Evan M. Turtz Sells 8,988 Shares of Trane Technologies plc (NYSE:TT) Stock

Trane Technologies plc (NYSE:TTGet Free Report) SVP Evan M. Turtz sold 8,988 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $321.30, for a total value of $2,887,844.40. Following the sale, the senior vice president now directly owns 20,758 shares of the company’s stock, valued at approximately $6,669,545.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Trane Technologies Price Performance

TT opened at $319.03 on Friday. The stock has a fifty day simple moving average of $314.23 and a two-hundred day simple moving average of $279.10. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 0.58. The company has a market cap of $72.21 billion, a price-to-earnings ratio of 34.08, a price-to-earnings-growth ratio of 2.53 and a beta of 1.01. Trane Technologies plc has a 12-month low of $174.66 and a 12-month high of $338.09.

Trane Technologies (NYSE:TTGet Free Report) last issued its quarterly earnings results 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. Trane Technologies had a return on equity of 32.78% and a net margin of 11.81%. The firm had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same period last year, the company earned $1.41 earnings per share. The company’s revenue was up 15.0% on a year-over-year basis. Research analysts predict that Trane Technologies plc will post 10.46 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.84 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.36 annualized dividend and a dividend yield of 1.05%. Trane Technologies’s payout ratio is presently 35.90%.

Hedge Funds Weigh In On Trane Technologies

Several institutional investors and hedge funds have recently modified their holdings of TT. Norges Bank bought a new position in shares of Trane Technologies during the fourth quarter valued at $655,804,000. International Assets Investment Management LLC increased its holdings in Trane Technologies by 24,670.7% in the 4th quarter. International Assets Investment Management LLC now owns 1,034,423 shares of the company’s stock worth $252,296,000 after buying an additional 1,030,247 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Trane Technologies by 5.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,085,662 shares of the company’s stock worth $3,466,852,000 after buying an additional 880,583 shares in the last quarter. Swedbank AB bought a new stake in Trane Technologies in the 1st quarter worth about $206,211,000. Finally, TD Asset Management Inc increased its holdings in Trane Technologies by 719.8% in the 4th quarter. TD Asset Management Inc now owns 750,894 shares of the company’s stock worth $183,143,000 after buying an additional 659,299 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TT has been the subject of a number of research analyst reports. Robert W. Baird raised their price target on Trane Technologies from $315.00 to $344.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. The Goldman Sachs Group raised their price target on Trane Technologies from $287.00 to $326.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. TD Cowen raised their price target on Trane Technologies from $325.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. UBS Group raised their price target on Trane Technologies from $330.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, June 3rd. Finally, Mizuho raised their price target on Trane Technologies from $280.00 to $325.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Trane Technologies has a consensus rating of “Hold” and an average price target of $309.79.

Check Out Our Latest Stock Report on Trane Technologies

About Trane Technologies

(Get 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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Insider Buying and Selling by Quarter for Trane Technologies (NYSE:TT)

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