered their price target on Trane Technologies from $500.00 to $470.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Royal Bank of Canada upped their target price on Trane Technologies from $390.00 to $395.00 and gave the stock a "sector perform" rating in a research note on Friday, January 3rd. Finally, Citigroup dropped their price target on shares of Trane Technologies from $476.00 to $415.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. 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 stock. Based on data from MarketBeat, Trane Technologies presently has an average rating of "Hold" and a consensus price target of $405.31.
Check Out Our Latest Report on Trane Technologies
Trane Technologies Stock Performance
NYSE TT opened at $332.92 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21. The stock's fifty day moving average is $343.62 and its two-hundred day moving average is $373.91. The firm has a market capitalization of $74.67 billion, a P/E ratio of 29.59, a price-to-earnings-growth ratio of 2.50 and a beta of 1.08. Trane Technologies plc has a fifty-two week low of $291.37 and a fifty-two 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 (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%. On average, research analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current year.
Trane Technologies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Friday, June 6th. Trane Technologies's dividend payout ratio is presently 33.42%.
Trane Technologies Profile
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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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