GYL Financial Synergies LLC Has $427,000 Stock Position in Trane Technologies plc (NYSE:TT)

GYL Financial Synergies LLC reduced its stake in shares of Trane Technologies plc (NYSE:TT) by 10.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,299 shares of the company’s stock after selling 148 shares during the quarter. GYL Financial Synergies LLC’s holdings in Trane Technologies were worth $427,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TT. Motco acquired a new stake in shares of Trane Technologies during the 4th quarter worth $27,000. Sachetta LLC acquired a new stake in shares of Trane Technologies during the 4th quarter worth $27,000. GoalVest Advisory LLC grew its holdings in shares of Trane Technologies by 157.1% during the 1st quarter. GoalVest Advisory LLC now owns 90 shares of the company’s stock worth $27,000 after purchasing an additional 55 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Trane Technologies during the 1st quarter worth $27,000. Finally, BOK Financial Private Wealth Inc. acquired a new stake in shares of Trane Technologies during the 1st quarter worth $30,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Trane Technologies

In other news, CEO David S. Regnery sold 29,450 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $321.25, for a total transaction of $9,460,812.50. Following the completion of the transaction, the chief executive officer now directly owns 132,946 shares in the company, valued at $42,708,902.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Raymond D. Pittard sold 1,805 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $328.65, for a total transaction of $593,213.25. Following the completion of the sale, the executive vice president now owns 83,517 shares of the company’s stock, valued at $27,447,862.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David S. Regnery sold 29,450 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $321.25, for a total value of $9,460,812.50. Following the sale, the chief executive officer now directly owns 132,946 shares of the company’s stock, valued at approximately $42,708,902.50. The disclosure for this sale can be found here. Insiders sold 44,243 shares of company stock worth $14,216,550 over the last ninety days. 0.38% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TT shares. Wells Fargo & Company raised their price objective on Trane Technologies from $310.00 to $315.00 and gave the company an “underweight” rating in a research note on Thursday, August 1st. Barclays raised their price objective on Trane Technologies from $385.00 to $394.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. raised their price objective on Trane Technologies from $247.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Mizuho raised their price objective on Trane Technologies from $280.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Finally, UBS Group raised their price objective on Trane Technologies from $330.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, June 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $323.29.

Trane Technologies Trading Up 0.7 %

Shares of TT traded up $2.59 during mid-day trading on Friday, reaching $353.30. 15,272 shares of the company were exchanged, compared to its average volume of 1,116,077. Trane Technologies plc has a 52 week low of $184.02 and a 52 week high of $353.80. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.74 and a current ratio of 1.17. The stock has a market capitalization of $79.97 billion, a PE ratio of 37.47, a PEG ratio of 2.50 and a beta of 1.01. The business has a 50 day simple moving average of $335.01 and a two-hundred day simple moving average of $313.65.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.22. Trane Technologies had a return on equity of 33.97% and a net margin of 12.33%. The company had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.13 billion. During the same period last year, the company earned $2.68 earnings per share. The firm’s revenue was up 12.8% compared to the same quarter last year. On average, analysts predict that Trane Technologies plc will post 10.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given a dividend of $0.84 per share. The ex-dividend date is Friday, September 6th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 0.95%. Trane Technologies’s dividend payout ratio (DPR) is 35.90%.

About Trane Technologies

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.