Knowledge Leaders Capital LLC Sells 174 Shares of Trane Technologies plc (NYSE:TT)

Knowledge Leaders Capital LLC lessened its position in Trane Technologies plc (NYSE:TT) by 3.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,426 shares of the company’s stock after selling 174 shares during the period. Trane Technologies accounts for 2.1% of Knowledge Leaders Capital LLC’s holdings, making the stock its 18th largest holding. Knowledge Leaders Capital LLC’s holdings in Trane Technologies were worth $1,323,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TT. Global Retirement Partners LLC lifted its position in shares of Trane Technologies by 18.9% in the 3rd quarter. Global Retirement Partners LLC now owns 958 shares of the company’s stock worth $192,000 after purchasing an additional 152 shares during the period. Avior Wealth Management LLC lifted its position in Trane Technologies by 58.0% during the 3rd quarter. Avior Wealth Management LLC now owns 177 shares of the company’s stock valued at $36,000 after acquiring an additional 65 shares during the period. Caprock Group LLC lifted its position in Trane Technologies by 15.8% during the 3rd quarter. Caprock Group LLC now owns 1,528 shares of the company’s stock valued at $310,000 after acquiring an additional 208 shares during the period. Czech National Bank lifted its position in Trane Technologies by 47.9% during the 3rd quarter. Czech National Bank now owns 39,919 shares of the company’s stock valued at $8,100,000 after acquiring an additional 12,922 shares during the period. Finally, Birch Hill Investment Advisors LLC lifted its position in Trane Technologies by 3.1% during the 3rd quarter. Birch Hill Investment Advisors LLC now owns 37,502 shares of the company’s stock valued at $7,610,000 after acquiring an additional 1,122 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Trane Technologies Stock Performance

Shares of TT stock traded up $5.16 during trading hours on Friday, reaching $304.53. The company had a trading volume of 961,790 shares, compared to its average volume of 833,800. The business has a fifty day moving average price of $292.22 and a 200-day moving average price of $254.25. Trane Technologies plc has a one year low of $162.04 and a one year high of $306.98. The firm has a market cap of $69.15 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.53 and a beta of 1.05. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 1.13.

Trane Technologies (NYSE:TT) last announced its quarterly 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. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. The firm had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.43 billion. During the same period in the previous year, the business posted $1.82 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts predict that Trane Technologies plc will post 10.2 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.84 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $3.36 dividend on an annualized basis and a yield of 1.10%. Trane Technologies’s dividend payout ratio is currently 38.23%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, SVP Keith A. Sultana sold 1,637 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $267.74, for a total transaction of $438,290.38. Following the completion of the sale, the senior vice president now directly owns 42,374 shares of the company’s stock, valued at $11,345,214.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, SVP Evan M. Turtz sold 2,821 shares of the stock in a transaction on Monday, March 4th. The shares were 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 directly owns 20,729 shares of the company’s stock, valued at $5,976,792.57. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Keith A. Sultana sold 1,637 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $267.74, for a total transaction of $438,290.38. Following the completion of the sale, the senior vice president now directly owns 42,374 shares of the company’s stock, valued at $11,345,214.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,874 shares of company stock valued at $8,462,825. Insiders own 0.39% of the company’s stock.

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.