Trane Technologies plc (NYSE:TT) EVP Paul A. Camuti Sells 508 Shares of Stock

Trane Technologies plc (NYSE:TTGet Free Report) EVP Paul A. Camuti sold 508 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $273.34, for a total value of $138,856.72. Following the sale, the executive vice president now owns 89,447 shares in the company, valued at approximately $24,449,442.98. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Trane Technologies Stock Performance

Shares of Trane Technologies stock opened at $271.92 on Tuesday. The firm’s fifty day simple moving average is $248.15 and its 200-day simple moving average is $221.46. Trane Technologies plc has a 12 month low of $162.04 and a 12 month high of $278.81. The stock has a market capitalization of $61.88 billion, a price-to-earnings ratio of 30.94, a PEG ratio of 2.15 and a beta of 1.03. 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 (NYSE:TTGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.13 by $0.04. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. The company had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.43 billion. During the same period in the previous year, the business posted $1.82 earnings per share. Trane Technologies’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities analysts forecast that Trane Technologies plc will post 10.19 earnings per share for the current year.

Trane Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 1.24%. This is a boost from Trane Technologies’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, February 29th. Trane Technologies’s dividend payout ratio (DPR) is presently 38.23%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. BKM Wealth Management LLC acquired a new position in shares of Trane Technologies during the fourth quarter worth about $25,000. Motco acquired a new position in Trane Technologies during the 4th quarter worth approximately $27,000. Sachetta LLC purchased a new position in shares of Trane Technologies during the 4th quarter worth approximately $27,000. Live Oak Investment Partners acquired a new stake in shares of Trane Technologies in the 4th quarter valued at approximately $30,000. Finally, Venturi Wealth Management LLC boosted its stake 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 buying an additional 88 shares in the last quarter. 80.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TT. The Goldman Sachs Group upped their target price on shares of Trane Technologies from $253.00 to $287.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Citigroup lifted their price objective on shares of Trane Technologies from $246.00 to $269.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Stephens increased their target price on Trane Technologies from $235.00 to $280.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Barclays raised their price target on Trane Technologies from $222.00 to $226.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. Finally, Wells Fargo & Company upped their price objective on Trane Technologies from $200.00 to $246.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Trane Technologies currently has a consensus rating of “Hold” and a consensus target price of $231.71.

Check Out Our Latest Stock Analysis on TT

Trane Technologies Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Trane Technologies (NYSE:TT)

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