Trane Technologies plc (NYSE:TT) Shares Sold by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. lessened its holdings in shares of Trane Technologies plc (NYSE:TT) by 2.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 14,904 shares of the company’s stock after selling 416 shares during the period. Great Lakes Retirement Inc.’s holdings in Trane Technologies were worth $5,505,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Ritholtz Wealth Management raised its stake in shares of Trane Technologies by 12.5% in the 3rd quarter. Ritholtz Wealth Management now owns 1,226 shares of the company’s stock valued at $477,000 after purchasing an additional 136 shares in the last quarter. Procyon Advisors LLC increased its holdings in Trane Technologies by 4.0% in the third quarter. Procyon Advisors LLC now owns 927 shares of the company’s stock valued at $360,000 after buying an additional 36 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in Trane Technologies in the third quarter valued at about $130,000. Creative Planning grew its position in shares of Trane Technologies by 5.8% in the 3rd quarter. Creative Planning now owns 62,756 shares of the company’s stock worth $24,395,000 after acquiring an additional 3,446 shares in the last quarter. Finally, Swedbank AB increased its holdings in shares of Trane Technologies by 2.8% in the 3rd quarter. Swedbank AB now owns 743,794 shares of the company’s stock valued at $289,135,000 after acquiring an additional 20,400 shares during the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Trane Technologies news, CFO Christopher J. Kuehn sold 876 shares of the business’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 sale, the chief financial officer now owns 63,841 shares of the company’s stock, valued at $22,818,050.22. The trade was a 1.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Mairead Magner sold 4,329 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total transaction of $1,800,864.00. Following the transaction, the senior vice president now directly owns 12,893 shares of the company’s stock, valued at $5,363,488. The trade was a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 11,563 shares of company stock valued at $4,388,966. Company insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TT shares. Robert W. Baird reduced their price target on shares of Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Melius Research reaffirmed a “hold” rating and issued a $398.00 price objective on shares of Trane Technologies in a report on Tuesday, January 28th. UBS Group cut their price objective on shares of Trane Technologies from $500.00 to $470.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Northcoast Research began coverage on shares of Trane Technologies in a research report on Friday, November 22nd. They issued a “buy” rating and a $500.00 target price for the company. Finally, Hsbc Global Res cut Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $415.25.

Trane Technologies Price Performance

Shares of TT opened at $364.55 on Wednesday. The business’s 50-day moving average is $382.56 and its 200-day moving average is $377.89. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.21 and a quick ratio of 0.88. The company has a market capitalization of $82.03 billion, a price-to-earnings ratio of 32.40, a P/E/G ratio of 2.44 and a beta of 1.05. Trane Technologies plc has a fifty-two week low of $265.37 and a fifty-two week high of $422.00.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.61 earnings per share for the quarter, beating 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 fiscal year.

Trane Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $0.94 dividend. This is a positive change from Trane Technologies’s previous quarterly dividend of $0.84. This represents a $3.76 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Friday, March 7th. Trane Technologies’s payout ratio is 29.87%.

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.