Trane Technologies (NYSE:TT) Director John Hayes Acquires 400 Shares

Trane Technologies plc (NYSE:TTGet Free Report) Director John Hayes bought 400 shares of Trane Technologies stock in a transaction on Thursday, March 5th. The shares were purchased at an average cost of $430.44 per share, for a total transaction of $172,176.00. Following the completion of the purchase, the director directly owned 400 shares of the company’s stock, valued at $172,176. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Trane Technologies Price Performance

Shares of TT stock opened at $470.24 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.10 and a quick ratio of 0.77. The firm’s 50-day moving average is $461.08 and its two-hundred day moving average is $432.27. Trane Technologies plc has a 12 month low of $348.06 and a 12 month high of $503.47. The company has a market capitalization of $103.95 billion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 2.11 and a beta of 1.20.

Trane Technologies (NYSE:TTGet Free Report) last issued its earnings results on Friday, May 1st. The company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.10. Trane Technologies had a net margin of 13.41% and a return on equity of 35.55%. The company had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the previous year, the firm earned $2.45 earnings per share. Trane Technologies’s quarterly revenue was up 6.0% compared to the same quarter last year. Analysts predict that Trane Technologies plc will post 14.88 earnings per share for the current year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.20 dividend on an annualized basis and a yield of 0.9%. Trane Technologies’s payout ratio is 32.48%.

Wall Street Analysts Forecast Growth

TT has been the topic of a number of research analyst reports. Citigroup boosted their price target on shares of Trane Technologies from $525.00 to $570.00 and gave the company a “buy” rating in a research note on Friday, May 1st. BNP Paribas Exane initiated coverage on shares of Trane Technologies in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $550.00 price target on the stock. Sanford C. Bernstein initiated coverage on shares of Trane Technologies in a research note on Tuesday. They issued an “outperform” rating on the stock. Evercore initiated coverage on shares of Trane Technologies in a research note on Monday, April 13th. They issued an “outperform” rating and a $535.00 price target on the stock. Finally, KeyCorp boosted their price target on shares of Trane Technologies from $525.00 to $555.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $506.56.

Get Our Latest Stock Report on TT

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Tucker Asset Management LLC acquired a new position in shares of Trane Technologies in the fourth quarter valued at approximately $25,000. Wilkerson Advisory Group LLC grew its holdings in shares of Trane Technologies by 136.0% in the first quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock valued at $25,000 after purchasing an additional 34 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new position in shares of Trane Technologies in the fourth quarter valued at approximately $32,000. JPL Wealth Management LLC acquired a new position in shares of Trane Technologies in the third quarter valued at approximately $32,000. Finally, Physician Wealth Advisors Inc. grew its holdings in shares of Trane Technologies by 192.6% in the first quarter. Physician Wealth Advisors Inc. now owns 79 shares of the company’s stock valued at $33,000 after purchasing an additional 52 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Trane Technologies (NYSE:TT)

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