204,905 Trane Technologies plc $TT Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its stake in shares of Trane Technologies plc (NYSE:TT) by 11.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,515,370 shares of the company’s stock after selling 204,905 shares during the quarter. Fisher Asset Management LLC’s holdings in Trane Technologies were worth $684,917,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Wilkerson Advisory Group LLC raised its position in Trane Technologies by 136.0% in the first quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock worth $25,000 after acquiring an additional 34 shares during the period. Elevation Wealth Partners LLC boosted its stake in Trane Technologies by 153.8% in the second quarter. Elevation Wealth Partners LLC now owns 66 shares of the company’s stock valued at $32,000 after acquiring an additional 40 shares during the last quarter. Frazier Financial Advisors LLC bought a new position in shares of Trane Technologies during the 1st quarter valued at approximately $33,000. James T. Borello RIA grew its position in shares of Trane Technologies by 41.7% during the 3rd quarter. James T. Borello RIA now owns 102 shares of the company’s stock valued at $46,000 after acquiring an additional 30 shares during the period. Finally, MADDEN SECURITIES Corp purchased a new stake in shares of Trane Technologies during the 3rd quarter worth approximately $46,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Activity at Trane Technologies

In other news, CEO David Regnery sold 48,091 shares of the firm’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $480.00, for a total value of $23,083,680.00. Following the completion of the transaction, the chief executive officer directly owned 96,951 shares in the company, valued at approximately $46,536,480. This trade represents a 33.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

Trane Technologies Stock Performance

NYSE:TT opened at $424.46 on Friday. The business’s fifty day moving average is $444.05 and its 200 day moving average is $455.09. The firm has a market cap of $92.92 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 1.99 and a beta of 1.19. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 1.12. Trane Technologies plc has a 52-week low of $348.06 and a 52-week high of $505.87.

Trane Technologies (NYSE:TT) last issued its earnings results on Thursday, October 29th. The company reported $4.86 EPS for the quarter, topping the consensus estimate of $4.74 by $0.12. The business had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.50 billion. Trane Technologies had a return on equity of 37.26% and a net margin of 13.56%. The firm’s revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.88 EPS. Research analysts predict that Trane Technologies plc will post 15.29 EPS for the current year.

Trane Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 4th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, December 4th. Trane Technologies’s dividend payout ratio is presently 29.66%.

Analyst Ratings Changes

A number of research firms recently commented on TT. Wells Fargo & Company initiated coverage on shares of Trane Technologies in a report on Friday, September 25th. They issued an “overweight” rating and a $536.00 price target on the stock. Weiss Ratings raised Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 10th. Wall Street Zen downgraded Trane Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, November 8th. Robert W. Baird boosted their target price on Trane Technologies from $515.00 to $532.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Finally, Evercore upped their price target on Trane Technologies from $560.00 to $565.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $531.22.

Trane Technologies Company Profile

Trane Technologies plc is a global climate innovator that designs, manufactures, and services heating, ventilation, air conditioning, and refrigeration systems. Its products and services support commercial buildings, homes, and transportation applications, including temperature-controlled shipping. The company’s portfolio includes the Trane brand of HVAC systems and building services, as well as Thermo King equipment for transport refrigeration and climate control. It also offers building controls, energy-efficiency solutions, system maintenance, and related services.