Signaturefd LLC Acquires 1,354 Shares of Trane Technologies plc (NYSE:TT)

Signaturefd LLC boosted its holdings in Trane Technologies plc (NYSE:TT) by 25.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,700 shares of the company’s stock after buying an additional 1,354 shares during the period. Signaturefd LLC’s holdings in Trane Technologies were worth $1,634,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new position in Trane Technologies in the first quarter worth $178,000. Blair William & Co. IL lifted its stake in shares of Trane Technologies by 3.0% during the first quarter. Blair William & Co. IL now owns 16,727 shares of the company’s stock valued at $2,554,000 after acquiring an additional 495 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Trane Technologies during the first quarter valued at $219,000. Vanguard Group Inc. increased its holdings in shares of Trane Technologies by 0.4% in the first quarter. Vanguard Group Inc. now owns 18,133,851 shares of the company’s stock worth $2,769,040,000 after acquiring an additional 77,924 shares in the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of Trane Technologies by 3.8% in the first quarter. Mackenzie Financial Corp now owns 956,177 shares of the company’s stock worth $146,008,000 after acquiring an additional 34,591 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

Trane Technologies Trading Down 0.4 %

Shares of TT stock opened at $288.27 on Monday. The company’s fifty day simple moving average is $289.67 and its two-hundred day simple moving average is $251.65. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.13 and a quick ratio of 0.78. Trane Technologies plc has a 1 year low of $162.04 and a 1 year high of $306.98. The stock has a market capitalization of $65.46 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 2.43 and a beta of 1.05.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Thursday, February 1st. The company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.04. The firm had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.43 billion. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.82 earnings per share. As a group, analysts anticipate that Trane Technologies plc will post 10.2 earnings per share for the current year.

Trane Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a $0.84 dividend. The ex-dividend date is Thursday, June 6th. This represents a $3.36 annualized dividend and a yield of 1.17%. Trane Technologies’s dividend payout ratio (DPR) is presently 38.23%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Stephens increased their price target on Trane Technologies from $235.00 to $280.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Barclays upped their price objective on Trane Technologies from $286.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Citigroup raised their price target on Trane Technologies from $309.00 to $355.00 and gave the company a “buy” rating in a research note on Monday, April 8th. The Goldman Sachs Group increased their price objective on Trane Technologies from $253.00 to $287.00 and gave the company a “neutral” rating in a report on Monday, February 5th. Finally, Royal Bank of Canada increased their price target on Trane Technologies from $231.00 to $246.00 and gave the company a “sector perform” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $251.83.

Insider Buying and Selling

In other Trane Technologies news, SVP Keith A. Sultana sold 1,637 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $267.74, for a total transaction of $438,290.38. Following the completion of the sale, the senior vice president now directly owns 42,374 shares in the company, valued at $11,345,214.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Trane Technologies news, SVP Keith A. Sultana sold 1,637 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $267.74, for a total transaction of $438,290.38. Following the completion of the sale, the senior vice president now directly owns 42,374 shares in the company, valued at $11,345,214.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Keith A. Sultana sold 1,983 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $272.26, for a total transaction of $539,891.58. Following the sale, the senior vice president now owns 42,575 shares of the company’s stock, valued at $11,591,469.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,874 shares of company stock worth $8,462,825. Corporate insiders own 0.39% of the company’s stock.

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.