Atria Investments Inc Has $13.48 Million Position in Trane Technologies plc (NYSE:TT)

Atria Investments Inc lowered its holdings in shares of Trane Technologies plc (NYSE:TT) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,503 shares of the company’s stock after selling 2,178 shares during the quarter. Atria Investments Inc’s holdings in Trane Technologies were worth $13,483,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Assetmark Inc. grew its holdings in shares of Trane Technologies by 3.5% during the fourth quarter. Assetmark Inc. now owns 19,459 shares of the company’s stock worth $7,187,000 after buying an additional 658 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Trane Technologies by 38.4% during the fourth quarter. Victory Capital Management Inc. now owns 262,357 shares of the company’s stock worth $96,902,000 after buying an additional 72,853 shares in the last quarter. Keybank National Association OH grew its holdings in shares of Trane Technologies by 3.1% during the fourth quarter. Keybank National Association OH now owns 27,884 shares of the company’s stock worth $10,299,000 after buying an additional 831 shares in the last quarter. Exencial Wealth Advisors LLC grew its holdings in shares of Trane Technologies by 11.7% during the fourth quarter. Exencial Wealth Advisors LLC now owns 2,626 shares of the company’s stock worth $970,000 after buying an additional 276 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its holdings in shares of Trane Technologies by 55.0% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 1,333 shares of the company’s stock worth $495,000 after buying an additional 473 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on TT shares. Melius Research reiterated a “hold” rating and set a $398.00 price objective on shares of Trane Technologies in a report on Tuesday, January 28th. Barclays increased their price objective on Trane Technologies from $440.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. increased their price objective on Trane Technologies from $387.00 to $396.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Northcoast Research assumed coverage on Trane Technologies in a research note on Friday, November 22nd. They issued a “buy” rating and a $500.00 price target for the company. Finally, Melius downgraded Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 price target for the company. in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Trane Technologies has a consensus rating of “Hold” and an average price target of $415.25.

Trane Technologies Stock Performance

TT opened at $348.78 on Thursday. Trane Technologies plc has a 12-month low of $279.00 and a 12-month high of $422.00. The stock has a market cap of $78.23 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 2.50 and a beta of 1.08. The business has a 50 day moving average of $369.25 and a 200-day moving average of $380.46. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.09. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. On average, equities research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $0.94 per share. This is a boost from Trane Technologies’s previous quarterly dividend of $0.84. This represents a $3.76 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Friday, March 7th. Trane Technologies’s dividend payout ratio (DPR) is presently 29.87%.

Insider Buying and Selling

In related news, SVP Mairead Magner sold 198 shares of Trane Technologies stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $357.61, for a total transaction of $70,806.78. Following the completion of the sale, the senior vice president now directly owns 13,401 shares of the company’s stock, valued at approximately $4,792,331.61. This trade represents a 1.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David S. Regnery sold 2,754 shares of Trane Technologies 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 sale, the chief executive officer now directly owns 132,969 shares of the company’s stock, valued at approximately $47,515,142.46. The trade was a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,234 shares of company stock valued at $2,588,102. Insiders own 0.38% of the company’s stock.

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.