Dorsey & Whitney Trust CO LLC Raises Holdings in Trane Technologies plc (NYSE:TT)

Dorsey & Whitney Trust CO LLC boosted its stake in shares of Trane Technologies plc (NYSE:TT) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,760 shares of the company’s stock after purchasing an additional 39 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Trane Technologies were worth $528,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. GoalVest Advisory LLC boosted its position in shares of Trane Technologies by 157.1% in the 1st quarter. GoalVest Advisory LLC now owns 90 shares of the company’s stock valued at $27,000 after purchasing an additional 55 shares during the period. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Trane Technologies in the 1st quarter valued at about $27,000. BOK Financial Private Wealth Inc. acquired a new stake in shares of Trane Technologies in the 1st quarter valued at about $30,000. BKM Wealth Management LLC acquired a new stake in shares of Trane Technologies in the 4th quarter valued at about $25,000. Finally, Sachetta LLC acquired a new stake in shares of Trane Technologies in the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Trane Technologies Trading Down 0.1 %

Shares of TT stock traded down $0.17 during mid-day trading on Friday, hitting $330.20. 1,397,883 shares of the company’s stock were exchanged, compared to its average volume of 1,096,320. Trane Technologies plc has a fifty-two week low of $184.02 and a fifty-two week high of $347.33. The stock has a 50-day simple moving average of $331.65 and a two-hundred day simple moving average of $299.41. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 0.58. The stock has a market cap of $74.74 billion, a price-to-earnings ratio of 35.28, a PEG ratio of 2.60 and a beta of 1.01.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.30. Trane Technologies had a return on equity of 32.78% and a net margin of 11.81%. The business had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter last year, the firm earned $1.41 earnings per share. The business’s revenue was up 15.0% on a year-over-year basis. Equities analysts expect that Trane Technologies plc will post 10.49 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Friday, September 6th. Trane Technologies’s payout ratio is currently 35.90%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Citigroup increased their price objective on Trane Technologies from $355.00 to $366.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. The Goldman Sachs Group increased their price objective on Trane Technologies from $287.00 to $326.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Barclays increased their price objective on Trane Technologies from $380.00 to $385.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. JPMorgan Chase & Co. increased their price objective on Trane Technologies from $247.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Finally, Stephens increased their price objective on Trane Technologies from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $312.36.

Insider Activity at Trane Technologies

In other Trane Technologies news, CFO Christopher J. Kuehn sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $318.67, for a total value of $1,274,680.00. Following the transaction, the chief financial officer now directly owns 61,293 shares of the company’s stock, valued at $19,532,240.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Evan M. Turtz sold 8,988 shares of Trane Technologies stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $321.30, for a total transaction of $2,887,844.40. Following the sale, the senior vice president now directly owns 20,758 shares of the company’s stock, valued at $6,669,545.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Christopher J. Kuehn sold 4,000 shares of Trane Technologies stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $318.67, for a total value of $1,274,680.00. Following the sale, the chief financial officer now directly owns 61,293 shares in the company, valued at $19,532,240.31. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

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.