Wetzel Investment Advisors Inc. Makes New $399,000 Investment in Trane Technologies plc (NYSE:TT)

Wetzel Investment Advisors Inc. bought a new position in shares of Trane Technologies plc (NYSE:TT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,635 shares of the company’s stock, valued at approximately $399,000.

Other hedge funds also recently added to or reduced their stakes in the company. Keel Point LLC increased its position in shares of Trane Technologies by 3.0% in the 4th quarter. Keel Point LLC now owns 1,326 shares of the company’s stock valued at $323,000 after purchasing an additional 39 shares during the last quarter. Rosenberg Matthew Hamilton increased its position in shares of Trane Technologies by 27.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 192 shares of the company’s stock valued at $47,000 after purchasing an additional 41 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Trane Technologies by 2.3% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,847 shares of the company’s stock valued at $450,000 after purchasing an additional 42 shares during the last quarter. Cedrus LLC increased its position in shares of Trane Technologies by 2.6% in the 4th quarter. Cedrus LLC now owns 1,669 shares of the company’s stock valued at $407,000 after purchasing an additional 43 shares during the last quarter. Finally, Certuity LLC increased its position in shares of Trane Technologies by 3.1% in the 3rd quarter. Certuity LLC now owns 1,549 shares of the company’s stock valued at $314,000 after purchasing an additional 46 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Trane Technologies

In related news, CFO Christopher J. Kuehn sold 3,762 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $286.48, for a total value of $1,077,737.76. Following the completion of the sale, the chief financial officer now owns 61,691 shares in the company, valued at $17,673,237.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Keith A. Sultana sold 1,637 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $267.74, for a total value of $438,290.38. Following the completion of the sale, the senior vice president now owns 42,374 shares in the company, valued at $11,345,214.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Christopher J. Kuehn sold 3,762 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $286.48, for a total transaction of $1,077,737.76. Following the completion of the sale, the chief financial officer now owns 61,691 shares of the company’s stock, valued at approximately $17,673,237.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,874 shares of company stock worth $8,462,825. Company insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

TT has been the topic of a number of recent analyst reports. Barclays increased their price objective on shares of Trane Technologies from $286.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada increased their target price on shares of Trane Technologies from $231.00 to $246.00 and gave the company a “sector perform” rating in a research report on Friday, February 2nd. The Goldman Sachs Group increased their target price on shares of Trane Technologies from $253.00 to $287.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. Citigroup increased their target price on shares of Trane Technologies from $309.00 to $355.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, Stephens increased their target price on shares of Trane Technologies from $235.00 to $280.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $251.83.

Trane Technologies Stock Performance

Trane Technologies stock traded down $1.29 during midday trading on Friday, hitting $288.27. 790,678 shares of the company’s stock were exchanged, compared to its average volume of 994,617. Trane Technologies plc has a 12-month low of $162.04 and a 12-month high of $306.98. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 1.13. The stock has a market cap of $65.46 billion, a price-to-earnings ratio of 32.80, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05. The firm’s 50 day simple moving average is $289.67 and its 200 day simple moving average is $250.91.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, February 1st. The company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.13 by $0.04. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. The company had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.43 billion. During the same quarter last year, the business earned $1.82 EPS. The business’s revenue was up 8.6% on a year-over-year basis. Equities research analysts predict that Trane Technologies plc will post 10.2 EPS for the current year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Thursday, June 6th. Trane Technologies’s dividend payout ratio (DPR) is presently 38.23%.

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.