Keith A. Sultana Sells 1,983 Shares of Trane Technologies plc (NYSE:TT) Stock

Trane Technologies plc (NYSE:TTGet Free Report) SVP Keith A. Sultana sold 1,983 shares of Trane Technologies 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 completion of the sale, the senior vice president now directly owns 42,575 shares in the company, valued at approximately $11,591,469.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Trane Technologies Price Performance

TT stock opened at $275.44 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.13 and a quick ratio of 0.78. Trane Technologies plc has a one year low of $162.04 and a one year high of $278.81. The stock has a market cap of $62.68 billion, a PE ratio of 31.34, a P/E/G ratio of 2.15 and a beta of 1.03. The firm has a 50 day simple moving average of $247.28 and a two-hundred day simple moving average of $220.93.

Trane Technologies (NYSE:TTGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.04. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. The business had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.43 billion. During the same quarter in the previous year, the company earned $1.82 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts predict that Trane Technologies plc will post 10.19 EPS for the current fiscal year.

Trane Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, February 29th. This is a boost from Trane Technologies’s previous quarterly dividend of $0.75. Trane Technologies’s payout ratio is currently 34.13%.

Hedge Funds Weigh In On Trane Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of TT. Keel Point LLC lifted its holdings in shares of Trane Technologies by 3.0% in the 4th quarter. Keel Point LLC now owns 1,326 shares of the company’s stock worth $323,000 after acquiring an additional 39 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of Trane Technologies by 27.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 192 shares of the company’s stock worth $47,000 after acquiring an additional 41 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Trane Technologies by 2.3% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,847 shares of the company’s stock worth $450,000 after acquiring an additional 42 shares during the last quarter. Level Four Advisory Services LLC raised its holdings in Trane Technologies by 1.5% during the 4th quarter. Level Four Advisory Services LLC now owns 2,757 shares of the company’s stock valued at $672,000 after buying an additional 42 shares during the last quarter. Finally, Cedrus LLC raised its holdings in Trane Technologies by 2.6% during the 4th quarter. Cedrus LLC now owns 1,669 shares of the company’s stock valued at $407,000 after buying an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 80.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TT shares. Stephens lifted 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 note on Tuesday, February 6th. The Goldman Sachs Group lifted their target price on shares of Trane Technologies from $253.00 to $287.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Wells Fargo & Company lifted their target price on shares of Trane Technologies from $200.00 to $246.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 19th. Barclays lifted their target price on shares of Trane Technologies from $222.00 to $226.00 and gave the stock an “overweight” rating in a research note on Thursday, November 2nd. Finally, Citigroup lifted their target price on shares of Trane Technologies from $246.00 to $269.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Trane Technologies has a consensus rating of “Hold” and an average price target of $231.71.

Check Out Our Latest Research Report on Trane Technologies

About Trane Technologies

(Get Free Report)

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.

Further Reading

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

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