FRG Family Wealth Advisors LLC Has $3.57 Million Stock Position in Trane Technologies plc (NYSE:TT)

FRG Family Wealth Advisors LLC lowered its stake in Trane Technologies plc (NYSE:TT - Free Report) by 10.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,654 shares of the company's stock after selling 1,079 shares during the quarter. FRG Family Wealth Advisors LLC's holdings in Trane Technologies were worth $3,566,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Global Wealth Strategies & Associates acquired a new stake in Trane Technologies during the 4th quarter worth about $26,000. Sound Income Strategies LLC boosted its holdings in shares of Trane Technologies by 1,314.3% during the fourth quarter. Sound Income Strategies LLC now owns 99 shares of the company's stock worth $37,000 after purchasing an additional 92 shares during the period. Flagship Wealth Advisors LLC purchased a new position in Trane Technologies during the fourth quarter valued at approximately $37,000. Golden State Wealth Management LLC acquired a new position in Trane Technologies in the 4th quarter valued at approximately $39,000. Finally, BankPlus Trust Department purchased a new stake in Trane Technologies in the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Trane Technologies Stock Performance

Shares of TT traded down $3.38 during mid-day trading on Tuesday, hitting $344.11. The company's stock had a trading volume of 458,977 shares, compared to its average volume of 1,284,865. The stock's 50-day moving average is $346.92 and its two-hundred day moving average is $376.13. The firm has a market capitalization of $77.18 billion, a PE ratio of 30.59, 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 one year low of $286.32 and a one year high of $422.00.

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Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings results 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 net margin of 12.94% and a return on equity of 35.37%. As a group, sell-side analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, June 6th. Trane Technologies's dividend payout ratio is presently 33.42%.

Insider Activity at Trane Technologies

In related news, SVP Evan M. Turtz sold 318 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $358.12, for a total value of $113,882.16. Following the sale, the senior vice president now owns 20,513 shares of the company's stock, valued at $7,346,115.56. The trade was a 1.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David S. Regnery sold 2,754 shares of Trane Technologies 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 transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,234 shares of company stock worth $2,588,102. 0.38% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TT shares. Royal Bank of Canada upped their price target on shares of Trane Technologies from $390.00 to $395.00 and gave the stock a "sector perform" rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. dropped their price objective on Trane Technologies from $396.00 to $323.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Melius cut shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 target price for the company. in a research note on Tuesday, January 28th. 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. Finally, UBS Group reduced their price objective on shares of Trane Technologies from $500.00 to $470.00 and set a "buy" rating for the company in a research note on Friday, January 31st. One equities 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $405.31.

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.