Trane Technologies plc (NYSE:TT) SVP Sells 198 Shares

Trane Technologies plc (NYSE:TT) SVP Mairead Magner sold 198 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $357.61, for a total value of $70,806.78. Following the completion of the sale, the senior vice president now directly owns 13,401 shares of the company’s stock, valued at $4,792,331.61. This represents a 1.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Mairead Magner also recently made the following trade(s):

• On Wednesday, December 4th, Mairead Magner sold 4,329 shares of Trane Technologies stock. The shares were sold at an average price of $416.00, for a total value of $1,800,864.00.

Trane Technologies Stock Performance

Shares of NYSE:TT opened at $356.94 on Friday. Trane Technologies plc has a twelve month low of $265.37 and a twelve month high of $422.00. The firm has a market cap of $80.32 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21. The business has a fifty day moving average of $386.03 and a 200-day moving average of $377.10.

Trane Technologies (NYSE:TT) last announced its earnings results on Thursday, January 30th. The company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.09. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. On average, equities research analysts predict that Trane Technologies plc will post 12.79 EPS for the current fiscal year.

Trane Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $0.94 dividend. The ex-dividend date is Friday, March 7th. This is a positive change from Trane Technologies’s previous quarterly dividend of $0.84. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.05%. Trane Technologies’s dividend payout ratio (DPR) is 29.87%.

Institutional Trading of Trane Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TT. Czech National Bank increased its position in Trane Technologies by 6.6% in the third quarter. Czech National Bank now owns 45,971 shares of the company’s stock worth $17,870,000 after purchasing an additional 2,837 shares during the period. Diversified Trust Co increased its position in Trane Technologies by 4.5% in the third quarter. Diversified Trust Co now owns 3,310 shares of the company’s stock worth $1,287,000 after purchasing an additional 144 shares during the period. Dynamic Advisor Solutions LLC increased its position in Trane Technologies by 0.8% in the third quarter. Dynamic Advisor Solutions LLC now owns 5,041 shares of the company’s stock worth $1,959,000 after purchasing an additional 40 shares during the period. Park Place Capital Corp increased its position in Trane Technologies by 1,051.7% in the third quarter. Park Place Capital Corp now owns 334 shares of the company’s stock worth $130,000 after purchasing an additional 305 shares during the period. Finally, City Holding Co. boosted its holdings in Trane Technologies by 2.6% during the third quarter. City Holding Co. now owns 16,159 shares of the company’s stock worth $6,281,000 after buying an additional 413 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TT shares. Royal Bank of Canada increased their price objective on Trane Technologies from $390.00 to $395.00 and gave the company a “sector perform” rating in a research report on Friday, January 3rd. UBS Group reduced their price objective on Trane Technologies from $500.00 to $470.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Citigroup reduced their price objective on Trane Technologies from $478.00 to $476.00 and set a “buy” rating for the company in a research report on Monday, January 13th. HSBC cut Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 target price for the company. in a research report on Thursday, October 31st. Finally, Melius Research reaffirmed a “hold” rating and issued a $398.00 target price on shares of Trane Technologies in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Trane Technologies currently has a consensus rating of “Hold” and an average target price of $415.25.

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.