2,651 Shares in Trane Technologies plc (NYSE:TT) Bought by Berry Wealth Group LP

Berry Wealth Group LP purchased a new position in shares of Trane Technologies plc (NYSE:TT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,651 shares of the company’s stock, valued at approximately $647,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TT. BKM Wealth Management LLC acquired a new position in Trane Technologies in the fourth quarter valued at $25,000. Venturi Wealth Management LLC increased its stake in shares of Trane Technologies by 139.7% during the third quarter. Venturi Wealth Management LLC now owns 151 shares of the company’s stock worth $31,000 after acquiring an additional 88 shares during the period. Rosenberg Matthew Hamilton increased its stake in shares of Trane Technologies by 27.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 192 shares of the company’s stock worth $47,000 after acquiring an additional 41 shares during the period. Ancora Advisors LLC purchased a new stake in Trane Technologies during the third quarter worth about $40,000. Finally, Operose Advisors LLC purchased a new stake in Trane Technologies during the third quarter worth about $53,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Keith A. Sultana sold 1,637 shares of the company’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 42,374 shares in the company, valued at $11,345,214.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Trane Technologies news, EVP Paul A. Camuti sold 508 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $273.34, for a total transaction of $138,856.72. Following the transaction, the executive vice president now directly owns 89,447 shares in the company, valued at approximately $24,449,442.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Keith A. Sultana sold 1,637 shares of the stock in a transaction 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 owns 42,374 shares in the company, valued at $11,345,214.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,874 shares of company stock worth $8,462,825. 0.39% of the stock is currently owned by company insiders.

Trane Technologies Trading Down 1.1 %

Shares of Trane Technologies stock traded down $3.44 during trading hours on Wednesday, hitting $313.90. The company’s stock had a trading volume of 579,876 shares, compared to its average volume of 1,021,324. Trane Technologies plc has a 1-year low of $162.04 and a 1-year high of $327.09. The business has a fifty day moving average of $293.61 and a 200 day moving average of $256.33. The company has a market capitalization of $71.12 billion, a PE ratio of 35.69, a P/E/G ratio of 2.54 and a beta of 1.05. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 0.57.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.30. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. The company had revenue of $4.22 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the prior year, the business earned $1.41 earnings per share. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. As a group, equities analysts forecast that Trane Technologies plc will post 10.2 EPS for the current year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $0.84 dividend. The ex-dividend date is Thursday, June 6th. This represents a $3.36 annualized dividend and a dividend yield of 1.07%. Trane Technologies’s dividend payout ratio (DPR) is presently 38.23%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Stephens boosted their price objective on shares of Trane Technologies from $310.00 to $320.00 and gave the stock an “equal weight” rating in a report on Wednesday. Citigroup boosted their price objective on shares of Trane Technologies from $309.00 to $355.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Mizuho boosted their price objective on shares of Trane Technologies from $280.00 to $325.00 and gave the stock a “neutral” rating in a report on Wednesday. Robert W. Baird upped their price target on shares of Trane Technologies from $315.00 to $344.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Royal Bank of Canada boosted 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $278.25.

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.