Ameritas Advisory Services LLC increased its position in Trane Technologies plc (NYSE:TT – Free Report) by 336.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,054 shares of the company’s stock after acquiring an additional 3,896 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Trane Technologies were worth $1,967,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of TT. United Community Bank grew its holdings in Trane Technologies by 134.4% in the 3rd quarter. United Community Bank now owns 75 shares of the company’s stock valued at $32,000 after buying an additional 43 shares during the last quarter. JPL Wealth Management LLC acquired a new position in shares of Trane Technologies during the third quarter worth approximately $32,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Trane Technologies in the third quarter valued at approximately $42,000. Hantz Financial Services Inc. boosted its position in shares of Trane Technologies by 58.2% in the third quarter. Hantz Financial Services Inc. now owns 106 shares of the company’s stock valued at $45,000 after acquiring an additional 39 shares during the period. Finally, Key Financial Inc grew its stake in shares of Trane Technologies by 833.3% in the third quarter. Key Financial Inc now owns 112 shares of the company’s stock worth $48,000 after acquiring an additional 100 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.
Trane Technologies Trading Up 0.6%
Shares of TT stock opened at $470.52 on Thursday. The firm has a fifty day moving average of $449.02 and a 200-day moving average of $428.20. The stock has a market cap of $104.01 billion, a price-to-earnings ratio of 36.39, a P/E/G ratio of 2.16 and a beta of 1.25. Trane Technologies plc has a 52-week low of $348.06 and a 52-week high of $503.47. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.77 and a current ratio of 1.10.
Trane Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, June 5th. Trane Technologies’s payout ratio is presently 32.48%.
Insider Buying and Selling
In related news, CAO Elizabeth A. Elwell sold 635 shares of the business’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $422.70, for a total value of $268,414.50. Following the sale, the chief accounting officer owned 7,100 shares of the company’s stock, valued at $3,001,170. The trade was a 8.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Donald E. Simmons sold 4,593 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $500.00, for a total value of $2,296,500.00. Following the completion of the sale, the insider owned 3,819 shares in the company, valued at $1,909,500. This trade represents a 54.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 53,654 shares of company stock valued at $23,269,523. 0.14% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several research firms recently commented on TT. Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a research note on Monday, April 20th. BNP Paribas Exane assumed coverage on shares of Trane Technologies in a report on Tuesday, April 14th. They set an “outperform” rating and a $550.00 price objective on the stock. Citigroup upped their price objective on shares of Trane Technologies from $525.00 to $570.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Oppenheimer increased their target price on shares of Trane Technologies from $460.00 to $468.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Finally, Barclays boosted their price target on Trane Technologies from $507.00 to $585.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $505.56.
Check Out Our Latest Stock Analysis on TT
Trane Technologies Profile
Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.
In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.
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