Wambolt & Associates LLC Sells 277 Shares of Trane Technologies plc (NYSE:TT)

Wambolt & Associates LLC lessened its stake in shares of Trane Technologies plc (NYSE:TT) by 10.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,475 shares of the company’s stock after selling 277 shares during the period. Wambolt & Associates LLC’s holdings in Trane Technologies were worth $914,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. raised its holdings in shares of Trane Technologies by 23.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,728 shares of the company’s stock worth $1,449,000 after acquiring an additional 714 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Trane Technologies by 40.4% in the 3rd quarter. Cerity Partners LLC now owns 87,093 shares of the company’s stock worth $33,856,000 after buying an additional 25,045 shares during the last quarter. Kingsview Wealth Management LLC raised its position in shares of Trane Technologies by 1.6% during the 3rd quarter. Kingsview Wealth Management LLC now owns 4,590 shares of the company’s stock valued at $1,784,000 after buying an additional 72 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Trane Technologies by 5.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,174 shares of the company’s stock valued at $456,000 after acquiring an additional 59 shares during the last quarter. Finally, Summit Trail Advisors LLC increased its stake in Trane Technologies by 7.6% during the third quarter. Summit Trail Advisors LLC now owns 4,281 shares of the company’s stock worth $1,664,000 after acquiring an additional 302 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on TT. UBS Group dropped their target price on Trane Technologies from $500.00 to $470.00 and set a “buy” rating for the company in a report on Friday, January 31st. JPMorgan Chase & Co. lifted their price objective 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. Melius Research reissued a “hold” rating and issued a $398.00 target price on shares of Trane Technologies in a research note on Tuesday, January 28th. Barclays dropped their price target on shares of Trane Technologies from $500.00 to $475.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. Finally, Melius lowered Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 target price for the company. 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 given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $413.69.

Insider Buying and Selling at Trane Technologies

In related news, SVP Mairead Magner sold 198 shares of Trane Technologies stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $357.61, for a total value of $70,806.78. Following the completion of the transaction, the senior vice president now directly owns 13,401 shares in the company, valued at approximately $4,792,331.61. This trade represents a 1.46 % decrease in their ownership of the stock. The transaction 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 firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $357.34, for a total transaction of $984,114.36. Following the completion of the sale, the chief executive officer now owns 132,969 shares in the company, valued at $47,515,142.46. The trade was a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,234 shares of company stock worth $2,588,102. Corporate insiders own 0.38% of the company’s stock.

Trane Technologies Price Performance

Shares of TT opened at $358.58 on Tuesday. The business’s 50-day moving average is $360.87 and its two-hundred day moving average is $380.10. The company has a market capitalization of $80.43 billion, a P/E ratio of 31.87, a P/E/G ratio of 2.50 and a beta of 1.08. Trane Technologies plc has a fifty-two week low of $286.32 and a fifty-two week high of $422.00. 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 (NYSE:TT) last posted its earnings results on Thursday, January 30th. The company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.52 by $0.09. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. Research analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 1.05%. This is a boost from Trane Technologies’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Friday, March 7th. Trane Technologies’s payout ratio is presently 33.42%.

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.