1,437 Trane Technologies plc $TT Shares Acquired by Integrity Alliance LLC.

Integrity Alliance LLC. boosted its stake in Trane Technologies plc (NYSE:TT) by 58.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,903 shares of the company’s stock after buying an additional 1,437 shares during the period. Integrity Alliance LLC.’s holdings in Trane Technologies were worth $1,764,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Toth Financial Advisory Corp lifted its holdings in Trane Technologies by 10.6% during the 3rd quarter. Toth Financial Advisory Corp now owns 239 shares of the company’s stock worth $108,000 after purchasing an additional 23 shares during the last quarter. ZWJ Investment Counsel Inc. lifted its holdings in shares of Trane Technologies by 1.9% during the third quarter. ZWJ Investment Counsel Inc. now owns 1,257 shares of the company’s stock worth $568,000 after buying an additional 23 shares in the last quarter. Cornerstone Planning Group LLC boosted its position in shares of Trane Technologies by 14.5% in the first quarter. Cornerstone Planning Group LLC now owns 190 shares of the company’s stock valued at $79,000 after acquiring an additional 24 shares during the period. NFSG Corp grew its stake in shares of Trane Technologies by 4.8% in the first quarter. NFSG Corp now owns 546 shares of the company’s stock valued at $228,000 after acquiring an additional 25 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC increased its position in Trane Technologies by 15.0% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 192 shares of the company’s stock worth $80,000 after acquiring an additional 25 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insider Transactions at Trane Technologies

In other news, CEO David Regnery sold 48,091 shares of the business’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $480.00, for a total value of $23,083,680.00. Following the transaction, the chief executive officer owned 96,951 shares in the company, valued at approximately $46,536,480. The trade was a 33.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Trane Technologies Trading Down 1.7%

TT opened at $410.31 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 0.79. Trane Technologies plc has a fifty-two week low of $348.06 and a fifty-two week high of $505.87. The company’s 50 day moving average price is $448.16 and its two-hundred day moving average price is $454.37. The firm has a market capitalization of $89.82 billion, a price-to-earnings ratio of 28.48, a PEG ratio of 1.96 and a beta of 1.19.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Thursday, October 29th. The company reported $4.86 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.12. The company had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.50 billion. Trane Technologies had a net margin of 13.56% and a return on equity of 37.26%. Trane Technologies’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.88 earnings per share. As a group, research analysts predict that Trane Technologies plc will post 15.29 earnings per share for the current year.

Trane Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Friday, December 4th will be issued a dividend of $1.05 per share. The ex-dividend date is Friday, December 4th. This represents a $4.20 annualized dividend and a yield of 1.0%. Trane Technologies’s dividend payout ratio (DPR) is presently 29.66%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Evercore increased their target price on shares of Trane Technologies from $560.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reduced their price target on Trane Technologies from $515.00 to $499.00 and set a “hold” rating on the stock in a research report on Wednesday, September 30th. Weiss Ratings upgraded Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 10th. BNP Paribas Exane upped their price objective on shares of Trane Technologies from $560.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, Citigroup lowered their price target on Trane Technologies from $566.00 to $549.00 and set a “buy” rating for the company in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Trane Technologies has an average rating of “Moderate Buy” and an average price target of $535.89.

About Trane Technologies

Trane Technologies plc is a global climate technology company that develops solutions for heating, ventilation, air conditioning, refrigeration and building management. Its products and services are designed to improve indoor comfort, energy efficiency and the sustainability of commercial, industrial, residential and institutional buildings.

The company operates through well-known brands including Trane, Thermo King and Frigoblock. Trane provides HVAC equipment, building controls, digital solutions, maintenance and energy services, while Thermo King and Frigoblock offer temperature-control systems for refrigerated transportation.