Trane Technologies plc (NYSE:TT) Position Reduced by Invera Wealth Advisors LLC

Invera Wealth Advisors LLC decreased its holdings in Trane Technologies plc (NYSE:TT) by 6.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,634 shares of the company’s stock after selling 1,165 shares during the period. Trane Technologies accounts for about 3.8% of Invera Wealth Advisors LLC’s holdings, making the stock its 5th biggest position. Invera Wealth Advisors LLC’s holdings in Trane Technologies were worth $4,527,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TT. GoalVest Advisory LLC boosted its stake in Trane Technologies by 157.1% in the 1st quarter. GoalVest Advisory LLC now owns 90 shares of the company’s stock worth $27,000 after purchasing an additional 55 shares during the period. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Trane Technologies in the first quarter worth about $27,000. BKM Wealth Management LLC bought a new position in shares of Trane Technologies in the fourth quarter valued at approximately $25,000. Sachetta LLC purchased a new position in Trane Technologies during the fourth quarter valued at approximately $27,000. Finally, Motco bought a new stake in Trane Technologies during the 4th quarter worth approximately $27,000. Institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling at Trane Technologies

In related news, SVP Keith A. Sultana sold 1,983 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $272.26, for a total transaction of $539,891.58. Following the transaction, the senior vice president now owns 42,575 shares in the company, valued at approximately $11,591,469.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Paul A. Camuti sold 508 shares of Trane Technologies stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $273.34, for a total transaction of $138,856.72. Following the sale, the executive vice president now owns 89,447 shares of the company’s stock, valued at approximately $24,449,442.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Keith A. Sultana sold 1,983 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $272.26, for a total transaction of $539,891.58. Following the transaction, the senior vice president now owns 42,575 shares in the company, valued at approximately $11,591,469.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,874 shares of company stock worth $8,462,825. 0.39% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on TT. The Goldman Sachs Group lifted their price objective on Trane Technologies from $253.00 to $287.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. Barclays upped their price objective on shares of Trane Technologies from $286.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Citigroup lifted 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. Royal Bank of Canada raised their price objective 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. Finally, Stephens upped their target price on shares of Trane Technologies from $235.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $251.83.

Trane Technologies Trading Down 1.2 %

TT stock traded down $3.67 during trading on Monday, hitting $300.86. 1,878,020 shares of the company traded hands, compared to its average volume of 1,010,172. The company has a 50-day moving average of $292.79 and a 200-day moving average of $255.54. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 1.13. Trane Technologies plc has a 1 year low of $162.04 and a 1 year high of $307.95. The firm has a market capitalization of $68.32 billion, a PE ratio of 34.23, a P/E/G ratio of 2.57 and a beta of 1.05.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Thursday, February 1st. The company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.04. Trane Technologies had a return on equity of 32.01% and a net margin of 11.45%. The firm had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.43 billion. During the same quarter in the previous year, the company posted $1.82 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. Analysts predict that Trane Technologies plc will post 10.2 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 Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Thursday, June 6th. Trane Technologies’s dividend payout ratio (DPR) is presently 38.23%.

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.