Bigelow Investment Advisors LLC Decreases Stake in Trane Technologies plc (NYSE:TT)

Bigelow Investment Advisors LLC lowered its position in Trane Technologies plc (NYSE:TT) by 5.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,240 shares of the company’s stock after selling 66 shares during the period. Bigelow Investment Advisors LLC’s holdings in Trane Technologies were worth $302,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BKM Wealth Management LLC bought a new stake in shares of Trane Technologies in the fourth quarter worth $25,000. Live Oak Investment Partners bought a new stake in Trane Technologies during the fourth quarter valued at about $30,000. Venturi Wealth Management LLC grew its holdings in Trane Technologies by 139.7% during the third quarter. Venturi Wealth Management LLC now owns 151 shares of the company’s stock valued at $31,000 after purchasing an additional 88 shares during the period. 1832 Asset Management L.P. bought a new stake in Trane Technologies during the first quarter valued at about $34,000. Finally, Avior Wealth Management LLC grew its holdings in Trane Technologies by 58.0% during the third quarter. Avior Wealth Management LLC now owns 177 shares of the company’s stock valued at $36,000 after purchasing an additional 65 shares during the period. Institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on TT. Stephens boosted their price target on Trane Technologies from $235.00 to $280.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Citigroup boosted their price target on Trane Technologies from $309.00 to $355.00 and gave the company a “buy” rating in a report on Monday, April 8th. The Goldman Sachs Group boosted their price target on Trane Technologies from $253.00 to $287.00 and gave the company a “neutral” rating in a report on Monday, February 5th. Royal Bank of Canada boosted their price target on Trane Technologies from $231.00 to $246.00 and gave the company a “sector perform” rating in a report on Friday, February 2nd. Finally, Barclays boosted their price target on Trane Technologies from $286.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $251.83.

Insider Buying and Selling

In related news, CFO Christopher J. Kuehn sold 3,762 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $286.48, for a total value of $1,077,737.76. Following the sale, the chief financial officer now directly owns 61,691 shares in the company, valued at $17,673,237.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Trane Technologies news, CFO Christopher J. Kuehn sold 3,762 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $286.48, for a total transaction of $1,077,737.76. Following the sale, the chief financial officer now directly owns 61,691 shares in the company, valued at $17,673,237.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David S. Regnery sold 6,990 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $286.19, for a total value of $2,000,468.10. Following the sale, the chief executive officer now owns 113,874 shares in the company, valued at $32,589,600.06. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,874 shares of company stock worth $8,462,825. Corporate insiders own 0.39% of the company’s stock.

Trane Technologies Stock Performance

NYSE TT opened at $288.27 on Friday. The firm has a market cap of $65.46 billion, a price-to-earnings ratio of 32.80, a price-to-earnings-growth ratio of 2.44 and a beta of 1.05. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average price of $289.67 and a 200-day moving average price of $250.91. Trane Technologies plc has a twelve month low of $162.04 and a twelve month high of $306.98.

Trane Technologies (NYSE:TT) last posted its earnings results on Thursday, February 1st. The company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.04. The company had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.43 billion. Trane Technologies had a return on equity of 32.01% and a net margin of 11.45%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.82 earnings per share. As a group, equities research analysts predict that Trane Technologies plc will post 10.2 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a $0.84 dividend. The ex-dividend date is Thursday, June 6th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.17%. Trane Technologies’s dividend payout ratio is currently 38.23%.

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.