Trane Technologies plc (NYSE:TT) Stock Holdings Lifted by Center for Financial Planning Inc.

Center for Financial Planning Inc. raised its stake in Trane Technologies plc (NYSE:TT) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,120 shares of the company’s stock after buying an additional 34 shares during the period. Center for Financial Planning Inc.’s holdings in Trane Technologies were worth $783,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Creative Planning raised its stake in Trane Technologies by 5.8% during the 3rd quarter. Creative Planning now owns 62,756 shares of the company’s stock valued at $24,395,000 after purchasing an additional 3,446 shares during the period. Swedbank AB raised its stake in Trane Technologies by 2.8% during the 3rd quarter. Swedbank AB now owns 743,794 shares of the company’s stock valued at $289,135,000 after purchasing an additional 20,400 shares during the period. SeaCrest Wealth Management LLC raised its stake in Trane Technologies by 3.6% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 1,394 shares of the company’s stock valued at $542,000 after purchasing an additional 48 shares during the period. SPC Financial Inc. raised its stake in Trane Technologies by 7.4% during the 3rd quarter. SPC Financial Inc. now owns 1,314 shares of the company’s stock valued at $511,000 after purchasing an additional 91 shares during the period. Finally, Global Retirement Partners LLC raised its stake in Trane Technologies by 37.5% during the 3rd quarter. Global Retirement Partners LLC now owns 1,723 shares of the company’s stock valued at $670,000 after purchasing an additional 470 shares during the period. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Up 0.6 %

Shares of TT stock opened at $363.58 on Friday. The stock’s 50 day simple moving average is $379.41 and its 200 day simple moving average is $377.91. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21. Trane Technologies plc has a twelve month low of $270.50 and a twelve month high of $422.00. The company has a market capitalization of $81.81 billion, a price-to-earnings ratio of 32.32, a PEG ratio of 2.44 and a beta of 1.05.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data 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%. As a group, research analysts predict that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.03%. This is an increase from Trane Technologies’s previous quarterly dividend of $0.84. The ex-dividend date is Friday, March 7th. Trane Technologies’s dividend payout ratio (DPR) is presently 29.87%.

Analysts Set New Price Targets

Several brokerages have issued reports on TT. Royal Bank of Canada boosted their target price on shares of Trane Technologies from $390.00 to $395.00 and gave the company a “sector perform” rating in a research note on Friday, January 3rd. Melius Research reissued a “hold” rating and set a $398.00 target price on shares of Trane Technologies in a research note on Tuesday, January 28th. JPMorgan Chase & Co. upped their price target on shares of Trane Technologies from $387.00 to $396.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Citigroup cut their price objective on Trane Technologies from $478.00 to $476.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Northcoast Research assumed coverage on Trane Technologies in a research note on Friday, November 22nd. They issued a “buy” rating and a $500.00 target price on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $415.25.

Insiders Place Their Bets

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of Trane Technologies stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total value of $1,800,864.00. Following the transaction, the senior vice president now directly owns 12,893 shares of the company’s stock, valued at $5,363,488. The trade was a 25.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David S. Regnery sold 2,754 shares of Trane Technologies stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $357.34, for a total value of $984,114.36. Following the completion of the transaction, the chief executive officer now directly owns 132,969 shares in the company, valued at approximately $47,515,142.46. This represents a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,563 shares of company stock valued at $4,388,966 in the last three months. Company insiders own 0.38% of the company’s stock.

Trane Technologies 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.