Coppell Advisory Solutions LLC Sells 55 Shares of Trane Technologies plc (NYSE:TT)

Coppell Advisory Solutions LLC trimmed its position in shares of Trane Technologies plc (NYSE:TT) by 27.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 145 shares of the company’s stock after selling 55 shares during the period. Coppell Advisory Solutions LLC’s holdings in Trane Technologies were worth $54,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Fuller & Thaler Asset Management Inc. raised its position in shares of Trane Technologies by 35.8% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 6,140 shares of the company’s stock valued at $2,268,000 after purchasing an additional 1,620 shares during the period. MGO One Seven LLC grew its stake in Trane Technologies by 1.5% in the 4th quarter. MGO One Seven LLC now owns 2,818 shares of the company’s stock valued at $1,041,000 after buying an additional 42 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Trane Technologies by 4.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,258,480 shares of the company’s stock valued at $464,820,000 after acquiring an additional 55,515 shares during the period. Alta Advisers Ltd lifted its position in shares of Trane Technologies by 5.6% during the fourth quarter. Alta Advisers Ltd now owns 739 shares of the company’s stock worth $273,000 after acquiring an additional 39 shares in the last quarter. Finally, Harvest Investment Services LLC bought a new position in shares of Trane Technologies in the fourth quarter worth $537,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Trane Technologies news, CEO David S. Regnery sold 2,318 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $358.17, for a total value of $830,238.06. Following the completion of the transaction, the chief executive officer now owns 126,831 shares in the company, valued at approximately $45,427,059.27. This represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Christopher J. Kuehn sold 876 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $357.42, for a total value of $313,099.92. Following the transaction, the chief financial officer now directly owns 63,841 shares of the company’s stock, valued at $22,818,050.22. This represents a 1.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,234 shares of company stock valued at $2,588,102 over the last quarter. 0.38% of the stock is owned by company insiders.

Trane Technologies Price Performance

Shares of Trane Technologies stock opened at $348.23 on Friday. The stock has a market capitalization of $78.10 billion, a price-to-earnings ratio of 30.95, a price-to-earnings-growth ratio of 2.50 and a beta of 1.08. The company has a fifty day moving average of $342.38 and a 200-day moving average of $373.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $422.00.

Trane Technologies (NYSE:TT) last issued its earnings results on Thursday, January 30th. The company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.52 by $0.09. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. Equities research analysts expect that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.76 annualized dividend and a dividend yield of 1.08%. Trane Technologies’s dividend payout ratio (DPR) is presently 33.42%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TT shares. Melius cut Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 price objective on the stock. in a report on Tuesday, January 28th. JPMorgan Chase & Co. cut their price objective on shares of Trane Technologies from $396.00 to $323.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Barclays decreased their target price on shares of Trane Technologies from $500.00 to $475.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Wells Fargo & Company cut their price target on shares of Trane Technologies from $380.00 to $360.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Finally, UBS Group decreased their price target on shares of Trane Technologies from $500.00 to $470.00 and set a “buy” rating on the stock in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $405.94.

About Trane Technologies

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.