Trane Technologies plc (NYSE:TT) Shares Acquired by Mission Wealth Management LP

Mission Wealth Management LP lifted its holdings in shares of Trane Technologies plc (NYSE:TT) by 9.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,857 shares of the company’s stock after buying an additional 164 shares during the period. Mission Wealth Management LP’s holdings in Trane Technologies were worth $453,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. BKM Wealth Management LLC purchased a new stake in shares of Trane Technologies during the fourth quarter worth approximately $25,000. Venturi Wealth Management LLC boosted its holdings in shares of Trane Technologies by 139.7% in the third quarter. Venturi Wealth Management LLC now owns 151 shares of the company’s stock valued at $31,000 after acquiring an additional 88 shares in the last quarter. Ancora Advisors LLC acquired a new position in shares of Trane Technologies during the third quarter worth about $40,000. Rosenberg Matthew Hamilton lifted its position in Trane Technologies by 27.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 192 shares of the company’s stock valued at $47,000 after purchasing an additional 41 shares during the period. Finally, Operose Advisors LLC purchased a new stake in Trane Technologies in the 3rd quarter valued at approximately $53,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

TT has been the subject of several recent analyst reports. Wells Fargo & Company raised their price target on Trane Technologies from $281.00 to $295.00 and gave the company an “underweight” rating in a report on Thursday. Stephens raised their price objective on shares of Trane Technologies from $310.00 to $320.00 and gave the company an “equal weight” rating in a research note on Wednesday. Royal Bank of Canada upped their target price on shares of Trane Technologies from $231.00 to $246.00 and gave the stock a “sector perform” rating in a research report on Friday, February 2nd. Mizuho raised their price objective on Trane Technologies from $280.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Robert W. Baird boosted their target price on Trane Technologies from $315.00 to $344.00 and gave the stock a “neutral” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $300.54.

Insiders Place Their Bets

In other news, CEO David S. Regnery sold 6,990 shares of Trane Technologies stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $286.19, for a total transaction of $2,000,468.10. Following the sale, the chief executive officer now owns 113,874 shares in the company, valued at $32,589,600.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Trane Technologies news, SVP Keith A. Sultana sold 1,983 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $272.26, for a total transaction of $539,891.58. Following the completion of the sale, the senior vice president now owns 42,575 shares in the company, valued at $11,591,469.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David S. Regnery sold 6,990 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $286.19, for a total transaction of $2,000,468.10. Following the completion of the transaction, the chief executive officer now owns 113,874 shares in the company, valued at $32,589,600.06. The disclosure for this sale can be found here. Insiders sold a total of 28,237 shares of company stock worth $8,024,534 over the last ninety days. 0.39% of the stock is owned by company insiders.

Trane Technologies Stock Up 0.6 %

Shares of NYSE TT opened at $316.80 on Friday. Trane Technologies plc has a 1 year low of $162.04 and a 1 year high of $327.09. The firm’s 50 day moving average price is $295.08 and its 200 day moving average price is $257.16. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.78 and a current ratio of 1.13. The firm has a market cap of $71.71 billion, a P/E ratio of 33.85, a price-to-earnings-growth ratio of 2.50 and a beta of 1.01.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. The company had revenue of $4.22 billion for the quarter, compared to analyst estimates of $3.99 billion. Trane Technologies had a net margin of 11.81% and a return on equity of 32.78%. Trane Technologies’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the business earned $1.41 EPS. As a group, sell-side analysts anticipate that Trane Technologies plc will post 10.47 earnings per share for the current year.

Trane Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $3.36 dividend on an annualized basis and a yield of 1.06%. Trane Technologies’s dividend payout ratio (DPR) is 35.90%.

Trane Technologies Company 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.