Trane Technologies plc (NYSE:TT) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC cut its position in shares of Trane Technologies plc (NYSE:TT) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,587 shares of the company’s stock after selling 129 shares during the quarter. Farther Finance Advisors LLC’s holdings in Trane Technologies were worth $955,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Knuff & Co LLC acquired a new position in Trane Technologies in the fourth quarter valued at $62,000. EverSource Wealth Advisors LLC boosted its stake in Trane Technologies by 39.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,619 shares of the company’s stock worth $598,000 after buying an additional 459 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in Trane Technologies by 9.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 5,477 shares of the company’s stock valued at $2,023,000 after buying an additional 454 shares during the period. Natural Investments LLC acquired a new position in shares of Trane Technologies during the 4th quarter valued at about $1,169,000. Finally, AGF Management Ltd. lifted its holdings in shares of Trane Technologies by 4.3% during the 4th quarter. AGF Management Ltd. now owns 41,885 shares of the company’s stock worth $15,470,000 after acquiring an additional 1,744 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TT shares. Citigroup lowered their target price on shares of Trane Technologies from $478.00 to $476.00 and set a “buy” rating for the company in a report on Monday, January 13th. Royal Bank of Canada upped their price objective on Trane Technologies from $390.00 to $395.00 and gave the stock a “sector perform” rating in a report on Friday, January 3rd. Melius cut Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 target price on the stock. in a report on Tuesday, January 28th. Northcoast Research initiated coverage on Trane Technologies in a research note on Friday, November 22nd. They set a “buy” rating and a $500.00 price target for the company. Finally, Barclays reduced their price objective on Trane Technologies from $500.00 to $475.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. One equities research 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $413.69.

Trane Technologies Trading Up 2.8 %

NYSE TT opened at $348.48 on Friday. The stock has a market cap of $78.16 billion, a P/E ratio of 30.98, a PEG ratio of 2.50 and a beta of 1.08. The company’s fifty day simple moving average is $364.65 and its 200-day simple moving average is $379.80. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58. Trane Technologies plc has a 52 week low of $286.32 and a 52 week high of $422.00.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.09. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. Equities research analysts predict that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Friday, March 7th. This is a positive change from Trane Technologies’s previous quarterly dividend of $0.84. Trane Technologies’s dividend payout ratio (DPR) is 33.42%.

Insiders Place Their Bets

In other news, CFO Christopher J. Kuehn sold 876 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $357.42, for a total transaction of $313,099.92. Following the transaction, the chief financial officer now owns 63,841 shares of the company’s stock, valued at approximately $22,818,050.22. This trade represents a 1.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David S. Regnery sold 2,754 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $357.34, for a total value of $984,114.36. Following the completion of the sale, the chief executive officer now directly owns 132,969 shares of the company’s stock, 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 7,234 shares of company stock worth $2,588,102 in the last three months. 0.38% of the stock is owned by insiders.

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.