Argonautica Private Wealth Management Inc. Has $727,000 Holdings in Trane Technologies plc (NYSE:TT)

Argonautica Private Wealth Management Inc. lowered its position in Trane Technologies plc (NYSE:TT) by 31.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,869 shares of the company’s stock after selling 875 shares during the period. Argonautica Private Wealth Management Inc.’s holdings in Trane Technologies were worth $727,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. DT Investment Partners LLC acquired a new position in Trane Technologies in the third quarter valued at $36,000. Fortitude Family Office LLC boosted its position in shares of Trane Technologies by 63.2% during the 2nd quarter. Fortitude Family Office LLC now owns 111 shares of the company’s stock valued at $37,000 after purchasing an additional 43 shares in the last quarter. Triad Wealth Partners LLC acquired a new stake in Trane Technologies during the second quarter worth approximately $39,000. Quarry LP bought a new stake in Trane Technologies in the second quarter worth approximately $39,000. Finally, Valley Wealth Managers Inc. acquired a new position in Trane Technologies in the second quarter valued at approximately $51,000. 82.97% of the stock is owned by institutional investors.

Trane Technologies Trading Up 1.6 %

Shares of TT stock opened at $376.15 on Friday. Trane Technologies plc has a 52-week low of $211.31 and a 52-week high of $406.96. The company has a 50-day simple moving average of $377.83 and a two-hundred day simple moving average of $345.71. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.84 and a current ratio of 1.22. The company has a market capitalization of $84.64 billion, a price-to-earnings ratio of 34.89, a PEG ratio of 2.51 and a beta of 1.02.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.14. The company had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.32 billion. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. Trane Technologies’s revenue was up 10.0% on a year-over-year basis. During the same period last year, the business posted $2.79 earnings per share. Research analysts anticipate that Trane Technologies plc will post 11.06 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be paid a dividend of $0.84 per share. The ex-dividend date is Friday, December 6th. This represents a $3.36 annualized dividend and a dividend yield of 0.89%. Trane Technologies’s payout ratio is currently 31.17%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Stephens reiterated an “equal weight” rating and issued a $350.00 price objective on shares of Trane Technologies in a research note on Monday, August 5th. Wells Fargo & Company upped their price objective on shares of Trane Technologies from $320.00 to $360.00 and gave the company an “underweight” rating in a report on Monday, October 7th. Royal Bank of Canada raised their target price on Trane Technologies from $334.00 to $350.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. Barclays upped their price target on Trane Technologies from $425.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, HSBC downgraded Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price objective for the company. in a report on Thursday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Trane Technologies presently has a consensus rating of “Hold” and an average price target of $380.15.

Insider Buying and Selling

In other Trane Technologies news, EVP Raymond D. Pittard sold 1,805 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $328.65, for a total value of $593,213.25. Following the completion of the sale, the executive vice president now directly owns 83,517 shares of the company’s stock, valued at $27,447,862.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO David S. Regnery sold 29,450 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $321.25, for a total value of $9,460,812.50. Following the completion of the transaction, the chief executive officer now directly owns 132,946 shares of the company’s stock, valued at $42,708,902.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Raymond D. Pittard sold 1,805 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $328.65, for a total value of $593,213.25. Following the completion of the transaction, the executive vice president now owns 83,517 shares of the company’s stock, valued at approximately $27,447,862.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.

Trane Technologies 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.