Trium Capital LLP Purchases 2,552 Shares of Trane Technologies plc $TT

Key Points

• Trium Capital LLP boosted its stake in Trane Technologies (NYSE:TT) by 171.4% in Q4, buying an additional 2,552 shares to hold 4,041 shares worth $1.573M; institutional investors now own 82.97% of the stock and TT comprises 1.2% of Trium’s portfolio.
• Trane Technologies beat Q4 estimates with EPS of $2.86 versus $2.81 and revenue of $5.14B versus $5.09B, reporting 5.6% year-over-year revenue growth, a 13.69% net margin and a 36.34% return on equity.
• The company declared a quarterly dividend of $1.05 per share (annualized $4.20), payable June 30 with an ex-dividend date of June 5, implying a 0.9% yield and a 32.36% payout ratio.

Trium Capital LLP boosted its position in Trane Technologies plc (NYSE:TT - Free Report) by 171.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,041 shares of the company's stock after purchasing an additional 2,552 shares during the quarter. Trane Technologies makes up 1.2% of Trium Capital LLP's portfolio, making the stock its 24th biggest position. Trium Capital LLP's holdings in Trane Technologies were worth $1,573,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Financial Consulate Inc. bought a new position in Trane Technologies in the third quarter worth $25,000. United Community Bank raised its holdings in Trane Technologies by 134.4% in the third quarter. United Community Bank now owns 75 shares of the company's stock worth $32,000 after purchasing an additional 43 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of Trane Technologies during the third quarter valued at approximately $32,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Trane Technologies during the third quarter valued at approximately $42,000. Finally, Halbert Hargrove Global Advisors LLC increased its stake 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 valued at $43,000 after purchasing an additional 26 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

Trane Technologies Price Performance

Shares of TT opened at $459.32 on Friday. The company has a market capitalization of $101.66 billion, a P/E ratio of 35.39, a price-to-earnings-growth ratio of 2.36 and a beta of 1.21. The company has a quick ratio of 0.92, a current ratio of 1.25 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average of $440.04 and a 200 day moving average of $419.11. Trane Technologies plc has a twelve month low of $318.08 and a twelve month high of $479.37.

Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.05. The company had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.09 billion. Trane Technologies had a net margin of 13.69% and a return on equity of 36.34%. The firm's quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.61 earnings per share. As a group, equities research analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $4.20 annualized dividend and a dividend yield of 0.9%. Trane Technologies's dividend payout ratio (DPR) is 32.36%.

Insider Activity

In related news, CAO Elizabeth A. Elwell sold 635 shares of Trane Technologies stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $422.70, for a total value of $268,414.50. Following the completion of the sale, the chief accounting officer directly owned 7,100 shares in the company, valued at approximately $3,001,170. This trade represents a 8.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Donald E. Simmons sold 3,762 shares of Trane Technologies stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $422.70, for a total value of $1,590,197.40. Following the completion of the sale, the insider owned 3,819 shares of the company's stock, valued at $1,614,291.30. The trade was a 49.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 57,997 shares of company stock worth $25,107,014 over the last three months. 0.14% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TT shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Trane Technologies in a research note on Wednesday, January 21st. Citigroup raised their target price on shares of Trane Technologies from $513.00 to $525.00 and gave the company a "buy" rating in a research note on Friday, January 30th. JPMorgan Chase & Co. raised their target price on shares of Trane Technologies from $434.00 to $460.00 and gave the company a "neutral" rating in a research note on Friday, January 30th. Royal Bank Of Canada raised their price target on Trane Technologies from $469.00 to $470.00 and gave the company a "sector perform" rating in a report on Friday, January 30th. Finally, UBS Group reduced their price target on Trane Technologies from $544.00 to $520.00 and set a "buy" rating for the company in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $484.67.

Trane Technologies Company 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.

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