Centiva Capital LP boosted its stake in Trane Technologies plc (NYSE:TT - Free Report) by 33.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,541 shares of the company's stock after purchasing an additional 1,635 shares during the quarter. Centiva Capital LP's holdings in Trane Technologies were worth $2,416,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently bought and sold shares of TT. Secured Retirement Advisors LLC increased its holdings in shares of Trane Technologies by 0.6% during the 4th quarter. Secured Retirement Advisors LLC now owns 4,628 shares of the company's stock worth $1,709,000 after buying an additional 28 shares during the last quarter. Catalina Capital Group LLC increased its stake in Trane Technologies by 3.2% during the fourth quarter. Catalina Capital Group LLC now owns 924 shares of the company's stock worth $341,000 after acquiring an additional 29 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Trane Technologies by 0.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 5,538 shares of the company's stock worth $2,046,000 after purchasing an additional 29 shares during the period. Kanawha Capital Management LLC lifted its stake in shares of Trane Technologies by 0.6% in the 4th quarter. Kanawha Capital Management LLC now owns 4,712 shares of the company's stock valued at $1,740,000 after purchasing an additional 29 shares in the last quarter. Finally, Kestra Private Wealth Services LLC grew its holdings in shares of Trane Technologies by 0.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 9,173 shares of the company's stock worth $3,388,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 82.97% of the company's stock.
Insider Transactions at Trane Technologies
In related news, insider Donald E. Simmons sold 3,571 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $380.00, for a total transaction of $1,356,980.00. Following the sale, the insider now owns 3,593 shares of the company's stock, valued at $1,365,340. The trade was a 49.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Christopher J. Kuehn sold 770 shares of Trane Technologies stock in a transaction on Monday, February 10th. The shares were sold at an average price of $358.39, for a total value of $275,960.30. Following the transaction, the chief financial officer now owns 62,221 shares in the company, valued at approximately $22,299,384.19. This trade represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,977 shares of company stock valued at $2,577,061. 0.38% of the stock is currently owned by corporate insiders.
Trane Technologies Stock Up 1.0 %
NYSE:TT opened at $406.94 on Wednesday. The stock has a 50-day simple moving average of $346.56 and a 200 day simple moving average of $372.09. Trane Technologies plc has a one year low of $298.15 and a one year high of $422.00. The company has a market capitalization of $90.76 billion, a price-to-earnings ratio of 36.17, a price-to-earnings-growth ratio of 2.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21.
Trane Technologies (NYSE:TT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.20 by $0.25. The firm had revenue of $4.69 billion for the quarter, compared to analysts' expectations of $4.46 billion. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. Trane Technologies's revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the company posted $1.94 earnings per share. Sell-side analysts predict that Trane Technologies plc will post 12.83 EPS for the current fiscal year.
Trane Technologies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a dividend of $0.94 per share. The ex-dividend date is Friday, June 6th. This represents a $3.76 dividend on an annualized basis and a yield of 0.92%. Trane Technologies's dividend payout ratio (DPR) is presently 31.28%.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Trane Technologies from $330.00 to $370.00 and gave the company an "underweight" rating in a research report on Thursday, May 1st. Melius Research reaffirmed a "hold" rating and set a $398.00 price target on shares of Trane Technologies in a research report on Tuesday, January 28th. Stephens raised Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 price objective on the stock in a research report on Thursday, May 1st. Citigroup upped their target price on Trane Technologies from $415.00 to $445.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. raised their target price on Trane Technologies from $323.00 to $334.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $421.07.
Check Out Our Latest Stock Analysis on Trane Technologies
Trane Technologies Company Profile
(
Free Report)
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.
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