Private Advisor Group LLC Has $3.82 Million Stock Position in Trane Technologies plc (NYSE:TT)

Private Advisor Group LLC raised its holdings in Trane Technologies plc (NYSE:TT) by 20.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,342 shares of the company’s stock after purchasing an additional 1,789 shares during the quarter. Private Advisor Group LLC’s holdings in Trane Technologies were worth $3,820,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TT. Bryn Mawr Capital Management LLC boosted its stake in Trane Technologies by 733.8% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 8,280 shares of the company’s stock valued at $3,058,000 after buying an additional 7,287 shares in the last quarter. TKG Advisors LLC lifted its holdings in shares of Trane Technologies by 5.3% in the fourth quarter. TKG Advisors LLC now owns 13,703 shares of the company’s stock worth $5,493,000 after acquiring an additional 685 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of Trane Technologies by 7.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,856 shares of the company’s stock valued at $686,000 after purchasing an additional 133 shares in the last quarter. New York State Common Retirement Fund increased its position in Trane Technologies by 1.2% during the 4th quarter. New York State Common Retirement Fund now owns 365,429 shares of the company’s stock worth $134,971,000 after purchasing an additional 4,443 shares in the last quarter. Finally, Prossimo Advisors LLC increased its position in Trane Technologies by 0.7% during the 4th quarter. Prossimo Advisors LLC now owns 4,463 shares of the company’s stock worth $1,648,000 after purchasing an additional 32 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Insider Activity at Trane Technologies

In related news, CFO Christopher J. Kuehn sold 770 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $358.39, for a total transaction of $275,960.30. Following the transaction, the chief financial officer now directly owns 62,221 shares in the company, valued at approximately $22,299,384.19. The trade was a 1.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mairead Magner sold 4,329 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total value of $1,800,864.00. Following the completion of the transaction, the senior vice president now owns 12,893 shares in the company, valued at $5,363,488. The trade was a 25.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,563 shares of company stock valued at $4,388,966 in the last three months. Corporate insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on TT. Robert W. Baird decreased their target price on shares of Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Hsbc Global Res lowered Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Barclays increased their target price on Trane Technologies from $440.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Royal Bank of Canada boosted their price target on Trane Technologies from $390.00 to $395.00 and gave the stock a “sector perform” rating in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Trane Technologies from $387.00 to $396.00 and gave the company a “neutral” rating in a report on Friday, January 31st. One research 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $415.25.

Trane Technologies Stock Performance

Shares of TT opened at $354.56 on Monday. The firm’s fifty day simple moving average is $374.82 and its two-hundred day simple moving average is $380.23. Trane Technologies plc has a 12 month low of $279.00 and a 12 month high of $422.00. 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 stock has a market capitalization of $79.52 billion, a P/E ratio of 31.52, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, January 30th. The company reported $2.61 EPS for the quarter, topping 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%. As a group, 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 $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 1.06%. This is a boost from Trane Technologies’s previous quarterly dividend of $0.84. The ex-dividend date is Friday, March 7th. Trane Technologies’s dividend payout ratio (DPR) is presently 29.87%.

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.