Trane Technologies plc (NYSE:TT) Shares Sold by Gryphon Financial Partners LLC

Gryphon Financial Partners LLC lowered its holdings in shares of Trane Technologies plc (NYSE:TT) by 16.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 573 shares of the company’s stock after selling 112 shares during the period. Gryphon Financial Partners LLC’s holdings in Trane Technologies were worth $212,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Meridian Wealth Management LLC bought a new position in Trane Technologies in the 4th quarter valued at about $236,000. Fidelis Capital Partners LLC raised its stake in shares of Trane Technologies by 4.1% in the 4th quarter. Fidelis Capital Partners LLC now owns 1,067 shares of the company’s stock worth $385,000 after buying an additional 42 shares in the last quarter. LGT Fund Management Co Ltd. lifted its holdings in shares of Trane Technologies by 15.2% in the fourth quarter. LGT Fund Management Co Ltd. now owns 6,496 shares of the company’s stock valued at $2,399,000 after buying an additional 856 shares during the period. Plato Investment Management Ltd boosted its stake in Trane Technologies by 0.8% during the fourth quarter. Plato Investment Management Ltd now owns 11,926 shares of the company’s stock valued at $4,421,000 after buying an additional 95 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in Trane Technologies by 91.1% during the fourth quarter. Jones Financial Companies Lllp now owns 4,706 shares of the company’s stock worth $1,738,000 after acquiring an additional 2,243 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Price Performance

NYSE TT opened at $345.30 on Tuesday. The stock has a market capitalization of $77.45 billion, a PE ratio of 30.69, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05. The company has a 50 day moving average price of $370.62 and a two-hundred day moving average price of $380.68. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58. Trane Technologies plc has a 12-month low of $279.00 and a 12-month high of $422.00.

Trane Technologies (NYSE:TT) last posted its earnings results on Thursday, January 30th. The company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.52 by $0.09. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. As a group, equities analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a dividend of $0.94 per share. The ex-dividend date is Friday, March 7th. This represents a $3.76 dividend on an annualized basis and a yield of 1.09%. This is a boost from Trane Technologies’s previous quarterly dividend of $0.84. Trane Technologies’s dividend payout ratio is presently 29.87%.

Insider Buying and Selling at Trane Technologies

In other news, CEO David S. Regnery sold 2,754 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $357.34, for a total value of $984,114.36. Following the sale, the chief executive officer now owns 132,969 shares in the company, valued at approximately $47,515,142.46. This trade represents a 2.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Mairead Magner sold 4,329 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total transaction of $1,800,864.00. Following the transaction, the senior vice president now owns 12,893 shares of the company’s stock, valued at approximately $5,363,488. The trade was a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,563 shares of company stock worth $4,388,966 over the last 90 days. Insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

TT has been the subject of several recent research reports. Northcoast Research started coverage on shares of Trane Technologies in a research note on Friday, November 22nd. They set a “buy” rating and a $500.00 target price for the company. Citigroup cut their target price on Trane Technologies from $478.00 to $476.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. raised their target price on shares of Trane Technologies from $387.00 to $396.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. UBS Group reduced their price target on shares of Trane Technologies from $500.00 to $470.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Melius lowered Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 price target on the stock. in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Trane Technologies currently has a consensus rating of “Hold” and an average price target of $415.25.

Trane Technologies 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.