Crestwood Advisors Group LLC Has $9.82 Million Stake in Trane Technologies plc (NYSE:TT)

Crestwood Advisors Group LLC cut its stake in shares of Trane Technologies plc (NYSE:TT) by 0.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,584 shares of the company’s stock after selling 43 shares during the period. Crestwood Advisors Group LLC’s holdings in Trane Technologies were worth $9,819,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in Trane Technologies by 3.2% in the fourth quarter. IFP Advisors Inc now owns 2,783 shares of the company’s stock valued at $1,028,000 after purchasing an additional 85 shares in the last quarter. Birchcreek Wealth Management LLC lifted its holdings in shares of Trane Technologies by 11.6% during the 4th quarter. Birchcreek Wealth Management LLC now owns 1,719 shares of the company’s stock valued at $635,000 after buying an additional 178 shares during the last quarter. World Equity Group Inc. grew its stake in shares of Trane Technologies by 116.2% in the 4th quarter. World Equity Group Inc. now owns 1,280 shares of the company’s stock valued at $473,000 after buying an additional 688 shares in the last quarter. MONECO Advisors LLC increased its holdings in Trane Technologies by 18.9% in the fourth quarter. MONECO Advisors LLC now owns 975 shares of the company’s stock worth $360,000 after buying an additional 155 shares during the last quarter. Finally, Howard Capital Management Inc. bought a new position in Trane Technologies during the fourth quarter valued at approximately $527,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, CFO Christopher J. Kuehn sold 770 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $358.39, for a total value of $275,960.30. Following the sale, the chief financial officer now owns 62,221 shares of the company’s stock, valued at $22,299,384.19. The trade was a 1.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David S. Regnery sold 2,754 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was 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. The trade was a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,563 shares of company stock valued at $4,388,966 in the last quarter. Corporate insiders own 0.38% of the company’s stock.

Trane Technologies Trading Down 3.3 %

Shares of Trane Technologies stock opened at $354.56 on Monday. Trane Technologies plc has a 1 year low of $279.00 and a 1 year high of $422.00. The company’s fifty day simple moving average is $374.82 and its 200-day simple moving average is $380.23. The company has a market cap of $79.52 billion, a price-to-earnings ratio of 31.52, a PEG ratio of 2.50 and a beta of 1.05. 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) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 expect that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 1.06%. This is a positive change from Trane Technologies’s previous quarterly dividend of $0.84. 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

TT has been the subject of several recent research reports. Northcoast Research began coverage on shares of Trane Technologies in a research report on Friday, November 22nd. They issued a “buy” rating and a $500.00 target price for the company. Wells Fargo & Company decreased 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. Citigroup cut their target price on Trane Technologies from $478.00 to $476.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Royal Bank of Canada boosted their price target on Trane Technologies from $390.00 to $395.00 and gave the stock a “sector perform” rating in a research report on Friday, January 3rd. Finally, Barclays increased their price objective on Trane Technologies from $440.00 to $500.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $415.25.

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.