Choreo LLC Has $4.24 Million Stake in Trane Technologies plc $TT

Choreo LLC lowered its stake in shares of Trane Technologies plc (NYSE:TT) by 10.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 10,048 shares of the company’s stock after selling 1,208 shares during the period. Choreo LLC’s holdings in Trane Technologies were worth $4,240,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Trane Technologies by 60.0% in the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock valued at $2,288,000 after purchasing an additional 2,323 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in Trane Technologies by 22.4% during the second quarter. Sivia Capital Partners LLC now owns 1,665 shares of the company’s stock valued at $728,000 after purchasing an additional 305 shares in the last quarter. Schnieders Capital Management LLC. bought a new stake in shares of Trane Technologies in the 2nd quarter valued at approximately $227,000. Arkadios Wealth Advisors boosted its stake in Trane Technologies by 108.5% in the 2nd quarter. Arkadios Wealth Advisors now owns 4,715 shares of the company’s stock valued at $2,062,000 after buying an additional 2,454 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its position in Trane Technologies by 1,016.7% in the second quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock valued at $29,000 after buying an additional 61 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TT has been the subject of several recent analyst reports. KeyCorp raised shares of Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a report on Monday, December 15th. Citigroup lifted their price objective on Trane Technologies from $513.00 to $525.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Bank of America upgraded Trane Technologies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $490.00 to $550.00 in a report on Thursday, November 13th. JPMorgan Chase & Co. lifted their price target on Trane Technologies from $434.00 to $460.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Finally, Melius Research upgraded shares of Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 price target on the stock in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $484.67.

Trane Technologies Price Performance

Trane Technologies stock opened at $461.71 on Friday. The business’s 50-day simple moving average is $417.67 and its 200 day simple moving average is $416.71. The company has a quick ratio of 0.92, a current ratio of 1.25 and a debt-to-equity ratio of 0.46. The stock has a market cap of $102.19 billion, a price-to-earnings ratio of 35.57, a P/E/G ratio of 2.41 and a beta of 1.21. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $479.37.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Thursday, January 29th. The company reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.05. Trane Technologies had a return on equity of 36.34% and a net margin of 13.69%.The firm had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.09 billion. During the same period in the previous year, the business posted $2.61 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, research analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $4.20 dividend on an annualized basis and a yield of 0.9%. This is a boost from Trane Technologies’s previous quarterly dividend of $0.94. Trane Technologies’s dividend payout ratio (DPR) is presently 28.97%.

Insider Buying and Selling at Trane Technologies

In other news, CEO David S. Regnery sold 5,588 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $462.60, for a total value of $2,585,008.80. Following the transaction, the chief executive officer owned 96,948 shares of the company’s stock, valued at $44,848,144.80. This represents a 5.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Elizabeth A. Elwell sold 137 shares of Trane Technologies stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $462.48, for a total value of $63,359.76. Following the sale, the chief accounting officer directly owned 7,100 shares of the company’s stock, valued at approximately $3,283,608. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 8,936 shares of company stock worth $4,133,991. 0.14% of the stock is currently owned by insiders.

About Trane Technologies

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.