Trane Technologies plc (NYSE:TT) Shares Bought by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC boosted its stake in shares of Trane Technologies plc (NYSE:TTFree Report) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,503 shares of the company’s stock after buying an additional 113 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Trane Technologies were worth $2,074,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BKM Wealth Management LLC acquired a new stake in shares of Trane Technologies in the fourth quarter valued at approximately $25,000. Motco acquired a new stake in shares of Trane Technologies in the fourth quarter valued at approximately $27,000. Sachetta LLC acquired a new stake in shares of Trane Technologies in the fourth quarter valued at approximately $27,000. Ancora Advisors LLC acquired a new stake in shares of Trane Technologies in the third quarter valued at approximately $40,000. Finally, Gables Capital Management Inc. grew its position in shares of Trane Technologies by 68.2% in the fourth quarter. Gables Capital Management Inc. now owns 185 shares of the company’s stock valued at $45,000 after purchasing an additional 75 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Christopher J. Kuehn sold 4,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $318.67, for a total value of $1,274,680.00. Following the transaction, the chief financial officer now owns 61,293 shares of the company’s stock, valued at approximately $19,532,240.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Christopher J. Kuehn sold 4,000 shares of Trane Technologies stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $318.67, for a total transaction of $1,274,680.00. Following the sale, the chief financial officer now owns 61,293 shares of the company’s stock, valued at approximately $19,532,240.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Evan M. Turtz sold 8,988 shares of Trane Technologies stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $321.30, for a total transaction of $2,887,844.40. Following the sale, the senior vice president now directly owns 20,758 shares in the company, valued at approximately $6,669,545.40. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TT shares. Wells Fargo & Company increased their price target on shares of Trane Technologies from $281.00 to $295.00 and gave the company an “underweight” rating in a research report on Thursday, May 2nd. UBS Group raised their target price on shares of Trane Technologies from $330.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, June 3rd. Stephens raised their target price on shares of Trane Technologies from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 1st. Citigroup raised their target price on shares of Trane Technologies from $355.00 to $366.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, TD Cowen raised their target price on shares of Trane Technologies from $325.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Trane Technologies has an average rating of “Hold” and a consensus target price of $309.79.

Check Out Our Latest Analysis on Trane Technologies

Trane Technologies Stock Performance

NYSE:TT opened at $319.03 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 0.58. The company has a market cap of $72.21 billion, a P/E ratio of 34.08, a P/E/G ratio of 2.53 and a beta of 1.01. Trane Technologies plc has a fifty-two week low of $174.66 and a fifty-two week high of $338.09. The firm’s 50 day moving average is $314.23 and its two-hundred day moving average is $279.10.

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

Trane Technologies Announces Dividend

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

Trane Technologies Company 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.

See Also

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

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