Trane Technologies plc (NYSE:TT) Position Increased by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC raised its position in shares of Trane Technologies plc (NYSE:TT) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,374 shares of the company’s stock after buying an additional 466 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Trane Technologies were worth $21,191,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TT. Swedbank AB lifted its stake in Trane Technologies by 2.8% during the third quarter. Swedbank AB now owns 743,794 shares of the company’s stock valued at $289,135,000 after buying an additional 20,400 shares in the last quarter. Gladstone Institutional Advisory LLC purchased a new stake in shares of Trane Technologies in the third quarter worth approximately $632,000. Farther Finance Advisors LLC lifted its position in shares of Trane Technologies by 34.0% in the third quarter. Farther Finance Advisors LLC now owns 2,716 shares of the company’s stock worth $1,056,000 after purchasing an additional 689 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of Trane Technologies by 7.1% in the third quarter. Chicago Partners Investment Group LLC now owns 2,782 shares of the company’s stock worth $1,101,000 after purchasing an additional 185 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Trane Technologies by 10.4% in the third quarter. Van ECK Associates Corp now owns 49,620 shares of the company’s stock worth $19,641,000 after purchasing an additional 4,693 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trane Technologies

In other news, CEO David S. Regnery sold 2,754 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $357.34, for a total value of $984,114.36. Following the completion of the sale, the chief executive officer now directly owns 132,969 shares of the company’s stock, valued at approximately $47,515,142.46. This represents a 2.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mairead Magner sold 4,329 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total value of $1,800,864.00. Following the completion of the sale, the senior vice president now directly owns 12,893 shares of the company’s stock, valued at $5,363,488. This represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,563 shares of company stock worth $4,388,966 over the last 90 days. Insiders own 0.38% of the company’s stock.

Trane Technologies Trading Down 2.4 %

Shares of TT stock opened at $345.30 on Tuesday. Trane Technologies plc has a 12 month low of $279.00 and a 12 month high of $422.00. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $370.62 and its two-hundred day moving average is $380.68. The company has a market cap of $77.45 billion, a PE ratio of 30.69, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.52 by $0.09. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. Equities analysts predict that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 1.09%. The ex-dividend date is Friday, March 7th. This is an increase from Trane Technologies’s previous quarterly dividend of $0.84. Trane Technologies’s dividend payout ratio (DPR) is 29.87%.

Wall Street Analyst Weigh In

TT has been the subject of a number of research analyst reports. Royal Bank of Canada increased their price target on shares of Trane Technologies from $390.00 to $395.00 and gave the stock a “sector perform” rating in a research report on Friday, January 3rd. Northcoast Research initiated coverage on shares of Trane Technologies in a research report on Friday, November 22nd. They issued a “buy” rating and a $500.00 price target for the company. Melius lowered shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 price target for the company. in a research report on Tuesday, January 28th. Barclays increased their price target on shares of Trane Technologies from $440.00 to $500.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Finally, Melius Research restated a “hold” rating and issued a $398.00 price objective on shares of Trane Technologies in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $415.25.

About Trane Technologies

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.