1,466 Shares in Trane Technologies plc $TT Bought by South Shore Capital Advisors

South Shore Capital Advisors acquired a new stake in shares of Trane Technologies plc (NYSE:TT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,466 shares of the company’s stock, valued at approximately $570,000.

Other institutional investors have also bought and sold shares of the company. Aptus Capital Advisors LLC lifted its position in Trane Technologies by 169.8% during the third quarter. Aptus Capital Advisors LLC now owns 14,738 shares of the company’s stock valued at $6,219,000 after purchasing an additional 9,276 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Trane Technologies in the third quarter valued at $6,571,000. Nordea Investment Management AB raised its stake in shares of Trane Technologies by 2.4% in the third quarter. Nordea Investment Management AB now owns 2,513,508 shares of the company’s stock valued at $1,051,049,000 after acquiring an additional 57,774 shares during the period. Boston Common Asset Management LLC purchased a new stake in shares of Trane Technologies in the third quarter valued at $9,546,000. Finally, Compass Wealth Management LLC raised its stake in shares of Trane Technologies by 3,785.4% in the third quarter. Compass Wealth Management LLC now owns 27,198 shares of the company’s stock valued at $11,476,000 after acquiring an additional 26,498 shares during the period. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Trading Up 0.9%

TT stock opened at $430.71 on Tuesday. The company has a market capitalization of $95.33 billion, a PE ratio of 33.18, a P/E/G ratio of 2.25 and a beta of 1.21. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $479.37. The firm’s 50-day moving average is $437.48 and its 200 day moving average is $418.44. 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 posted its quarterly earnings results on Thursday, January 29th. The company reported $2.86 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 the consensus estimate of $5.09 billion. Trane Technologies had a net margin of 13.69% and a return on equity of 36.34%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.61 EPS. On average, research analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

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

Wall Street Analyst Weigh In

TT has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Trane Technologies from $434.00 to $460.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. UBS Group reduced their target price on shares of Trane Technologies from $544.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Royal Bank Of Canada increased their target price on shares of Trane Technologies from $469.00 to $470.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. Wells Fargo & Company increased their target price on shares of Trane Technologies from $375.00 to $400.00 and gave the company an “underweight” rating in a research note on Friday, January 30th. Finally, Melius Research raised shares of Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 target price on the stock in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $484.67.

Insider Activity at Trane Technologies

In other Trane Technologies news, CFO Christopher J. Kuehn sold 2,389 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $462.70, for a total transaction of $1,105,390.30. Following the transaction, the chief financial officer owned 60,486 shares of the company’s stock, valued at approximately $27,986,872.20. This trade represents a 3.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David S. Regnery sold 36,045 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $422.69, for a total transaction of $15,235,861.05. Following the transaction, the chief executive officer directly owned 96,948 shares in the company, valued at $40,978,950.12. This trade represents a 27.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 49,378 shares of company stock worth $21,228,464. 0.14% of the stock is currently owned by corporate insiders.

About Trane Technologies

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.