Trane Technologies plc (NYSE:TT) Shares Purchased by Savant Capital LLC

Savant Capital LLC lifted its position in shares of Trane Technologies plc (NYSE:TT) by 70.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,383 shares of the company’s stock after acquiring an additional 2,226 shares during the period. Savant Capital LLC’s holdings in Trane Technologies were worth $1,313,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. BKM Wealth Management LLC bought a new position in Trane Technologies in the 4th quarter valued at about $25,000. Venturi Wealth Management LLC grew its stake in shares of Trane Technologies by 139.7% in the 3rd 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. Ancora Advisors LLC acquired a new position in Trane Technologies during the third quarter worth $40,000. Rosenberg Matthew Hamilton lifted its position in shares of Trane Technologies by 27.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 192 shares of the company’s stock worth $47,000 after buying an additional 41 shares during the last quarter. Finally, Operose Advisors LLC acquired a new stake in Trane Technologies in the 3rd quarter worth approximately $53,000. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Stock Performance

TT opened at $319.34 on Friday. Trane Technologies plc has a 1-year low of $162.04 and a 1-year high of $327.09. The company has a market cap of $72.28 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 2.52 and a beta of 1.01. The company’s fifty day moving average price is $295.08 and its two-hundred day moving average price is $257.16. The company has a current ratio of 1.13, a quick ratio of 0.78 and a debt-to-equity ratio of 0.58.

Trane Technologies (NYSE:TT) last posted its earnings results on Tuesday, April 30th. The company reported $1.94 earnings per share for the quarter, topping 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%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.41 EPS. On average, analysts expect that Trane Technologies plc will post 10.47 EPS for the current fiscal 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 given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, June 6th. Trane Technologies’s payout ratio is currently 35.90%.

Analysts Set New Price Targets

TT has been the subject of a number of research analyst reports. Mizuho upped their price target on Trane Technologies from $280.00 to $325.00 and gave the stock a “neutral” rating in a report on Wednesday. The Goldman Sachs Group increased their price target on Trane Technologies from $287.00 to $326.00 and gave the company a “neutral” rating in a research note on Wednesday. Royal Bank of Canada upped their target price on Trane Technologies from $231.00 to $246.00 and gave the company a “sector perform” rating in a research report on Friday, February 2nd. TD Cowen raised their price objective on Trane Technologies from $325.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Barclays boosted their target price on shares of Trane Technologies from $286.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $300.54.

Insiders Place Their Bets

In other news, SVP Keith A. Sultana sold 1,983 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $272.26, for a total value of $539,891.58. Following the transaction, the senior vice president now owns 42,575 shares in the company, valued at approximately $11,591,469.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Keith A. Sultana sold 1,983 shares of Trane Technologies stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $272.26, for a total transaction of $539,891.58. Following the sale, the senior vice president now directly owns 42,575 shares in the company, valued at approximately $11,591,469.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Christopher J. Kuehn sold 3,762 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $286.48, for a total transaction of $1,077,737.76. Following the sale, the chief financial officer now owns 61,691 shares of the company’s stock, valued at approximately $17,673,237.68. The disclosure for this sale can be found here. Insiders have sold 28,237 shares of company stock valued at $8,024,534 in the last three months. 0.39% of the stock is currently owned by insiders.

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.