Bleakley Financial Group LLC Has $872,000 Stock Holdings in Trane Technologies plc (NYSE:TT)

Bleakley Financial Group LLC raised its stake in shares of Trane Technologies plc (NYSE:TT) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,577 shares of the company’s stock after purchasing an additional 113 shares during the quarter. Bleakley Financial Group LLC’s holdings in Trane Technologies were worth $872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of TT. Meeder Advisory Services Inc. grew its position in Trane Technologies by 5.5% in the fourth quarter. Meeder Advisory Services Inc. now owns 5,763 shares of the company’s stock valued at $1,406,000 after acquiring an additional 303 shares during the period. Pinkerton Retirement Specialists LLC acquired a new stake in shares of Trane Technologies in the 4th quarter valued at $217,000. Alphinity Investment Management Pty Ltd grew its holdings in shares of Trane Technologies by 11.4% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,018,431 shares of the company’s stock worth $492,295,000 after purchasing an additional 205,882 shares during the last quarter. Silvant Capital Management LLC lifted its holdings in Trane Technologies by 70.4% during the 4th quarter. Silvant Capital Management LLC now owns 24,597 shares of the company’s stock valued at $5,999,000 after purchasing an additional 10,163 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Trane Technologies by 0.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 133,038 shares of the company’s stock valued at $32,448,000 after purchasing an additional 910 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Stock Performance

Trane Technologies stock opened at $297.26 on Friday. Trane Technologies plc has a 1 year low of $162.04 and a 1 year high of $306.98. The company’s 50-day moving average is $287.27 and its two-hundred day moving average is $247.07. The company has a current ratio of 1.13, a quick ratio of 0.78 and a debt-to-equity ratio of 0.57. The company has a market cap of $67.50 billion, a PE ratio of 33.82, a PEG ratio of 2.56 and a beta of 1.05.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Thursday, February 1st. The company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.04. The firm had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.43 billion. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $1.82 earnings per share. Equities analysts anticipate that Trane Technologies plc will post 10.21 earnings per share for the current year.

Trane Technologies Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently weighed in on TT. Citigroup raised their price objective on shares of Trane Technologies from $309.00 to $355.00 and gave the stock a “buy” rating in a report on Monday. Barclays lifted their price objective on Trane Technologies from $286.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Stephens boosted their price objective on Trane Technologies from $235.00 to $280.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Wells Fargo & Company raised their target price on Trane Technologies from $200.00 to $246.00 and gave the company an “underweight” rating in a research note on Tuesday, December 19th. Finally, The Goldman Sachs Group upped their price target on shares of Trane Technologies from $253.00 to $287.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Trane Technologies has an average rating of “Hold” and an average target price of $246.54.

Insider Buying and Selling at Trane Technologies

In related news, SVP Evan M. Turtz sold 2,821 shares of Trane Technologies stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $288.33, for a total transaction of $813,378.93. Following the transaction, the senior vice president now owns 20,729 shares of the company’s stock, valued at approximately $5,976,792.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Evan M. Turtz sold 2,821 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $288.33, for a total value of $813,378.93. Following the completion of the sale, the senior vice president now owns 20,729 shares in the company, valued at approximately $5,976,792.57. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO David S. Regnery sold 6,990 shares of Trane Technologies stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $286.19, for a total value of $2,000,468.10. Following the transaction, the chief executive officer now owns 113,874 shares in the company, valued at $32,589,600.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,874 shares of company stock valued at $8,462,825. 0.39% of the stock is currently owned by company insiders.

About Trane Technologies

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.