Braun Bostich & Associates Inc. Takes Position in Trane Technologies plc (NYSE:TT)

Braun Bostich & Associates Inc. acquired a new position in shares of Trane Technologies plc (NYSE:TT) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 535 shares of the company’s stock, valued at approximately $208,000.

Several other large investors have also recently bought and sold shares of TT. First Pacific Financial grew its holdings in shares of Trane Technologies by 1.1% in the 3rd quarter. First Pacific Financial now owns 2,674 shares of the company’s stock worth $1,039,000 after acquiring an additional 28 shares during the period. Lockerman Financial Group Inc. grew its stake in Trane Technologies by 9.6% in the 3rd quarter. Lockerman Financial Group Inc. now owns 1,143 shares of the company’s stock valued at $444,000 after acquiring an additional 100 shares during the last quarter. Swedbank AB grew its position in shares of Trane Technologies by 2.8% in the third quarter. Swedbank AB now owns 743,794 shares of the company’s stock valued at $289,135,000 after purchasing an additional 20,400 shares during the last quarter. Creative Planning increased its stake in shares of Trane Technologies by 5.8% during the 3rd quarter. Creative Planning now owns 62,756 shares of the company’s stock worth $24,395,000 after purchasing an additional 3,446 shares in the last quarter. Finally, Muirfield Wealth Advisors LLC raised its position in shares of Trane Technologies by 13.0% during the 3rd quarter. Muirfield Wealth Advisors LLC now owns 1,061 shares of the company’s stock worth $413,000 after purchasing an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TT shares. The Goldman Sachs Group boosted their price target on Trane Technologies from $364.00 to $407.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Wells Fargo & Company raised their price target on shares of Trane Technologies from $320.00 to $360.00 and gave the stock an “underweight” rating in a research note on Monday, October 7th. Barclays upped their price objective on shares of Trane Technologies from $394.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Robert W. Baird increased their price target on Trane Technologies from $360.00 to $365.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada upped their target price on Trane Technologies from $334.00 to $350.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $367.33.

Trane Technologies Trading Down 1.8 %

Shares of TT opened at $397.50 on Wednesday. The stock has a market cap of $89.97 billion, a PE ratio of 42.47, a P/E/G ratio of 2.75 and a beta of 1.01. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.17 and a quick ratio of 0.84. Trane Technologies plc has a 12 month low of $184.02 and a 12 month high of $406.96. The stock’s 50-day moving average is $365.09 and its two-hundred day moving average is $337.64.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.22. Trane Technologies had a net margin of 12.33% and a return on equity of 33.97%. The company had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.13 billion. During the same quarter last year, the company earned $2.68 earnings per share. Trane Technologies’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities analysts forecast that Trane Technologies plc will post 10.88 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Friday, December 6th. Trane Technologies’s payout ratio is currently 35.90%.

Insiders Place Their Bets

In other news, CEO David S. Regnery sold 29,450 shares of Trane Technologies stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $321.25, for a total value of $9,460,812.50. Following the completion of the transaction, the chief executive officer now directly owns 132,946 shares of the company’s stock, valued at approximately $42,708,902.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Raymond D. Pittard sold 1,805 shares of Trane Technologies stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $328.65, for a total value of $593,213.25. Following the sale, the executive vice president now directly owns 83,517 shares in the company, valued at $27,447,862.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David S. Regnery sold 29,450 shares of Trane Technologies stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $321.25, for a total value of $9,460,812.50. Following the sale, the chief executive officer now directly owns 132,946 shares in the company, valued at approximately $42,708,902.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.38% of the stock is owned by company insiders.

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.