Bridgefront Capital LLC Has $1.59 Million Holdings in Trane Technologies plc (NYSE:TT)

Bridgefront Capital LLC boosted its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 90.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,309 shares of the company's stock after buying an additional 2,050 shares during the period. Trane Technologies makes up about 0.5% of Bridgefront Capital LLC's investment portfolio, making the stock its 21st largest position. Bridgefront Capital LLC's holdings in Trane Technologies were worth $1,592,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sound Income Strategies LLC lifted its holdings in Trane Technologies by 1,314.3% in the 4th quarter. Sound Income Strategies LLC now owns 99 shares of the company's stock worth $37,000 after buying an additional 92 shares in the last quarter. Flagship Wealth Advisors LLC purchased a new stake in Trane Technologies during the 4th quarter worth approximately $37,000. Golden State Wealth Management LLC acquired a new stake in shares of Trane Technologies during the fourth quarter worth approximately $39,000. BankPlus Trust Department acquired a new stake in Trane Technologies in the fourth quarter valued at $45,000. Finally, Centricity Wealth Management LLC bought a new stake in shares of Trane Technologies in the 4th quarter worth about $55,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on TT shares. Melius Research reiterated a "hold" rating and issued a $398.00 price target on shares of Trane Technologies in a research note on Tuesday, January 28th. Melius downgraded shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price objective for the company. in a report on Tuesday, January 28th. Citigroup increased their target price on shares of Trane Technologies from $415.00 to $445.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. lifted their price target on shares of Trane Technologies from $323.00 to $334.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Finally, Wells Fargo & Company increased their price objective on shares of Trane Technologies from $330.00 to $370.00 and gave the stock an "underweight" rating in a research note on Thursday, May 1st. One 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $421.07.

Insider Activity

In other news, CFO Christopher J. Kuehn sold 770 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $358.39, for a total value of $275,960.30. Following the completion of the sale, the chief financial officer now owns 62,221 shares of the company's stock, valued at $22,299,384.19. This trade represents a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO David S. Regnery sold 2,318 shares of Trane Technologies stock in a transaction on Monday, February 10th. The shares were sold at an average price of $358.17, for a total value of $830,238.06. Following the transaction, the chief executive officer now owns 126,831 shares in the company, valued at $45,427,059.27. This represents a 1.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,977 shares of company stock valued at $2,577,061 over the last three months. Insiders own 0.38% of the company's stock.

Trane Technologies Price Performance

NYSE:TT traded down $1.33 during midday trading on Friday, hitting $404.32. 1,914,403 shares of the stock were exchanged, compared to its average volume of 1,336,566. The business has a 50-day moving average price of $350.05 and a two-hundred day moving average price of $372.45. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $90.17 billion, a price-to-earnings ratio of 35.94, a P/E/G ratio of 2.50 and a beta of 1.14. Trane Technologies plc has a one year low of $298.15 and a one year high of $422.00.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.25. The company had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.46 billion. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. The business's revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.94 EPS. Sell-side analysts predict that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Friday, June 6th. Trane Technologies's payout ratio is 31.28%.

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.