Checchi Capital Advisers LLC Sells 160 Shares of Trane Technologies plc (NYSE:TT)

Checchi Capital Advisers LLC trimmed its position in Trane Technologies plc (NYSE:TTGet Rating) by 7.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,863 shares of the company’s stock after selling 160 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Trane Technologies were worth $274,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TT. Versor Investments LP purchased a new position in Trane Technologies in the first quarter worth about $702,000. Waldron Private Wealth LLC grew its position in Trane Technologies by 5.7% in the first quarter. Waldron Private Wealth LLC now owns 2,110 shares of the company’s stock worth $322,000 after acquiring an additional 113 shares in the last quarter. Prospera Financial Services Inc grew its position in Trane Technologies by 24.5% in the first quarter. Prospera Financial Services Inc now owns 1,408 shares of the company’s stock worth $215,000 after acquiring an additional 277 shares in the last quarter. Pinnacle Associates Ltd. grew its position in Trane Technologies by 49.6% in the first quarter. Pinnacle Associates Ltd. now owns 8,519 shares of the company’s stock worth $1,301,000 after acquiring an additional 2,825 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in Trane Technologies by 8.7% in the first quarter. Russell Investments Group Ltd. now owns 188,607 shares of the company’s stock worth $28,951,000 after acquiring an additional 15,115 shares in the last quarter. 80.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TT shares. Argus lifted their price target on Trane Technologies from $170.00 to $185.00 in a research report on Tuesday, November 8th. Royal Bank of Canada lifted their price target on Trane Technologies from $155.00 to $162.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 3rd. BMO Capital Markets boosted their target price on Trane Technologies from $155.00 to $180.00 and gave the company an “outperform” rating in a research report on Monday, August 15th. Citigroup boosted their target price on Trane Technologies from $176.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, November 3rd. Finally, Mizuho boosted their target price on Trane Technologies from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $170.35.

Insider Activity at Trane Technologies

In related news, SVP Mairead Magner sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $165.00, for a total value of $165,000.00. Following the completion of the sale, the senior vice president now owns 11,079 shares in the company, valued at $1,828,035. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.74% of the stock is owned by company insiders.

Trane Technologies Stock Up 0.3 %

Shares of NYSE TT opened at $179.35 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.78 and a current ratio of 1.14. The firm has a market capitalization of $41.31 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 2.12 and a beta of 1.00. The stock has a 50 day moving average price of $157.09 and a 200 day moving average price of $147.14. Trane Technologies plc has a 52-week low of $120.64 and a 52-week high of $204.23.

Trane Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 2nd will be issued a $0.67 dividend. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.49%. Trane Technologies’s payout ratio is 38.73%.

Trane Technologies Company Profile

(Get Rating)

Trane Technologies plc, together with its subsidiaries, engages in the designing, manufacturing, selling, and servicing of solutions for heating, ventilation, air conditioning, and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation products; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality assessments and related products; large and light commercial unitary products; motor replacements; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.

See Also

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Institutional Ownership by Quarter for Trane Technologies (NYSE:TT)

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