Bigelow Investment Advisors LLC Has $302,000 Stock Holdings in Trane Technologies plc (NYSE:TT)

Bigelow Investment Advisors LLC decreased its position in shares of Trane Technologies plc (NYSE:TT) by 5.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,240 shares of the company’s stock after selling 66 shares during the quarter. Bigelow Investment Advisors LLC’s holdings in Trane Technologies were worth $302,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TT. Norges Bank acquired a new position in Trane Technologies during the 4th quarter worth $526,026,000. Moneta Group Investment Advisors LLC lifted its stake in shares of Trane Technologies by 109,668.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,963,758 shares of the company’s stock valued at $330,088,000 after purchasing an additional 1,961,969 shares during the period. First Trust Advisors LP lifted its stake in shares of Trane Technologies by 2,606.5% in the 1st quarter. First Trust Advisors LP now owns 1,081,171 shares of the company’s stock valued at $165,095,000 after purchasing an additional 1,041,224 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Trane Technologies by 24,670.7% in the 4th quarter. International Assets Investment Management LLC now owns 1,034,423 shares of the company’s stock valued at $252,296,000 after purchasing an additional 1,030,247 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Trane Technologies by 5.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,085,662 shares of the company’s stock valued at $3,466,852,000 after purchasing an additional 880,583 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Activity

In other news, CEO David S. Regnery sold 6,990 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $286.19, for a total value of $2,000,468.10. Following the completion of the transaction, the chief executive officer now owns 113,874 shares in the company, valued at approximately $32,589,600.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Paul A. Camuti sold 508 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $273.34, for a total value of $138,856.72. Following the completion of the sale, the executive vice president now directly owns 89,447 shares in the company, valued at approximately $24,449,442.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David S. Regnery sold 6,990 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $286.19, for a total transaction of $2,000,468.10. Following the completion of the sale, the chief executive officer now owns 113,874 shares of the company’s stock, valued at $32,589,600.06. The disclosure for this sale can be found here. Insiders sold 29,874 shares of company stock worth $8,462,825 in the last quarter. Corporate insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TT shares. Citigroup increased their price target on Trane Technologies from $309.00 to $355.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Stephens increased their price target on Trane Technologies from $235.00 to $280.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Royal Bank of Canada upped their price objective on shares of Trane Technologies from $231.00 to $246.00 and gave the company a “sector perform” rating in a research report on Friday, February 2nd. The Goldman Sachs Group upped their price objective on shares of Trane Technologies from $253.00 to $287.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. Finally, Barclays upped their price objective on shares of Trane Technologies from $286.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $251.83.

Trane Technologies Price Performance

TT stock opened at $288.27 on Friday. The stock has a 50-day moving average price of $289.67 and a two-hundred day moving average price of $250.91. The stock has a market cap of $65.46 billion, a PE ratio of 32.80, a price-to-earnings-growth ratio of 2.44 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.78 and a debt-to-equity ratio of 0.57. Trane Technologies plc has a 1 year low of $162.04 and a 1 year high of $306.98.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, February 1st. The company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.04. The firm had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.43 billion. Trane Technologies had a return on equity of 32.01% and a net margin of 11.45%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 EPS. Equities analysts forecast that Trane Technologies plc will post 10.2 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Thursday, June 6th. Trane Technologies’s payout ratio is 38.23%.

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.