Turtle Creek Wealth Advisors LLC Has $7.24 Million Stock Holdings in Trane Technologies plc $TT

Turtle Creek Wealth Advisors LLC raised its stake in Trane Technologies plc (NYSE:TT) by 17.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 18,613 shares of the company’s stock after buying an additional 2,715 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Trane Technologies were worth $7,244,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Consulate Inc. bought a new position in shares of Trane Technologies in the 3rd quarter valued at $25,000. United Community Bank increased its stake in shares of Trane Technologies by 134.4% in the 3rd quarter. United Community Bank now owns 75 shares of the company’s stock valued at $32,000 after purchasing an additional 43 shares during the last quarter. JPL Wealth Management LLC bought a new position in shares of Trane Technologies in the 3rd quarter valued at $32,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Trane Technologies in the 3rd quarter valued at $42,000. Finally, Halbert Hargrove Global Advisors LLC increased its stake in shares of Trane Technologies by 34.2% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 102 shares of the company’s stock valued at $43,000 after purchasing an additional 26 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CAO Elizabeth A. Elwell sold 635 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $422.70, for a total value of $268,414.50. Following the completion of the transaction, the chief accounting officer owned 7,100 shares of the company’s stock, valued at $3,001,170. This represents a 8.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David S. Regnery sold 36,045 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $422.69, for a total value of $15,235,861.05. Following the completion of the transaction, the chief executive officer directly owned 96,948 shares of the company’s stock, valued at approximately $40,978,950.12. The trade was a 27.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 57,997 shares of company stock worth $25,107,014 in the last 90 days. 0.14% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TT shares. Melius Research upgraded Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 price target on the stock in a research note on Wednesday, January 7th. Barclays lifted their price target on Trane Technologies from $505.00 to $507.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Oppenheimer lifted their price target on Trane Technologies from $460.00 to $468.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. KeyCorp lifted their price target on Trane Technologies from $500.00 to $525.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, UBS Group decreased their price target on Trane Technologies from $544.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Trane Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $492.94.

Trane Technologies Price Performance

Shares of TT opened at $486.01 on Friday. Trane Technologies plc has a 12-month low of $334.37 and a 12-month high of $490.15. The business has a 50-day simple moving average of $445.28 and a two-hundred day simple moving average of $423.13. The company has a quick ratio of 0.92, a current ratio of 1.25 and a debt-to-equity ratio of 0.46. The stock has a market cap of $107.57 billion, a PE ratio of 37.44, a PEG ratio of 2.51 and a beta of 1.21.

Trane Technologies (NYSE:TT) last issued its earnings results on Thursday, January 29th. The company reported $2.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.05. Trane Technologies had a return on equity of 36.34% and a net margin of 13.69%.The business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.09 billion. During the same quarter in the prior year, the firm earned $2.61 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Analysts anticipate that Trane Technologies plc will post 14.76 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, June 5th. Trane Technologies’s dividend payout ratio is presently 32.36%.

Trane Technologies Company Profile

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.