Community Bank & Trust Waco Texas Has $390,000 Position in Trane Technologies plc (NYSE:TT)

Community Bank & Trust Waco Texas decreased its stake in Trane Technologies plc (NYSE:TT) by 19.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,600 shares of the company’s stock after selling 384 shares during the period. Community Bank & Trust Waco Texas’ holdings in Trane Technologies were worth $390,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its holdings in Trane Technologies by 8.5% in the third quarter. International Assets Investment Management LLC now owns 4,176 shares of the company’s stock worth $835,000 after acquiring an additional 328 shares in the last quarter. CWM LLC increased its position in shares of Trane Technologies by 4.3% during the third quarter. CWM LLC now owns 4,653 shares of the company’s stock valued at $944,000 after acquiring an additional 191 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of Trane Technologies by 18.9% during the third quarter. Global Retirement Partners LLC now owns 958 shares of the company’s stock valued at $192,000 after acquiring an additional 152 shares during the last quarter. Avior Wealth Management LLC increased its position in Trane Technologies by 58.0% in the third quarter. Avior Wealth Management LLC now owns 177 shares of the company’s stock worth $36,000 after buying an additional 65 shares during the last quarter. Finally, Advisors Management Group Inc. ADV increased its position in Trane Technologies by 19.7% in the third quarter. Advisors Management Group Inc. ADV now owns 1,683 shares of the company’s stock worth $341,000 after buying an additional 277 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Activity

In other news, SVP Evan M. Turtz sold 2,821 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $288.33, for a total transaction of $813,378.93. Following the completion of the transaction, the senior vice president now directly owns 20,729 shares in the company, valued at approximately $5,976,792.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Christopher J. Kuehn sold 3,762 shares of the firm’s stock in a transaction on 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 completion of 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 filing with the SEC, which can be accessed through this link. Also, SVP Evan M. Turtz sold 2,821 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $288.33, for a total value of $813,378.93. Following the completion of the sale, the senior vice president now owns 20,729 shares of the company’s stock, valued at $5,976,792.57. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,874 shares of company stock worth $8,462,825. 0.39% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

Trane Technologies Price Performance

NYSE:TT traded up $3.75 on Tuesday, reaching $294.90. 423,215 shares of the company’s stock traded hands, compared to its average volume of 987,356. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 0.57. Trane Technologies plc has a 12 month low of $162.04 and a 12 month high of $306.98. The stock has a 50-day simple moving average of $290.05 and a 200-day simple moving average of $252.29. The firm has a market cap of $66.96 billion, a PE ratio of 33.34, a P/E/G ratio of 2.43 and a beta of 1.05.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Thursday, February 1st. The company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.04. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. The business had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.43 billion. During the same period last year, the firm posted $1.82 EPS. The company’s revenue was up 8.6% on a year-over-year basis. Equities research analysts forecast that Trane Technologies plc will post 10.2 earnings per share for the current year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a dividend of $0.84 per share. The ex-dividend date is Thursday, June 6th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.14%. Trane Technologies’s dividend payout ratio is currently 38.23%.

About Trane Technologies

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.