GHP Investment Advisors Inc. Sells 123 Shares of Trane Technologies plc (NYSE:TT)

GHP Investment Advisors Inc. lessened its position in shares of Trane Technologies plc (NYSE:TT) by 19.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 525 shares of the company’s stock after selling 123 shares during the period. GHP Investment Advisors Inc.’s holdings in Trane Technologies were worth $128,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Rosenberg Matthew Hamilton increased its holdings in shares of Trane Technologies by 27.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 192 shares of the company’s stock worth $47,000 after buying an additional 41 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Trane Technologies by 2.3% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,847 shares of the company’s stock worth $450,000 after buying an additional 42 shares during the last quarter. Certuity LLC increased its holdings in shares of Trane Technologies by 3.1% in the 3rd quarter. Certuity LLC now owns 1,549 shares of the company’s stock worth $314,000 after buying an additional 46 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Trane Technologies by 2.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,972 shares of the company’s stock worth $400,000 after buying an additional 46 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC increased its holdings in shares of Trane Technologies by 1.6% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 3,042 shares of the company’s stock worth $617,000 after buying an additional 48 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling

In related news, SVP Keith A. Sultana sold 1,637 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 42,374 shares in the company, valued at approximately $11,345,214.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Trane Technologies news, SVP Keith A. Sultana sold 1,637 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now directly owns 42,374 shares in the company, valued at approximately $11,345,214.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Christopher J. Kuehn sold 2,767 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $268.31, for a total transaction of $742,413.77. Following the sale, the chief financial officer now directly owns 54,788 shares in the company, valued at approximately $14,700,168.28. The disclosure for this sale can be found here. Insiders sold a total of 29,874 shares of company stock worth $8,462,825 in the last three months. 0.39% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TT. The Goldman Sachs Group upped their price objective on shares of Trane Technologies from $253.00 to $287.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. 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. Citigroup upped their price objective on shares of Trane Technologies from $309.00 to $355.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Royal Bank of Canada upped their price objective on shares of Trane Technologies from $231.00 to $246.00 and gave the company a “sector perform” rating in a research note on Friday, February 2nd. Finally, 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. One equities research 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. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $251.83.

Trane Technologies Trading Down 0.1 %

NYSE:TT opened at $296.96 on Friday. The company has a 50-day moving average price of $287.68 and a 200-day moving average price of $248.09. Trane Technologies plc has a 12 month low of $162.04 and a 12 month high of $306.98. 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 stock has a market cap 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 (NYSE:TT) last posted its earnings results on Thursday, February 1st. The company reported $2.17 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $4.43 billion. During the same period last year, the company posted $1.82 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts predict that Trane Technologies plc will post 10.2 EPS for the current year.

Trane Technologies Dividend Announcement

The firm 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 is Thursday, June 6th. This represents a $3.36 annualized dividend and a dividend yield of 1.13%. Trane Technologies’s payout ratio is 38.23%.

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.