FineMark National Bank & Trust Sells 2,038 Shares of Trane Technologies plc (NYSE:TT)

FineMark National Bank & Trust trimmed its stake in Trane Technologies plc (NYSE:TT - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,509 shares of the company's stock after selling 2,038 shares during the quarter. FineMark National Bank & Trust's holdings in Trane Technologies were worth $19,394,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TT. Global Wealth Strategies & Associates bought a new stake in Trane Technologies in the 4th quarter valued at about $26,000. Sound Income Strategies LLC raised its position 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 acquired a new stake in Trane Technologies during the fourth quarter worth approximately $37,000. Golden State Wealth Management LLC bought a new position in Trane Technologies during the 4th quarter worth $39,000. Finally, Legacy Investment Solutions LLC acquired a new position in Trane Technologies in the 3rd quarter valued at $44,000. Institutional investors own 82.97% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on TT. UBS Group reduced their target price on Trane Technologies from $500.00 to $470.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Barclays reduced their price objective on shares of Trane Technologies from $500.00 to $475.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Royal Bank of Canada boosted their target price on shares of Trane Technologies from $390.00 to $395.00 and gave the company a "sector perform" rating in a research report on Friday, January 3rd. Wells Fargo & Company reduced their price target on shares of Trane Technologies from $380.00 to $360.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. Finally, Melius Research restated a "hold" rating and set a $398.00 price objective on shares of Trane Technologies in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Trane Technologies has a consensus rating of "Hold" and a consensus target price of $413.69.

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Trane Technologies Trading Down 3.4 %

Shares of NYSE:TT traded down $11.90 during mid-day trading on Friday, reaching $334.70. 676,356 shares of the company's stock were exchanged, compared to its average volume of 1,247,184. 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 twelve month low of $286.32 and a twelve month high of $422.00. The firm has a market capitalization of $75.07 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 2.50 and a beta of 1.08. The business's fifty day moving average price is $358.99 and its 200-day moving average price is $379.82.

Trane Technologies (NYSE:TT - Get Free Report) last announced its 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 return on equity of 35.37% and a net margin of 12.94%. On average, research analysts predict that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $0.94 dividend. The ex-dividend date is Friday, March 7th. This is a boost from Trane Technologies's previous quarterly dividend of $0.84. This represents a $3.76 annualized dividend and a yield of 1.12%. Trane Technologies's dividend payout ratio is presently 33.42%.

Insider Buying and Selling at Trane Technologies

In other news, SVP Evan M. Turtz sold 318 shares of Trane Technologies stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $358.12, for a total value of $113,882.16. Following the completion of the transaction, the senior vice president now directly owns 20,513 shares of the company's stock, valued at approximately $7,346,115.56. This trade represents a 1.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Mairead Magner sold 198 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $357.61, for a total value of $70,806.78. Following the sale, the senior vice president now owns 13,401 shares in the company, valued at approximately $4,792,331.61. The trade was a 1.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,234 shares of company stock valued at $2,588,102. 0.38% of the stock is currently owned by company insiders.

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.