Rathbones Group PLC Buys 2,375 Shares of Trane Technologies plc $TT

Rathbones Group PLC lifted its stake in Trane Technologies plc (NYSE:TT) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 68,570 shares of the company’s stock after purchasing an additional 2,375 shares during the quarter. Rathbones Group PLC’s holdings in Trane Technologies were worth $26,687,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Financial Consulate Inc. bought a new stake in Trane Technologies in the third quarter worth $25,000. United Community Bank boosted its stake in Trane Technologies by 134.4% during the third quarter. United Community Bank now owns 75 shares of the company’s stock worth $32,000 after buying an additional 43 shares during the period. JPL Wealth Management LLC bought a new position in Trane Technologies during the third quarter valued at $32,000. Halbert Hargrove Global Advisors LLC raised its stake in shares of Trane Technologies by 34.2% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 102 shares of the company’s stock valued at $43,000 after acquiring an additional 26 shares during the period. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in shares of Trane Technologies in the 3rd quarter worth about $42,000. Institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling at Trane Technologies

In related news, CAO Elizabeth A. Elwell sold 635 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $422.70, for a total value of $268,414.50. Following the completion of the transaction, the chief accounting officer owned 7,100 shares of the company’s stock, valued at $3,001,170. The trade was a 8.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Christopher J. Kuehn sold 2,389 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $462.70, for a total value of $1,105,390.30. Following the sale, the chief financial officer owned 60,486 shares of the company’s stock, valued at approximately $27,986,872.20. This represents a 3.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 49,378 shares of company stock valued at $21,228,464. 0.14% of the stock is owned by corporate insiders.

Trane Technologies Stock Performance

TT stock opened at $427.43 on Monday. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $479.37. The business has a 50-day moving average price of $436.76 and a 200 day moving average price of $418.24. The company has a market capitalization of $94.60 billion, a P/E ratio of 32.93, a PEG ratio of 2.25 and a beta of 1.21. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.25 and a quick ratio of 0.92.

Trane Technologies (NYSE:TT) last issued its earnings results on Thursday, January 29th. The company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.05. The company had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.09 billion. Trane Technologies had a net margin of 13.69% and a return on equity of 36.34%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.61 EPS. As a group, equities research analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be paid a dividend of $1.05 per share. The ex-dividend date is Friday, June 5th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.0%. Trane Technologies’s dividend payout ratio (DPR) is currently 32.36%.

Analysts Set New Price Targets

Several equities analysts recently commented on TT shares. UBS Group cut their price target on shares of Trane Technologies from $544.00 to $520.00 and set a “buy” rating on the stock in a report on Monday, January 5th. KeyCorp raised Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a research note on Monday, December 15th. Wells Fargo & Company increased their price target on Trane Technologies from $375.00 to $400.00 and gave the stock an “underweight” rating in a report on Friday, January 30th. Morgan Stanley decreased their price target on Trane Technologies from $550.00 to $535.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. Finally, Royal Bank Of Canada boosted their price objective on Trane Technologies from $469.00 to $470.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $484.67.

Trane Technologies Profile

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.