Trane Technologies plc (NYSE:TT) Shares Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC lifted its stake in Trane Technologies plc (NYSE:TT – Get Rating) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 36,778 shares of the company’s stock after purchasing an additional 1,224 shares during the quarter. Yousif Capital Management LLC’s holdings in Trane Technologies were worth $6,182,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TT. Bartlett & Co. LLC increased its stake in Trane Technologies by 155.4% during the 4th quarter. Bartlett & Co. LLC now owns 189 shares of the company’s stock worth $32,000 after buying an additional 115 shares during the period. 1832 Asset Management L.P. purchased a new stake in Trane Technologies during the 1st quarter worth approximately $34,000. Heritage Wealth Management LLC purchased a new stake in Trane Technologies during the 2nd quarter worth approximately $31,000. CI Investments Inc. increased its stake in Trane Technologies by 1,007.1% during the 3rd quarter. CI Investments Inc. now owns 310 shares of the company’s stock worth $45,000 after buying an additional 282 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in Trane Technologies by 70.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 363 shares of the company’s stock worth $53,000 after buying an additional 150 shares during the period. 81.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Evan M. Turtz sold 462 shares of the stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $186.02, for a total transaction of $85,941.24. Following the completion of the sale, the senior vice president now owns 17,573 shares in the company, valued at approximately $3,268,929.46. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Evan M. Turtz sold 462 shares of the firm’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $186.02, for a total value of $85,941.24. Following the completion of the sale, the senior vice president now owns 17,573 shares in the company, valued at approximately $3,268,929.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Keith A. Sultana sold 3,521 shares of the firm’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $185.07, for a total transaction of $651,631.47. Following the completion of the sale, the senior vice president now owns 34,616 shares of the company’s stock, valued at approximately $6,406,383.12. The disclosure for this sale can be found here. Insiders sold a total of 38,970 shares of company stock worth $6,927,921 in the last 90 days. Company insiders own 0.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Citigroup upped their target price on shares of Trane Technologies from $204.00 to $218.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. BMO Capital Markets downgraded shares of Trane Technologies from an “outperform” rating to a “market perform” rating and set a $180.00 price objective on the stock. in a research report on Wednesday, December 21st. Stephens increased their price objective on shares of Trane Technologies from $170.00 to $185.00 and gave the company an “equal weight” rating in a research report on Monday, February 6th. Barclays increased their price objective on shares of Trane Technologies from $190.00 to $193.00 and gave the company an “overweight” rating in a research report on Thursday, January 5th. Finally, Bank of America downgraded shares of Trane Technologies from a “neutral” rating to an “underperform” rating and set a $160.00 price objective on the stock. in a research report on Monday, December 12th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Trane Technologies has a consensus rating of “Hold” and an average target price of $183.78.

Trane Technologies Trading Down 2.0 %

NYSE TT opened at $177.53 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.12 and a quick ratio of 0.77. The firm’s fifty day moving average price is $181.96 and its 200 day moving average price is $169.74. The company has a market capitalization of $40.67 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 2.19 and a beta of 1.00. Trane Technologies plc has a 12 month low of $120.64 and a 12 month high of $196.22.

Trane Technologies (NYSE:TT – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.18. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.94 billion. Trane Technologies had a net margin of 10.98% and a return on equity of 29.14%. Trane Technologies’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.36 EPS. On average, sell-side analysts expect that Trane Technologies plc will post 8.34 earnings per share for the current fiscal year.

Trane Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 3rd will be paid a dividend of $0.75 per share. The ex-dividend date is Thursday, March 2nd. This represents a $3.00 dividend on an annualized basis and a yield of 1.69%. This is a boost from Trane Technologies’s previous quarterly dividend of $0.67. Trane Technologies’s dividend payout ratio is currently 40.05%.

About Trane Technologies

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Trane Technologies Plc engages in providing solutions to buildings, homes, and transportation. It operates through the following business segments: Americas, EMEA, and Asia Pacific. The Americas segment encompasses commercial heating and cooling systems, building controls, and energy services and solutions, residential heating and cooling, and transport refrigeration systems, and solutions in North America and Latin America regions.