Collective Family Office LLC Buys New Stake in Trane Technologies plc (NYSE:TT)

Collective Family Office LLC purchased a new stake in Trane Technologies plc (NYSE:TT – Get Rating) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 1,334 shares of the company’s stock, valued at approximately $224,000.

Other institutional investors also recently bought and sold shares of the company. Bartlett & Co. LLC raised its holdings in Trane Technologies by 155.4% in the 4th quarter. Bartlett & Co. LLC now owns 189 shares of the company’s stock valued at $32,000 after acquiring an additional 115 shares during the last quarter. 1832 Asset Management L.P. acquired a new position in Trane Technologies in the 1st quarter valued at $34,000. Heritage Wealth Management LLC acquired a new stake in shares of Trane Technologies during the 2nd quarter worth $31,000. CI Investments Inc. increased its holdings in shares of Trane Technologies by 1,007.1% during the 3rd quarter. CI Investments Inc. now owns 310 shares of the company’s stock worth $45,000 after buying an additional 282 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Trane Technologies by 70.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 363 shares of the company’s stock worth $53,000 after buying an additional 150 shares during the last quarter. 81.47% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Stock Performance

NYSE:TT opened at $177.53 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.12 and a quick ratio of 0.77. The firm has a 50-day moving average of $181.96 and a two-hundred day moving average of $169.74. The stock has a market cap of $40.67 billion, a P/E ratio of 23.70, a PEG ratio of 2.22 and a beta of 1.00. Trane Technologies plc has a 1-year low of $120.64 and a 1-year high of $196.22.

Trane Technologies (NYSE:TT – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.18. The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.94 billion. Trane Technologies had a net margin of 10.98% and a return on equity of 29.14%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.36 EPS. On average, research analysts expect that Trane Technologies plc will post 8.34 earnings per share for the current fiscal year.

Trane Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 3rd will be given a dividend of $0.75 per share. This is a boost from Trane Technologies’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, March 2nd. This represents a $3.00 annualized dividend and a dividend yield of 1.69%. Trane Technologies’s dividend payout ratio (DPR) is presently 40.05%.

Insider Transactions at Trane Technologies

In other news, EVP Raymond D. Pittard sold 23,003 shares of the stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $170.42, for a total transaction of $3,920,171.26. Following the transaction, the executive vice president now owns 87,718 shares of the company’s stock, valued at $14,948,901.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Trane Technologies news, SVP Evan M. Turtz sold 462 shares of the firm’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $186.02, for a total value of $85,941.24. Following the transaction, the senior vice president now owns 17,573 shares of the company’s stock, valued at $3,268,929.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Raymond D. Pittard sold 23,003 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $170.42, for a total transaction of $3,920,171.26. Following the completion of the transaction, the executive vice president now directly owns 87,718 shares in the company, valued at approximately $14,948,901.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,970 shares of company stock valued at $6,927,921. Insiders own 0.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TT shares. Stephens upped their price objective on Trane Technologies from $170.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday, February 6th. Barclays upped their price objective on Trane Technologies from $190.00 to $193.00 and gave the stock an “overweight” rating in a report on Thursday, January 5th. Royal Bank of Canada upped their price objective on Trane Technologies from $164.00 to $177.00 and gave the stock a “sector perform” rating in a report on Friday, February 3rd. Citigroup upped their price objective on Trane Technologies from $204.00 to $218.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. Finally, The Goldman Sachs Group upped their price objective on Trane Technologies from $178.00 to $203.00 and gave the stock a “neutral” rating in a report on Monday, February 6th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Trane Technologies presently has an average rating of “Hold” and an average target price of $183.78.

Trane Technologies Profile

(Get Rating)

Trane Technologies Plc engages in providing solutions to buildings, homes, and transportation. It operates through the following business segments: Americas, EMEA, and Asia Pacific. The Americas segment encompasses commercial heating and cooling systems, building controls, and energy services and solutions, residential heating and cooling, and transport refrigeration systems, and solutions in North America and Latin America regions.