Savant Capital LLC Raises Holdings in Trane Technologies plc (NYSE:TT)

Savant Capital LLC increased its position in Trane Technologies plc (NYSE:TT) by 70.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,383 shares of the company’s stock after buying an additional 2,226 shares during the period. Savant Capital LLC’s holdings in Trane Technologies were worth $1,313,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TT. Keel Point LLC increased its position in shares of Trane Technologies by 3.0% during the 4th quarter. Keel Point LLC now owns 1,326 shares of the company’s stock valued at $323,000 after purchasing an additional 39 shares during the last quarter. Rosenberg Matthew Hamilton increased its position in Trane Technologies by 27.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 192 shares of the company’s stock valued at $47,000 after acquiring an additional 41 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Trane Technologies by 2.3% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,847 shares of the company’s stock valued at $450,000 after acquiring an additional 42 shares during the period. Cedrus LLC lifted its holdings in shares of Trane Technologies by 2.6% in the 4th quarter. Cedrus LLC now owns 1,669 shares of the company’s stock worth $407,000 after acquiring an additional 43 shares during the last quarter. Finally, Certuity LLC boosted its stake in shares of Trane Technologies by 3.1% during the 3rd quarter. Certuity LLC now owns 1,549 shares of the company’s stock worth $314,000 after purchasing an additional 46 shares during the period. 82.97% of the stock is owned by institutional investors.

Trane Technologies Stock Up 0.8 %

Trane Technologies stock opened at $319.34 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 0.58. The firm has a market cap of $72.28 billion, a P/E ratio of 34.12, a P/E/G ratio of 2.52 and a beta of 1.01. The business has a fifty day moving average of $295.08 and a two-hundred day moving average of $257.16. Trane Technologies plc has a twelve month low of $162.04 and a twelve month high of $327.09.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. Trane Technologies had a return on equity of 32.78% and a net margin of 11.81%. The firm had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the prior year, the business posted $1.41 EPS. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. On average, analysts forecast that Trane Technologies plc will post 10.47 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $0.84 per share. The ex-dividend date is Thursday, June 6th. This represents a $3.36 annualized dividend and a dividend yield of 1.05%. Trane Technologies’s dividend payout ratio (DPR) is presently 35.90%.

Insider Activity at Trane Technologies

In other news, CFO Christopher J. Kuehn sold 3,762 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $286.48, for a total value of $1,077,737.76. Following the completion of the sale, the chief financial officer now owns 61,691 shares of the company’s stock, valued at approximately $17,673,237.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Evan M. Turtz sold 2,821 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $288.33, for a total value of $813,378.93. Following the transaction, the senior vice president now directly owns 20,729 shares of the company’s stock, valued at approximately $5,976,792.57. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Christopher J. Kuehn sold 3,762 shares of Trane Technologies stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $286.48, for a total value of $1,077,737.76. Following the sale, the chief financial officer now directly owns 61,691 shares of the company’s stock, valued at approximately $17,673,237.68. The disclosure for this sale can be found here. Insiders sold 28,237 shares of company stock valued at $8,024,534 over the last 90 days. Insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of Trane Technologies from $287.00 to $326.00 and gave the stock a “neutral” rating in a research report on Wednesday. Wells Fargo & Company boosted their price objective on Trane Technologies from $281.00 to $295.00 and gave the company an “underweight” rating in a report on Thursday. Stephens increased their target price on Trane Technologies from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Trane Technologies from $247.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Barclays upped their price target on shares of Trane Technologies from $286.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Trane Technologies has an average rating of “Hold” and a consensus price target of $300.54.

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.