Caitlin John LLC Raises Stake in Trane Technologies plc (NYSE:TT)

Caitlin John LLC grew its holdings in Trane Technologies plc (NYSE:TT) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,676 shares of the company’s stock after purchasing an additional 132 shares during the quarter. Trane Technologies makes up about 1.1% of Caitlin John LLC’s portfolio, making the stock its 29th biggest holding. Caitlin John LLC’s holdings in Trane Technologies were worth $1,727,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Global Wealth Strategies & Associates purchased a new position in Trane Technologies in the 4th quarter valued at about $26,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Trane Technologies in the 3rd quarter worth approximately $27,000. DT Investment Partners LLC bought a new stake in Trane Technologies during the third quarter valued at $36,000. Sound Income Strategies LLC grew its position in shares of Trane Technologies by 1,314.3% during the 4th quarter. Sound Income Strategies LLC now owns 99 shares of the company’s stock valued at $37,000 after buying an additional 92 shares during the last quarter. Finally, Pittenger & Anderson Inc. acquired a new stake in shares of Trane Technologies during the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Buying and Selling

In related news, SVP Mairead Magner sold 4,329 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total value of $1,800,864.00. Following the transaction, the senior vice president now owns 12,893 shares in the company, valued at approximately $5,363,488. This represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.38% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Hsbc Global Res downgraded shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. HSBC cut Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 target price on the stock. in a research report on Thursday, October 31st. Melius lowered Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 price target for the company. in a research report on Tuesday, January 28th. Royal Bank of Canada raised their price target on Trane Technologies from $390.00 to $395.00 and gave the company a “sector perform” rating in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Trane Technologies from $387.00 to $396.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Trane Technologies presently has an average rating of “Hold” and an average target price of $415.25.

Trane Technologies Stock Up 0.6 %

Shares of Trane Technologies stock opened at $357.47 on Thursday. Trane Technologies plc has a 1 year low of $265.37 and a 1 year high of $422.00. The company has a market cap of $80.44 billion, a P/E ratio of 31.78, a P/E/G ratio of 2.18 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. The stock has a 50-day moving average price of $386.03 and a 200 day moving average price of $377.10.

Trane Technologies (NYSE:TT) last posted its quarterly 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 net margin of 12.94% and a return on equity of 35.37%. As a group, analysts expect that Trane Technologies plc will post 12.79 EPS for the current fiscal year.

Trane Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $0.94 dividend. This is an increase from Trane Technologies’s previous quarterly dividend of $0.84. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.05%. Trane Technologies’s dividend payout ratio is 29.87%.

Trane Technologies 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.