Wealth Alliance Sells 224 Shares of Trane Technologies plc (NYSE:TT)

Wealth Alliance lowered its holdings in shares of Trane Technologies plc (NYSE:TT) by 6.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,365 shares of the company’s stock after selling 224 shares during the period. Wealth Alliance’s holdings in Trane Technologies were worth $821,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TT. BKM Wealth Management LLC bought a new position in shares of Trane Technologies during the fourth quarter valued at $25,000. Live Oak Investment Partners bought a new position in shares of Trane Technologies during the fourth quarter valued at $30,000. Venturi Wealth Management LLC raised its stake in shares of Trane Technologies by 139.7% during the third quarter. Venturi Wealth Management LLC now owns 151 shares of the company’s stock valued at $31,000 after acquiring an additional 88 shares during the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of Trane Technologies during the first quarter worth $34,000. Finally, Avior Wealth Management LLC increased its position in shares of Trane Technologies by 58.0% during the third quarter. Avior Wealth Management LLC now owns 177 shares of the company’s stock worth $36,000 after buying an additional 65 shares during the period. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Up 0.6 %

Trane Technologies stock opened at $295.71 on Wednesday. Trane Technologies plc has a 1-year low of $162.04 and a 1-year high of $306.98. The firm has a market capitalization of $67.15 billion, a price-to-earnings ratio of 33.64, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05. The firm’s fifty day moving average price is $288.63 and its two-hundred day moving average price is $249.71. The company has a current ratio of 1.13, a quick ratio of 0.78 and a debt-to-equity ratio of 0.57.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Thursday, February 1st. The company reported $2.17 earnings per share for the quarter, beating 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 firm had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.43 billion. During the same period last year, the firm earned $1.82 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts predict that Trane Technologies plc will post 10.2 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 1.14%. The ex-dividend date is Thursday, June 6th. Trane Technologies’s dividend payout ratio is 38.23%.

Insider Transactions at Trane Technologies

In other news, SVP Evan M. Turtz sold 2,821 shares of Trane Technologies stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $288.33, for a total value of $813,378.93. Following the completion of the transaction, the senior vice president now owns 20,729 shares in the company, valued at $5,976,792.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Evan M. Turtz sold 2,821 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $288.33, for a total transaction of $813,378.93. Following the completion of the transaction, the senior vice president now owns 20,729 shares of the company’s stock, valued at $5,976,792.57. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Paul A. Camuti sold 508 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $273.34, for a total transaction of $138,856.72. Following the transaction, the executive vice president now directly owns 89,447 shares of the company’s stock, valued at approximately $24,449,442.98. The disclosure for this sale can be found here. Insiders sold 29,874 shares of company stock worth $8,462,825 over the last quarter. Corporate insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Trane Technologies from $200.00 to $246.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 19th. Citigroup increased their price objective on shares of Trane Technologies from $309.00 to $355.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Stephens increased their price objective on shares of Trane Technologies from $235.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. The Goldman Sachs Group raised their price target on shares of Trane Technologies from $253.00 to $287.00 and gave the stock a “neutral” rating in a report on Monday, February 5th. Finally, Royal Bank of Canada raised their price target on shares of Trane Technologies from $231.00 to $246.00 and gave the stock a “sector perform” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $251.83.

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.