O Shaughnessy Asset Management LLC Increases Holdings in Trane Technologies plc (NYSE:TT)

O Shaughnessy Asset Management LLC boosted its position in shares of Trane Technologies plc (NYSE:TT) by 36.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,427 shares of the company’s stock after purchasing an additional 8,121 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Trane Technologies were worth $11,238,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of TT. Global Wealth Strategies & Associates purchased a new stake in shares of Trane Technologies in the 4th quarter worth approximately $26,000. Sound Income Strategies LLC raised its stake in Trane Technologies by 1,314.3% in the fourth quarter. Sound Income Strategies LLC now owns 99 shares of the company’s stock worth $37,000 after buying an additional 92 shares in the last quarter. Flagship Wealth Advisors LLC purchased a new stake in Trane Technologies during the fourth quarter worth $37,000. Golden State Wealth Management LLC bought a new stake in Trane Technologies during the 4th quarter valued at $39,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Trane Technologies in the 3rd quarter valued at $44,000. 82.97% of the stock is owned by institutional investors.

Insider Activity at Trane Technologies

In other news, CEO David S. Regnery sold 2,754 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $357.34, for a total transaction of $984,114.36. Following the completion of the transaction, the chief executive officer now directly owns 132,969 shares of the company’s stock, valued at $47,515,142.46. This represents a 2.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Christopher J. Kuehn sold 770 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $358.39, for a total transaction of $275,960.30. Following the transaction, the chief financial officer now owns 62,221 shares of the company’s stock, valued at $22,299,384.19. This represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,234 shares of company stock worth $2,588,102 in the last three months. Company insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

TT has been the topic of several analyst reports. Citigroup cut their target price on Trane Technologies from $478.00 to $476.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. UBS Group cut their price objective on shares of Trane Technologies from $500.00 to $470.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their target price on shares of Trane Technologies from $387.00 to $396.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Barclays cut their price target on shares of Trane Technologies from $500.00 to $475.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Finally, 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 report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $413.69.

Trane Technologies Stock Up 1.6 %

NYSE:TT opened at $337.21 on Tuesday. The firm has a market capitalization of $75.63 billion, a P/E ratio of 29.97, a PEG ratio of 2.50 and a beta of 1.08. The company’s fifty day moving average price is $356.79 and its 200-day moving average price is $379.99. Trane Technologies plc has a 1-year low of $286.32 and a 1-year high of $422.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.21 and a quick ratio of 0.88.

Trane Technologies (NYSE:TT) last released 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, equities research analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 1.12%. This is a positive change from Trane Technologies’s previous quarterly dividend of $0.84. The ex-dividend date was Friday, March 7th. Trane Technologies’s payout ratio is 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.