Crossmark Global Holdings Inc. Has $6.21 Million Stake in Trane Technologies plc $TT

Crossmark Global Holdings Inc. lowered its stake in Trane Technologies plc (NYSE:TT) by 16.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,724 shares of the company’s stock after selling 2,927 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Trane Technologies were worth $6,213,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Financial Consulate Inc. acquired a new position in Trane Technologies during the 3rd quarter worth approximately $25,000. Icon Advisers Inc. Co. acquired a new stake in Trane Technologies in the second quarter valued at approximately $26,000. Hantz Financial Services Inc. grew its stake in shares of Trane Technologies by 1,016.7% during the second quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock worth $29,000 after buying an additional 61 shares during the last quarter. United Community Bank grew its stake in shares of Trane Technologies by 134.4% during the third quarter. United Community Bank now owns 75 shares of the company’s stock worth $32,000 after buying an additional 43 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC increased its holdings in shares of Trane Technologies by 34.2% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 102 shares of the company’s stock worth $43,000 after buying an additional 26 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Stock Performance

NYSE TT opened at $423.04 on Friday. The company has a market capitalization of $93.63 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 2.30 and a beta of 1.19. The company has a quick ratio of 0.92, a current ratio of 1.25 and a debt-to-equity ratio of 0.46. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $479.37. The stock has a fifty day simple moving average of $422.75 and a 200 day simple moving average of $417.13.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Thursday, January 29th. The company reported $2.86 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.05. The firm had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.09 billion. Trane Technologies had a return on equity of 36.34% and a net margin of 13.69%.The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.61 EPS. Sell-side analysts expect that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be issued a $1.05 dividend. The ex-dividend date is Friday, March 6th. This is a boost from Trane Technologies’s previous quarterly dividend of $0.94. This represents a $4.20 annualized dividend and a yield of 1.0%. Trane Technologies’s dividend payout ratio (DPR) is currently 28.97%.

Insider Activity

In other Trane Technologies news, CFO Christopher J. Kuehn sold 2,389 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $462.70, for a total transaction of $1,105,390.30. Following the completion of the transaction, the chief financial officer owned 60,486 shares in the company, valued at approximately $27,986,872.20. This trade represents a 3.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David S. Regnery sold 5,588 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $462.60, for a total transaction of $2,585,008.80. Following the completion of the transaction, the chief executive officer owned 96,948 shares in the company, valued at $44,848,144.80. This trade represents a 5.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,936 shares of company stock worth $4,133,991 in the last 90 days. 0.14% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TT shares. Oppenheimer raised their price objective on Trane Technologies from $460.00 to $468.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Bank of America raised Trane Technologies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $490.00 to $550.00 in a report on Thursday, November 13th. JPMorgan Chase & Co. increased their target price on Trane Technologies from $434.00 to $460.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Citigroup lifted their price target on Trane Technologies from $513.00 to $525.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Finally, KeyCorp upgraded Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $484.67.

Trane Technologies Profile

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.