Trane Technologies plc (NYSE:TT) Shares Bought by Yousif Capital Management LLC

Posted by Defense World Staff on Mar 19th, 2023

Yousif Capital Management LLC raised its position in Trane Technologies plc (NYSE:TT – Get Rating) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,778 shares of the company’s stock after acquiring an additional 1,224 shares during the period. Yousif Capital Management LLC’s holdings in Trane Technologies were worth $6,182,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Waldron Private Wealth LLC lifted its stake in shares of Trane Technologies by 2.9% during the third quarter. Waldron Private Wealth LLC now owns 2,155 shares of the company’s stock worth $312,000 after buying an additional 60 shares during the period. CVA Family Office LLC lifted its stake in shares of Trane Technologies by 11.3% during the third quarter. CVA Family Office LLC now owns 590 shares of the company’s stock worth $85,000 after buying an additional 60 shares during the period. Transamerica Financial Advisors Inc. lifted its stake in shares of Trane Technologies by 9.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 736 shares of the company’s stock worth $107,000 after buying an additional 61 shares during the period. HBK Sorce Advisory LLC lifted its stake in shares of Trane Technologies by 3.8% during the third quarter. HBK Sorce Advisory LLC now owns 1,813 shares of the company’s stock worth $263,000 after buying an additional 67 shares during the period. Finally, Dorsey & Whitney Trust CO LLC lifted its stake in shares of Trane Technologies by 3.1% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 2,336 shares of the company’s stock worth $304,000 after buying an additional 70 shares during the period. 81.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Trane Technologies

In other news, SVP Evan M. Turtz sold 2,095 shares of the business’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $190.83, for a total transaction of $399,788.85. Following the completion of the sale, the senior vice president now owns 19,601 shares of the company’s stock, valued at $3,740,458.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Evan M. Turtz sold 2,095 shares of the company’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $190.83, for a total transaction of $399,788.85. Following the completion of the sale, the senior vice president now owns 19,601 shares of the company’s stock, valued at approximately $3,740,458.83. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Paul A. Camuti sold 7,950 shares of the company’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $190.78, for a total transaction of $1,516,701.00. Following the sale, the executive vice president now directly owns 89,021 shares of the company’s stock, valued at approximately $16,983,426.38. The disclosure for this sale can be found here. Insiders sold 38,970 shares of company stock valued at $6,927,921 over the last 90 days. Corporate insiders own 0.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TT shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Trane Technologies from $170.00 to $184.00 in a research note on Friday, February 3rd. Barclays boosted their target price on shares of Trane Technologies from $190.00 to $193.00 and gave the company an “overweight” rating in a research report on Thursday, January 5th. UBS Group boosted their target price on shares of Trane Technologies from $200.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, March 7th. Wells Fargo & Company boosted their target price on shares of Trane Technologies from $163.00 to $176.00 and gave the company an “underweight” rating in a research report on Friday, February 3rd. Finally, Stephens boosted their target price on shares of Trane Technologies from $170.00 to $185.00 and gave the company an “equal weight” rating in a research report on Monday, February 6th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $183.78.

Trane Technologies Stock Down 2.0 %

TT opened at $177.53 on Friday. Trane Technologies plc has a fifty-two week low of $120.64 and a fifty-two week high of $196.22. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.77 and a current ratio of 1.12. The company has a fifty day moving average of $181.96 and a two-hundred day moving average of $169.74. The stock has a market capitalization of $40.67 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 2.19 and a beta of 1.00.

Trane Technologies (NYSE:TT – Get Rating) last released its earnings results on Thursday, February 2nd. The company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.18. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.94 billion. Trane Technologies had a net margin of 10.98% and a return on equity of 29.14%. The company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.36 earnings per share. On average, research analysts expect that Trane Technologies plc will post 8.34 earnings per share for the current year.

Trane Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 3rd will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, March 2nd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.69%. This is a boost from Trane Technologies’s previous quarterly dividend of $0.67. Trane Technologies’s payout ratio is currently 40.05%.

Trane Technologies Profile

(Get Rating)

Trane Technologies Plc engages in providing solutions to buildings, homes, and transportation. It operates through the following business segments: Americas, EMEA, and Asia Pacific. The Americas segment encompasses commercial heating and cooling systems, building controls, and energy services and solutions, residential heating and cooling, and transport refrigeration systems, and solutions in North America and Latin America regions.