Trane Technologies plc (NYSE:TT) Shares Sold by Lockerman Financial Group Inc.

Lockerman Financial Group Inc. lessened its holdings in shares of Trane Technologies plc (NYSE:TT) by 3.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 945 shares of the company’s stock after selling 37 shares during the quarter. Lockerman Financial Group Inc.’s holdings in Trane Technologies were worth $284,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. GSA Capital Partners LLP acquired a new stake in Trane Technologies in the fourth quarter valued at approximately $3,086,000. Wellington Management Group LLP increased its stake in Trane Technologies by 36.4% in the third quarter. Wellington Management Group LLP now owns 1,639,058 shares of the company’s stock valued at $332,581,000 after purchasing an additional 436,997 shares during the last quarter. Capital World Investors increased its stake in Trane Technologies by 0.6% in the fourth quarter. Capital World Investors now owns 2,176,595 shares of the company’s stock valued at $530,870,000 after purchasing an additional 11,930 shares during the last quarter. Stifel Financial Corp increased its stake in Trane Technologies by 26.8% in the fourth quarter. Stifel Financial Corp now owns 99,611 shares of the company’s stock valued at $24,295,000 after purchasing an additional 21,040 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in Trane Technologies by 11.9% in the fourth quarter. Schroder Investment Management Group now owns 322,994 shares of the company’s stock valued at $78,778,000 after purchasing an additional 34,243 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Activity at Trane Technologies

In related news, SVP Evan M. Turtz sold 8,988 shares of the company’s 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 completion of the transaction, the senior vice president now directly owns 20,758 shares in the company, valued at approximately $6,669,545.40. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, SVP Evan M. Turtz sold 8,988 shares of the company’s 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 completion of the transaction, the senior vice president now directly owns 20,758 shares in the company, valued at approximately $6,669,545.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Christopher J. Kuehn sold 4,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was 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 $19,532,240.31. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

TT has been the subject of a number of recent analyst reports. Robert W. Baird raised their target price 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 raised their target price on Trane Technologies from $287.00 to $326.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Stephens raised their target price on Trane Technologies from $310.00 to $320.00 and gave the company an “equal weight” rating in a report on Wednesday, May 1st. TD Cowen raised their target price on Trane Technologies from $325.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Citigroup lifted their price target on Trane Technologies from $355.00 to $366.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Trane Technologies currently has an average rating of “Hold” and an average target price of $309.79.

Trane Technologies Stock Up 0.2 %

Shares of TT traded up $0.71 during trading on Friday, reaching $334.36. The company’s stock had a trading volume of 118,393 shares, compared to its average volume of 1,042,793. The company has a fifty day moving average of $323.56 and a two-hundred day moving average of $288.77. Trane Technologies plc has a twelve month low of $184.02 and a twelve month high of $345.46. The company has a market cap of $75.68 billion, a price-to-earnings ratio of 35.65, a P/E/G ratio of 2.62 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 (NYSE:TT) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $1.94 earnings per share (EPS) 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%. The business’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.41 EPS. On average, sell-side analysts predict that Trane Technologies plc will post 10.46 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, September 6th. Trane Technologies’s dividend payout ratio is currently 35.90%.

Trane Technologies Company Profile

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.