Trane Technologies plc (NYSE:TT) SVP Evan M. Turtz Sells 318 Shares

Trane Technologies plc (NYSE:TT - Get Free Report) SVP Evan M. Turtz sold 318 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $358.12, for a total transaction of $113,882.16. Following the completion of the transaction, the senior vice president now directly owns 20,513 shares in the company, valued at approximately $7,346,115.56. The trade was a 1.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Trane Technologies Price Performance

NYSE:TT traded up $2.30 during trading hours on Friday, reaching $363.58. 1,019,591 shares of the company were exchanged, compared to its average volume of 1,525,975. Trane Technologies plc has a twelve month low of $270.50 and a twelve month high of $422.00. 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. The stock's 50-day moving average is $378.44 and its 200-day moving average is $378.13. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58.

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, 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, sell-side analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $0.94 dividend. 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 1.03%. The ex-dividend date of this dividend is Friday, March 7th. Trane Technologies's payout ratio is currently 29.87%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TT shares. Melius lowered shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price objective for the company. in a research note on Tuesday, January 28th. Royal Bank of Canada lifted 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. Citigroup lowered 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. Wells Fargo & Company lowered their price target on shares of Trane Technologies from $380.00 to $360.00 and set an "underweight" rating for the company in a research note on Friday, January 31st. Finally, HSBC downgraded shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $405.00 price objective for the company. in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Trane Technologies has an average rating of "Hold" and an average price target of $415.25.

Institutional Investors Weigh In On Trane Technologies

Several institutional investors have recently made changes to their positions in the stock. Global Wealth Strategies & Associates acquired a new position in shares of Trane Technologies during the 4th quarter valued at about $26,000. MidAtlantic Capital Management Inc. bought a new position in Trane Technologies during the third quarter worth $27,000. DT Investment Partners LLC acquired a new stake in Trane Technologies in the third quarter worth $36,000. Sound Income Strategies LLC increased its position in Trane Technologies by 1,314.3% in the fourth quarter. Sound Income Strategies LLC now owns 99 shares of the company's stock worth $37,000 after buying an additional 92 shares during the period. Finally, Flagship Wealth Advisors LLC acquired a new position in shares of Trane Technologies during the fourth quarter valued at $37,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

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.