Wilkins Investment Counsel Inc. Invests $225,000 in Trane Technologies plc (NYSE:TT)

Wilkins Investment Counsel Inc. purchased a new stake in Trane Technologies plc (NYSE:TT) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 750 shares of the company’s stock, valued at approximately $225,000.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Trane Technologies in the fourth quarter valued at approximately $655,804,000. International Assets Investment Management LLC increased its stake in Trane Technologies by 24,670.7% in the 4th quarter. International Assets Investment Management LLC now owns 1,034,423 shares of the company’s stock valued at $252,296,000 after buying an additional 1,030,247 shares during the period. TD Asset Management Inc raised its position in Trane Technologies by 719.8% during the 4th quarter. TD Asset Management Inc now owns 750,894 shares of the company’s stock worth $183,143,000 after buying an additional 659,299 shares during the last quarter. Putnam Investments LLC lifted its stake in shares of Trane Technologies by 27,824.4% in the 4th quarter. Putnam Investments LLC now owns 572,730 shares of the company’s stock worth $139,689,000 after acquiring an additional 570,679 shares during the period. Finally, Alecta Tjanstepension Omsesidigt purchased a new stake in shares of Trane Technologies in the fourth quarter valued at about $97,588,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Price Performance

Shares of TT stock traded down $0.17 during trading hours on Friday, hitting $330.20. The company’s stock had a trading volume of 1,397,883 shares, compared to its average volume of 1,096,320. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 0.58. The business has a fifty day moving average of $331.68 and a 200-day moving average of $298.81. Trane Technologies plc has a twelve month low of $184.02 and a twelve month high of $347.33. The stock has a market cap of $74.74 billion, a price-to-earnings ratio of 35.28, a P/E/G ratio of 2.60 and a beta of 1.01.

Trane Technologies (NYSE:TT) last posted its earnings results on Tuesday, April 30th. The company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. Trane Technologies had a return on equity of 32.78% and a net margin of 11.81%. The firm had revenue of $4.22 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the prior year, the company earned $1.41 EPS. Trane Technologies’s revenue was up 15.0% on a year-over-year basis. As a group, equities research analysts anticipate that Trane Technologies plc will post 10.49 EPS for the current year.

Trane Technologies Announces Dividend

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

Analysts Set New Price Targets

TT has been the subject of several analyst reports. Citigroup increased their price target on shares of Trane Technologies from $355.00 to $366.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. increased their target price on Trane Technologies from $247.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Robert W. Baird lifted their price target on Trane Technologies from $344.00 to $360.00 and gave the company a “neutral” rating in a research note on Monday. Stephens upped their price objective on Trane Technologies from $310.00 to $320.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. Finally, The Goldman Sachs Group raised their target price on Trane Technologies from $287.00 to $326.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $312.36.

Insider Transactions at Trane Technologies

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