Fuller & Thaler Asset Management Inc. Boosts Stock Position in Trane Technologies plc (NYSE:TT)

Fuller & Thaler Asset Management Inc. increased its stake in shares of Trane Technologies plc (NYSE:TT) by 35.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,140 shares of the company’s stock after buying an additional 1,620 shares during the quarter. Fuller & Thaler Asset Management Inc.’s holdings in Trane Technologies were worth $2,268,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Global Wealth Strategies & Associates acquired a new position in shares of Trane Technologies during the 4th quarter valued at about $26,000. Sound Income Strategies LLC boosted 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 valued at $37,000 after purchasing an additional 92 shares during the last quarter. Flagship Wealth Advisors LLC purchased a new stake in shares of Trane Technologies in the 4th quarter valued at approximately $37,000. Golden State Wealth Management LLC acquired a new stake in shares of Trane Technologies during the 4th quarter worth approximately $39,000. Finally, BankPlus Trust Department purchased a new stake in shares of Trane Technologies during the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Price Performance

Shares of NYSE TT opened at $348.23 on Friday. The stock’s 50-day moving average is $342.38 and its two-hundred day moving average is $373.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.21 and a quick ratio of 0.88. The company has a market cap of $78.10 billion, a price-to-earnings ratio of 30.95, a price-to-earnings-growth ratio of 2.50 and a beta of 1.08. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $422.00.

Trane Technologies (NYSE:TT) last issued its earnings results on Thursday, January 30th. The company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.09. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. Analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

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 paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Friday, June 6th. Trane Technologies’s dividend payout ratio is presently 33.42%.

Insiders Place Their Bets

In other Trane Technologies news, CEO David S. Regnery sold 2,318 shares of the company’s 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 completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Christopher J. Kuehn sold 876 shares of Trane Technologies stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $357.42, for a total value of $313,099.92. Following the sale, the chief financial officer now owns 63,841 shares in the company, valued at $22,818,050.22. This trade represents a 1.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,234 shares of company stock valued at $2,588,102 in the last ninety days. Insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on Trane Technologies from $396.00 to $323.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Melius Research reissued a “hold” rating and set a $398.00 price objective on shares of Trane Technologies in a research report on Tuesday, January 28th. Royal Bank of Canada upped their target price on shares of Trane Technologies from $390.00 to $395.00 and gave the company a “sector perform” rating in a research report on Friday, January 3rd. HSBC upgraded shares of Trane Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $405.00 to $415.00 in a research report on Friday. Finally, Barclays decreased their price objective on shares of Trane Technologies from $500.00 to $475.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $405.94.

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.