TRUE Private Wealth Advisors Sells 203 Shares of Trane Technologies plc (NYSE:TT)

TRUE Private Wealth Advisors lessened its position in shares of Trane Technologies plc (NYSE:TT) by 18.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 913 shares of the company’s stock after selling 203 shares during the period. TRUE Private Wealth Advisors’ holdings in Trane Technologies were worth $223,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BKM Wealth Management LLC bought a new stake in Trane Technologies during the 4th quarter worth approximately $25,000. Live Oak Investment Partners purchased a new position in Trane Technologies in the 4th quarter worth approximately $30,000. Venturi Wealth Management LLC grew its stake in Trane Technologies by 139.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 151 shares of the company’s stock worth $31,000 after buying an additional 88 shares in the last quarter. 1832 Asset Management L.P. purchased a new position in Trane Technologies in the 1st quarter worth approximately $34,000. Finally, Avior Wealth Management LLC grew its stake in Trane Technologies by 58.0% in the 3rd quarter. Avior Wealth Management LLC now owns 177 shares of the company’s stock worth $36,000 after buying an additional 65 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on TT shares. Citigroup boosted their price target on shares of Trane Technologies from $309.00 to $355.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Royal Bank of Canada boosted their price target on shares of Trane Technologies from $231.00 to $246.00 and gave the stock a “sector perform” rating in a research note on Friday, February 2nd. The Goldman Sachs Group boosted their price target on shares of Trane Technologies from $253.00 to $287.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Stephens upped their price objective on shares of Trane Technologies from $235.00 to $280.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Finally, Barclays upped their price objective on shares of Trane Technologies from $286.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Trane Technologies presently has a consensus rating of “Hold” and a consensus target price of $251.83.

Trane Technologies Stock Down 1.3 %

Shares of NYSE TT opened at $289.39 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.78 and a debt-to-equity ratio of 0.57. Trane Technologies plc has a 12 month low of $162.04 and a 12 month high of $306.98. The firm has a market capitalization of $65.71 billion, a PE ratio of 32.92, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05. The firm has a fifty day simple moving average of $289.41 and a two-hundred day simple moving average of $250.29.

Trane Technologies (NYSE:TT) last posted 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. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. The firm had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.43 billion. During the same quarter in the prior year, the company posted $1.82 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts expect that Trane Technologies plc will post 10.2 earnings per share for the current year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a $0.84 dividend. The ex-dividend date is Thursday, June 6th. This represents a $3.36 dividend on an annualized basis and a yield of 1.16%. Trane Technologies’s dividend payout ratio is currently 38.23%.

Insider Activity at Trane Technologies

In other news, SVP Keith A. Sultana sold 1,637 shares of Trane Technologies stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $267.74, for a total transaction of $438,290.38. Following the completion of the transaction, the senior vice president now directly owns 42,374 shares of the company’s stock, valued at approximately $11,345,214.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP Keith A. Sultana sold 1,637 shares of the business’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 completion of the sale, the senior vice president now owns 42,374 shares of the company’s stock, valued at approximately $11,345,214.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Evan M. Turtz sold 2,821 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $288.33, for a total transaction of $813,378.93. Following the completion of the sale, the senior vice president now directly owns 20,729 shares of the company’s stock, valued at approximately $5,976,792.57. The disclosure for this sale can be found here. Insiders have sold a total of 29,874 shares of company stock worth $8,462,825 over the last quarter. Insiders own 0.39% of the company’s stock.

Trane Technologies Company 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.