9258 Wealth Management LLC Buys 545 Shares of Trane Technologies plc (NYSE:TT)

9258 Wealth Management LLC lifted its stake in shares of Trane Technologies plc (NYSE:TTFree Report) by 17.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,652 shares of the company’s stock after purchasing an additional 545 shares during the period. 9258 Wealth Management LLC’s holdings in Trane Technologies were worth $891,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in TT. NBC Securities Inc. bought a new stake in Trane Technologies in the 3rd quarter valued at $66,000. Assenagon Asset Management S.A. grew its holdings in Trane Technologies by 1.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 9,869 shares of the company’s stock valued at $2,003,000 after buying an additional 183 shares in the last quarter. Great Lakes Advisors LLC grew its holdings in Trane Technologies by 22.7% in the 3rd quarter. Great Lakes Advisors LLC now owns 15,636 shares of the company’s stock valued at $3,173,000 after buying an additional 2,893 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings in Trane Technologies by 10.9% in the 3rd quarter. Kingsview Wealth Management LLC now owns 1,877 shares of the company’s stock valued at $381,000 after buying an additional 184 shares in the last quarter. Finally, Keybank National Association OH grew its holdings in Trane Technologies by 3.2% in the 3rd quarter. Keybank National Association OH now owns 24,352 shares of the company’s stock valued at $4,941,000 after buying an additional 756 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Performance

NYSE:TT opened at $327.46 on Monday. The stock’s 50-day simple moving average is $312.18 and its 200 day simple moving average is $276.18. The firm has a market capitalization of $74.12 billion, a PE ratio of 34.99, a price-to-earnings-growth ratio of 2.61 and a beta of 1.01. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 0.58. Trane Technologies plc has a twelve month low of $162.04 and a twelve month high of $338.09.

Trane Technologies (NYSE:TTGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.30. The business had revenue of $4.22 billion for the quarter, compared to analyst estimates of $3.99 billion. Trane Technologies had a return on equity of 32.78% and a net margin of 11.81%. Trane Technologies’s revenue was up 15.0% compared to the same quarter last year. During the same period last year, the firm posted $1.41 earnings per share. On average, analysts anticipate that Trane Technologies plc will post 10.46 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a $0.84 dividend. The ex-dividend date is Friday, June 7th. This represents a $3.36 annualized dividend and a yield of 1.03%. Trane Technologies’s dividend payout ratio is presently 35.90%.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, CFO Christopher J. Kuehn sold 3,762 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $286.48, for a total value of $1,077,737.76. Following the completion of the transaction, the chief financial officer now directly owns 61,691 shares in the company, valued at $17,673,237.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Trane Technologies news, CFO Christopher J. Kuehn sold 3,762 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $286.48, for a total value of $1,077,737.76. Following the completion of the transaction, the chief financial officer now directly owns 61,691 shares in the company, valued at $17,673,237.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David S. Regnery sold 6,990 shares of the firm’s 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 of the company’s stock, valued at $32,589,600.06. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wells Fargo & Company upped their price objective on Trane Technologies from $281.00 to $295.00 and gave the company an “underweight” rating in a report on Thursday, May 2nd. Robert W. Baird upped their price objective on Trane Technologies from $315.00 to $344.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. The Goldman Sachs Group upped their price objective on Trane Technologies from $287.00 to $326.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Mizuho upped their price objective on Trane Technologies from $280.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Finally, Barclays increased their target price on Trane Technologies from $286.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $300.54.

Read Our Latest Analysis on Trane Technologies

Trane Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Trane Technologies (NYSE:TT)

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