Clarius Group LLC Reduces Position in Trane Technologies plc (NYSE:TT)

Clarius Group LLC decreased its holdings in shares of Trane Technologies plc (NYSE:TT) by 7.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,548 shares of the company’s stock after selling 132 shares during the quarter. Clarius Group LLC’s holdings in Trane Technologies were worth $378,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TT. BKM Wealth Management LLC acquired a new position in shares of Trane Technologies during the 4th quarter valued at about $25,000. Live Oak Investment Partners acquired a new position in shares of Trane Technologies during the 4th quarter valued at about $30,000. Venturi Wealth Management LLC boosted its position in shares of Trane Technologies by 139.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 151 shares of the company’s stock valued at $31,000 after acquiring an additional 88 shares during the last quarter. 1832 Asset Management L.P. acquired a new position in shares of Trane Technologies during the 1st quarter valued at about $34,000. Finally, Avior Wealth Management LLC boosted its position in shares of Trane Technologies by 58.0% during the 3rd quarter. Avior Wealth Management LLC now owns 177 shares of the company’s stock valued at $36,000 after acquiring an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Down 0.1 %

TT stock opened at $296.96 on Monday. The company’s 50 day moving average price is $287.68 and its 200 day moving average price is $248.43. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 1.13. Trane Technologies plc has a fifty-two week low of $162.04 and a fifty-two week high of $306.98. The firm has a market capitalization of $67.43 billion, a price-to-earnings ratio of 33.78, a PEG ratio of 2.51 and a beta of 1.05.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, February 1st. The company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $4.43 billion. During the same period in the prior year, the firm earned $1.82 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts anticipate that Trane Technologies plc will post 10.2 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

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

Insider Activity

In other news, CEO David S. Regnery sold 6,990 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 113,874 shares of the company’s stock, valued at $32,589,600.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO David S. Regnery sold 6,990 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $286.19, for a total transaction of $2,000,468.10. Following the completion of the sale, the chief executive officer now directly owns 113,874 shares of the company’s stock, valued at $32,589,600.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Paul A. Camuti sold 508 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $273.34, for a total value of $138,856.72. Following the sale, the executive vice president now directly owns 89,447 shares of the company’s stock, valued at $24,449,442.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,874 shares of company stock valued at $8,462,825. 0.39% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Stephens boosted their price target on shares of Trane Technologies from $235.00 to $280.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. Citigroup upped their target price on shares of Trane Technologies from $309.00 to $355.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Wells Fargo & Company upped their target price on shares of Trane Technologies from $200.00 to $246.00 and gave the company an “underweight” rating in a research report on Tuesday, December 19th. Royal Bank of Canada upped their target price on shares of Trane Technologies from $231.00 to $246.00 and gave the company a “sector perform” rating in a research report on Friday, February 2nd. Finally, The Goldman Sachs Group upped their target price on shares of Trane Technologies from $253.00 to $287.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Trane Technologies presently has an average rating of “Hold” and an average price target of $251.83.

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.