Collective Family Office LLC Trims Holdings in Trane Technologies plc (NYSE:TT)

Collective Family Office LLC lowered its stake in shares of Trane Technologies plc (NYSE:TT) by 9.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 926 shares of the company’s stock after selling 99 shares during the quarter. Collective Family Office LLC’s holdings in Trane Technologies were worth $312,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Secured Retirement Advisors LLC grew its position in Trane Technologies by 0.6% in the fourth quarter. Secured Retirement Advisors LLC now owns 4,628 shares of the company’s stock valued at $1,709,000 after acquiring an additional 28 shares in the last quarter. Catalina Capital Group LLC lifted its stake in Trane Technologies by 3.2% during the fourth quarter. Catalina Capital Group LLC now owns 924 shares of the company’s stock worth $341,000 after purchasing an additional 29 shares during the last quarter. Stratos Wealth Partners LTD. lifted its stake in Trane Technologies by 0.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 5,538 shares of the company’s stock worth $2,046,000 after purchasing an additional 29 shares during the last quarter. Kanawha Capital Management LLC lifted its stake in Trane Technologies by 0.6% during the fourth quarter. Kanawha Capital Management LLC now owns 4,712 shares of the company’s stock worth $1,740,000 after purchasing an additional 29 shares during the last quarter. Finally, Kestra Private Wealth Services LLC lifted its stake in Trane Technologies by 0.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 9,173 shares of the company’s stock worth $3,388,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Ratings Changes

TT has been the topic of a number of recent research reports. Wells Fargo & Company raised their target price on Trane Technologies from $330.00 to $370.00 and gave the company an “underweight” rating in a research note on Thursday, May 1st. Citigroup lifted their price objective on shares of Trane Technologies from $415.00 to $445.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. HSBC upgraded shares of Trane Technologies from a “hold” rating to a “buy” rating and boosted their price target for the stock from $405.00 to $415.00 in a research report on Friday, April 25th. Robert W. Baird boosted their price target on shares of Trane Technologies from $360.00 to $396.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Trane Technologies from $334.00 to $400.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $427.47.

Insider Activity at Trane Technologies

In other news, insider Donald E. Simmons sold 3,571 shares of the stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $380.00, for a total transaction of $1,356,980.00. Following the sale, the insider now owns 3,593 shares in the company, valued at approximately $1,365,340. This represents a 49.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.38% of the stock is currently owned by corporate insiders.

Trane Technologies Stock Performance

NYSE:TT opened at $432.61 on Thursday. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $441.04. The firm’s fifty day simple moving average is $371.20 and its 200 day simple moving average is $375.78. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $96.48 billion, a PE ratio of 38.45, a PEG ratio of 2.50 and a beta of 1.14.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.25. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. The company had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.46 billion. During the same period in the previous year, the company earned $1.94 earnings per share. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a $0.94 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.87%. Trane Technologies’s payout ratio is 31.28%.

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.