Condor Capital Management Has $5.85 Million Stock Holdings in Trane Technologies plc (NYSE:TT)

Condor Capital Management lessened its position in Trane Technologies plc (NYSE:TT) by 3.0% in the 4th quarter, Holdings Channel reports. The firm owned 15,833 shares of the company’s stock after selling 497 shares during the period. Condor Capital Management’s holdings in Trane Technologies were worth $5,848,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Swedbank AB raised its stake in Trane Technologies by 2.8% during the 3rd quarter. Swedbank AB now owns 743,794 shares of the company’s stock worth $289,135,000 after buying an additional 20,400 shares during the period. Pathstone Holdings LLC raised its position in shares of Trane Technologies by 9.9% during the third quarter. Pathstone Holdings LLC now owns 41,808 shares of the company’s stock worth $16,252,000 after purchasing an additional 3,766 shares during the period. Caprock Group LLC grew its position in shares of Trane Technologies by 36.3% in the 3rd quarter. Caprock Group LLC now owns 5,264 shares of the company’s stock valued at $2,046,000 after purchasing an additional 1,401 shares during the period. West Family Investments Inc. increased its stake in Trane Technologies by 17.2% during the 3rd quarter. West Family Investments Inc. now owns 1,072 shares of the company’s stock worth $417,000 after purchasing an additional 157 shares in the last quarter. Finally, Avior Wealth Management LLC increased its position in shares of Trane Technologies by 18.2% during the third quarter. Avior Wealth Management LLC now owns 1,186 shares of the company’s stock worth $461,000 after acquiring an additional 183 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TT. Melius Research reissued a “hold” rating and issued a $398.00 target price on shares of Trane Technologies in a research report on Tuesday, January 28th. Royal Bank of Canada boosted their price objective on shares of Trane Technologies from $390.00 to $395.00 and gave the stock a “sector perform” rating in a research report on Friday, January 3rd. Wells Fargo & Company decreased their target price on shares of Trane Technologies from $380.00 to $360.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Barclays reduced their price objective on shares of Trane Technologies from $500.00 to $475.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. Finally, UBS Group lowered their target price on Trane Technologies from $500.00 to $470.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $413.69.

Trane Technologies Trading Up 1.8 %

Shares of Trane Technologies stock opened at $350.28 on Thursday. Trane Technologies plc has a 1 year low of $286.32 and a 1 year high of $422.00. The company has a market capitalization of $78.56 billion, a price-to-earnings ratio of 31.14, a P/E/G ratio of 2.50 and a beta of 1.08. The business has a fifty day simple moving average of $362.58 and a two-hundred day simple moving average of $379.83. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.21 and a quick ratio of 0.88.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.09. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. Research analysts forecast that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Increases Dividend

The company also recently disclosed 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. This is a boost from Trane Technologies’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Friday, March 7th. This represents a $3.76 annualized dividend and a yield of 1.07%. Trane Technologies’s dividend payout ratio (DPR) is presently 33.42%.

Insider Buying and Selling

In other news, CFO Christopher J. Kuehn sold 770 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $358.39, for a total transaction of $275,960.30. Following the completion of the sale, the chief financial officer now directly owns 62,221 shares in the company, valued at approximately $22,299,384.19. This represents a 1.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David S. Regnery sold 2,318 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $358.17, for a total value of $830,238.06. Following the sale, the chief executive officer now directly owns 126,831 shares in the company, valued at approximately $45,427,059.27. This trade represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,234 shares of company stock valued at $2,588,102. 0.38% of the stock is owned by company insiders.

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.