Trane Technologies plc (NYSE:TT) Stock Holdings Lifted by Choreo LLC

Choreo LLC grew its position in Trane Technologies plc (NYSE:TT) by 39.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,675 shares of the company’s stock after purchasing an additional 1,039 shares during the period. Choreo LLC’s holdings in Trane Technologies were worth $896,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BKM Wealth Management LLC acquired a new stake in shares of Trane Technologies in the 4th quarter valued at $25,000. Venturi Wealth Management LLC lifted its position 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 worth $31,000 after buying an additional 88 shares during the last quarter. Ancora Advisors LLC bought a new stake in shares of Trane Technologies during the 3rd quarter worth about $40,000. Rosenberg Matthew Hamilton increased its holdings in shares of Trane Technologies by 27.2% during the 4th 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. Finally, Operose Advisors LLC bought a new position in shares of Trane Technologies in the 3rd quarter valued at approximately $53,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Trane Technologies Stock Down 0.7 %

TT opened at $315.08 on Thursday. Trane Technologies plc has a fifty-two week low of $162.04 and a fifty-two week high of $327.09. The company has a market capitalization of $71.39 billion, a P/E ratio of 33.66, a P/E/G ratio of 2.61 and a beta of 1.01. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.13 and a quick ratio of 0.78. The firm’s fifty day moving average price is $294.39 and its two-hundred day moving average price is $256.74.

Trane Technologies (NYSE:TT) last issued its earnings results on Tuesday, April 30th. The company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.30. The business 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%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.41 EPS. On average, analysts anticipate that Trane Technologies plc will post 10.49 EPS for the current year.

Trane Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, June 6th. Trane Technologies’s dividend payout ratio is 35.90%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Barclays increased their price target on Trane Technologies from $286.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada lifted their target price on shares of Trane Technologies from $231.00 to $246.00 and gave the stock a “sector perform” rating in a report on Friday, February 2nd. TD Cowen upped their price target on shares of Trane Technologies from $325.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup lifted their price objective on Trane Technologies from $355.00 to $366.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, The Goldman Sachs Group increased their target price on Trane Technologies from $287.00 to $326.00 and gave the company a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $288.38.

Insider Buying and Selling at Trane Technologies

In related news, CFO Christopher J. Kuehn sold 2,767 shares of Trane Technologies stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $268.31, for a total transaction of $742,413.77. Following the completion of the transaction, the chief financial officer now directly owns 54,788 shares of the company’s stock, valued at approximately $14,700,168.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Christopher J. Kuehn sold 2,767 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $268.31, for a total transaction of $742,413.77. Following the sale, the chief financial officer now directly owns 54,788 shares in the company, valued at approximately $14,700,168.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Keith A. Sultana sold 1,983 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $272.26, for a total value of $539,891.58. Following the sale, the senior vice president now directly owns 42,575 shares of the company’s stock, valued at $11,591,469.50. The disclosure for this sale can be found here. Insiders have sold 28,237 shares of company stock worth $8,024,534 over the last three months. Company insiders own 0.39% of the company’s stock.

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.