Paradigm Financial Partners LLC Sells 100 Shares of Trane Technologies plc (NYSE:TT)

Paradigm Financial Partners LLC reduced its holdings in shares of Trane Technologies plc (NYSE:TT) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,090 shares of the company’s stock after selling 100 shares during the quarter. Paradigm Financial Partners LLC’s holdings in Trane Technologies were worth $2,461,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Avior Wealth Management LLC lifted its position in shares of Trane Technologies by 58.0% during the 3rd quarter. Avior Wealth Management LLC now owns 177 shares of the company’s stock valued at $36,000 after buying an additional 65 shares during the last quarter. Caprock Group LLC boosted its holdings in shares of Trane Technologies by 15.8% in the 3rd quarter. Caprock Group LLC now owns 1,528 shares of the company’s stock worth $310,000 after purchasing an additional 208 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in Trane Technologies by 5.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 37,311 shares of the company’s stock valued at $7,571,000 after acquiring an additional 2,037 shares during the period. Ballentine Partners LLC boosted its holdings in Trane Technologies by 3.6% during the 3rd quarter. Ballentine Partners LLC now owns 1,802 shares of the company’s stock valued at $366,000 after acquiring an additional 62 shares during the period. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in Trane Technologies during the 3rd quarter valued at about $208,000. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Stock Up 1.7 %

TT stock traded up $5.16 on Friday, reaching $304.53. 961,790 shares of the company traded hands, compared to its average volume of 833,800. Trane Technologies plc has a one year low of $162.04 and a one year high of $306.98. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.13 and a quick ratio of 0.78. The company has a market cap of $69.15 billion, a P/E ratio of 34.65, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05. The firm has a fifty day simple moving average of $292.22 and a 200-day simple moving average of $254.57.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, February 1st. The company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.04. The company had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.43 billion. Trane Technologies had a return on equity of 32.01% and a net margin of 11.45%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $1.82 EPS. Research analysts anticipate that Trane Technologies plc will post 10.2 earnings per share for the current year.

Trane Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.84 per share. The ex-dividend date is Thursday, June 6th. This represents a $3.36 dividend on an annualized basis and a yield of 1.10%. Trane Technologies’s dividend payout ratio is presently 38.23%.

Insider Transactions at Trane Technologies

In other news, SVP Keith A. Sultana sold 1,637 shares of Trane Technologies stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $267.74, for a total value of $438,290.38. Following the sale, the senior vice president now directly owns 42,374 shares of the company’s stock, valued at $11,345,214.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Trane Technologies news, CFO Christopher J. Kuehn sold 2,767 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $268.31, for a total transaction of $742,413.77. Following the completion of the transaction, the chief financial officer now owns 54,788 shares in the company, valued at $14,700,168.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Keith A. Sultana sold 1,637 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $11,345,214.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,874 shares of company stock valued at $8,462,825. 0.39% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

About Trane Technologies

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.