Graypoint LLC Acquires 347 Shares of Trane Technologies plc (NYSE:TT)

Graypoint LLC raised its holdings in Trane Technologies plc (NYSE:TTFree Report) by 17.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,390 shares of the company’s stock after purchasing an additional 347 shares during the quarter. Graypoint LLC’s holdings in Trane Technologies were worth $583,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Rosenberg Matthew Hamilton raised its position in Trane Technologies by 27.2% in 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 last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Trane Technologies by 2.3% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,847 shares of the company’s stock worth $450,000 after acquiring an additional 42 shares during the last quarter. Cedrus LLC raised its position in shares of Trane Technologies by 2.6% during the fourth quarter. Cedrus LLC now owns 1,669 shares of the company’s stock worth $407,000 after acquiring an additional 43 shares during the last quarter. Certuity LLC raised its position in shares of Trane Technologies by 3.1% during the third quarter. Certuity LLC now owns 1,549 shares of the company’s stock worth $314,000 after acquiring an additional 46 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in shares of Trane Technologies by 2.4% during the third quarter. Integrated Wealth Concepts LLC now owns 1,972 shares of the company’s stock worth $400,000 after acquiring an additional 46 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TT. Barclays boosted their target price on Trane Technologies from $286.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Stephens boosted their target price on Trane Technologies from $235.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Wells Fargo & Company boosted their target price on Trane Technologies from $200.00 to $246.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 19th. Citigroup upped their price objective on Trane Technologies from $309.00 to $355.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, The Goldman Sachs Group upped their price objective on Trane Technologies from $253.00 to $287.00 and gave the company a “neutral” rating in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Trane Technologies currently has a consensus rating of “Hold” and a consensus price target of $251.83.

Read Our Latest Report on Trane Technologies

Trane Technologies Price Performance

NYSE:TT opened at $296.96 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 0.57. The stock’s 50 day moving average price is $287.68 and its two-hundred day moving average price is $248.09. The firm has a market capitalization of $67.43 billion, a price-to-earnings ratio of 33.78, a P/E/G ratio of 2.51 and a beta of 1.05. Trane Technologies plc has a 12-month low of $162.04 and a 12-month high of $306.98.

Trane Technologies (NYSE:TTGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.04. The firm had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.43 billion. Trane Technologies had a return on equity of 32.01% and a net margin of 11.45%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.82 earnings per share. On average, analysts anticipate that Trane Technologies plc will post 10.2 earnings per share for the current year.

Trane Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a $0.84 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $3.36 annualized dividend and a yield of 1.13%. Trane Technologies’s dividend payout ratio (DPR) is presently 38.23%.

Insider Activity at Trane Technologies

In related news, EVP Paul A. Camuti sold 508 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $273.34, for a total value 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Paul A. Camuti sold 508 shares of the company’s stock in a transaction on Friday, February 9th. The stock was 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 filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, the senior vice president now owns 42,374 shares of the company’s stock, valued at $11,345,214.76. The disclosure for this sale can be found here. Insiders sold 29,874 shares of company stock worth $8,462,825 in the last ninety days. 0.39% of the stock is owned by company insiders.

Trane Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Trane Technologies (NYSE:TT)

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