Trane Technologies plc (NYSE:TT) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC cut its holdings in shares of Trane Technologies plc (NYSE:TT) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,850 shares of the company’s stock after selling 108 shares during the period. Summit Trail Advisors LLC’s holdings in Trane Technologies were worth $939,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BKM Wealth Management LLC acquired a new stake in Trane Technologies in the fourth quarter worth approximately $25,000. Venturi Wealth Management LLC increased its holdings in shares of Trane Technologies by 139.7% in the third quarter. Venturi Wealth Management LLC now owns 151 shares of the company’s stock valued at $31,000 after buying an additional 88 shares in the last quarter. Rosenberg Matthew Hamilton raised its stake in Trane Technologies by 27.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 192 shares of the company’s stock valued at $47,000 after purchasing an additional 41 shares during the period. Ancora Advisors LLC acquired a new stake in Trane Technologies during the 3rd quarter valued at $40,000. Finally, Operose Advisors LLC acquired a new stake in Trane Technologies during the 3rd quarter valued at $53,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Trane Technologies

In related news, EVP Paul A. Camuti sold 508 shares of the company’s 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Paul A. Camuti sold 508 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $273.34, for a total transaction of $138,856.72. Following the sale, the executive vice president now directly owns 89,447 shares of the company’s stock, valued at approximately $24,449,442.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David S. Regnery sold 6,990 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $286.19, for a total transaction 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 28,237 shares of company stock worth $8,024,534. 0.39% of the stock is currently owned by insiders.

Trane Technologies Stock Up 2.0 %

NYSE:TT traded up $6.54 during trading hours on Monday, reaching $325.83. The company had a trading volume of 706,994 shares, compared to its average volume of 1,029,506. Trane Technologies plc has a twelve month low of $162.04 and a twelve month high of $327.09. The firm has a market cap of $73.75 billion, a price-to-earnings ratio of 34.59, a P/E/G ratio of 2.54 and a beta of 1.01. The business’s 50-day simple moving average is $295.83 and its two-hundred day simple moving average is $258.71. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 0.58.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Tuesday, April 30th. The company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. The company had revenue of $4.22 billion for the quarter, compared to analyst estimates of $3.99 billion. Trane Technologies had a net margin of 11.81% and a return on equity of 32.78%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same period last year, the firm earned $1.41 earnings per share. On average, equities analysts expect that Trane Technologies plc will post 10.48 earnings per share for the current year.

Trane Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders 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 dividend on an annualized basis and a yield of 1.03%. Trane Technologies’s dividend payout ratio is presently 35.90%.

Wall Street Analyst Weigh In

TT has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of Trane Technologies from $281.00 to $295.00 and gave the company an “underweight” rating in a research note on Thursday. TD Cowen boosted their price target on shares of Trane Technologies from $325.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Royal Bank of Canada boosted their price target on shares of Trane Technologies from $231.00 to $246.00 and gave the company a “sector perform” rating in a report on Friday, February 2nd. Mizuho boosted their price target on shares of Trane Technologies from $280.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Finally, Stephens boosted their price target on shares of Trane Technologies from $310.00 to $320.00 and gave the company an “equal weight” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $300.54.

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.