Knowledge Leaders Capital LLC Sells 174 Shares of Trane Technologies plc (NYSE:TT)

Knowledge Leaders Capital LLC reduced its stake in Trane Technologies plc (NYSE:TT) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,426 shares of the company’s stock after selling 174 shares during the period. Trane Technologies makes up approximately 2.1% of Knowledge Leaders Capital LLC’s holdings, making the stock its 18th largest holding. Knowledge Leaders Capital LLC’s holdings in Trane Technologies were worth $1,323,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TT. Wellington Management Group LLP boosted its holdings in shares of Trane Technologies by 36.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,639,058 shares of the company’s stock worth $332,581,000 after acquiring an additional 436,997 shares in the last quarter. Xponance Inc. lifted its holdings in Trane Technologies by 18.6% during the 4th quarter. Xponance Inc. now owns 43,825 shares of the company’s stock worth $10,689,000 after buying an additional 6,869 shares in the last quarter. CHICAGO TRUST Co NA lifted its holdings in Trane Technologies by 2.1% during the 4th quarter. CHICAGO TRUST Co NA now owns 3,136 shares of the company’s stock worth $765,000 after buying an additional 64 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Trane Technologies by 60.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,239 shares of the company’s stock worth $27,375,000 after buying an additional 42,409 shares in the last quarter. Finally, Wealth Effects LLC acquired a new position in Trane Technologies during the 4th quarter worth $239,000. 82.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Transactions at Trane Technologies

In other news, SVP Keith A. Sultana sold 1,637 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $267.74, for a total transaction of $438,290.38. Following the transaction, the senior vice president now directly owns 42,374 shares of the company’s stock, valued at $11,345,214.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Keith A. Sultana sold 1,637 shares of Trane Technologies stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $267.74, for a total value of $438,290.38. Following the transaction, the senior vice president now directly owns 42,374 shares of the company’s stock, valued at $11,345,214.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Keith A. Sultana sold 1,983 shares of Trane Technologies stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $272.26, for a total transaction of $539,891.58. Following the completion of the transaction, the senior vice president now directly owns 42,575 shares in the company, valued at $11,591,469.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,874 shares of company stock valued at $8,462,825. 0.39% of the stock is currently owned by company insiders.

Trane Technologies Stock Performance

NYSE:TT traded up $5.16 during mid-day trading on Friday, hitting $304.53. The stock had a trading volume of 961,790 shares, compared to its average volume of 833,800. Trane Technologies plc has a twelve month low of $162.04 and a twelve month high of $306.98. The stock has a market cap of $69.15 billion, a price-to-earnings ratio of 34.65, a PEG ratio of 2.53 and a beta of 1.05. The company’s 50 day simple moving average is $292.22 and its 200 day simple moving average is $254.25. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 1.13.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Thursday, February 1st. The company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.04. The firm had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.43 billion. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $1.82 earnings per share. On average, equities research analysts forecast that Trane Technologies plc will post 10.2 earnings per share for the current year.

Trane Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.84 per share. The ex-dividend date is Thursday, June 6th. This represents a $3.36 annualized dividend and a dividend yield of 1.10%. Trane Technologies’s dividend payout ratio is presently 38.23%.

Trane Technologies Company 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.