Trane Technologies plc (NYSE:TT) SVP Sells $70,806.78 in Stock

Trane Technologies plc (NYSE:TT) SVP Mairead Magner sold 198 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $357.61, for a total value of $70,806.78. Following the sale, the senior vice president now owns 13,401 shares of the company’s stock, valued at $4,792,331.61. The trade was a 1.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Mairead Magner also recently made the following trade(s):

• On Wednesday, December 4th, Mairead Magner sold 4,329 shares of Trane Technologies stock. The stock was sold at an average price of $416.00, for a total value of $1,800,864.00.

Trane Technologies Stock Down 0.2 %

NYSE TT traded down $0.88 during trading hours on Thursday, hitting $356.94. The company’s stock had a trading volume of 975,546 shares, compared to its average volume of 1,532,532. Trane Technologies plc has a 52 week low of $265.37 and a 52 week high of $422.00. The company has a market capitalization of $80.32 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58. The company’s 50-day simple moving average is $386.03 and its two-hundred day simple moving average is $377.10.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.09. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. Research analysts anticipate that Trane Technologies plc will post 12.79 EPS for the current fiscal year.

Trane Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $0.94 dividend. This is a positive change from Trane Technologies’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Friday, March 7th. This represents a $3.76 annualized dividend and a yield of 1.05%. Trane Technologies’s dividend payout ratio (DPR) is 29.87%.

Institutional Investors Weigh In On Trane Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Inceptionr LLC increased its stake in shares of Trane Technologies by 368.9% during the 4th quarter. Inceptionr LLC now owns 3,282 shares of the company’s stock worth $1,212,000 after purchasing an additional 2,582 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Trane Technologies during the 4th quarter worth approximately $611,322,000. Arizona State Retirement System increased its stake in shares of Trane Technologies by 0.3% during the 4th quarter. Arizona State Retirement System now owns 65,090 shares of the company’s stock worth $24,041,000 after purchasing an additional 190 shares during the last quarter. Proficio Capital Partners LLC increased its stake in shares of Trane Technologies by 28.3% during the 4th quarter. Proficio Capital Partners LLC now owns 685 shares of the company’s stock worth $253,000 after purchasing an additional 151 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of Trane Technologies by 3.5% during the 4th quarter. Assetmark Inc. now owns 19,459 shares of the company’s stock worth $7,187,000 after purchasing an additional 658 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analysts Set New Price Targets

TT has been the subject of several research analyst reports. HSBC downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price target for the company. in a report on Thursday, October 31st. Hsbc Global Res downgraded shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Melius Research reiterated a “hold” rating and set a $398.00 price target on shares of Trane Technologies in a report on Tuesday, January 28th. Barclays upped their price target on shares of Trane Technologies from $440.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Finally, Mizuho increased their price objective on Trane Technologies from $325.00 to $400.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $415.25.

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.