Trane Technologies plc (NYSE:TT) Shares Sold by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora lessened its holdings in shares of Trane Technologies plc (NYSE:TT) by 25.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 135 shares of the company’s stock after selling 45 shares during the period. OLD Second National Bank of Aurora’s holdings in Trane Technologies were worth $33,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in Trane Technologies during the fourth quarter worth approximately $526,026,000. Moneta Group Investment Advisors LLC increased its position in Trane Technologies by 109,668.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,963,758 shares of the company’s stock worth $330,088,000 after buying an additional 1,961,969 shares during the period. First Trust Advisors LP increased its position in Trane Technologies by 2,606.5% during the first quarter. First Trust Advisors LP now owns 1,081,171 shares of the company’s stock worth $165,095,000 after buying an additional 1,041,224 shares during the period. International Assets Investment Management LLC increased its position in Trane Technologies by 24,670.7% during the fourth quarter. International Assets Investment Management LLC now owns 1,034,423 shares of the company’s stock worth $252,296,000 after buying an additional 1,030,247 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Trane Technologies by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 17,085,662 shares of the company’s stock worth $3,466,852,000 after buying an additional 880,583 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on TT shares. The Goldman Sachs Group lifted their price target on Trane Technologies from $253.00 to $287.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. Royal Bank of Canada lifted their target price on Trane Technologies from $231.00 to $246.00 and gave the company a “sector perform” rating in a research note on Friday, February 2nd. Barclays lifted their target price on Trane Technologies from $286.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Stephens lifted their target price on Trane Technologies from $235.00 to $280.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Finally, Citigroup lifted their target price on Trane Technologies from $309.00 to $355.00 and gave the company a “buy” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Trane Technologies has an average rating of “Hold” and an average target price of $251.83.

Insider Transactions at Trane Technologies

In other news, CFO Christopher J. Kuehn sold 3,762 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $286.48, for a total value of $1,077,737.76. Following the completion of the transaction, the chief financial officer now directly owns 61,691 shares of the company’s stock, valued at $17,673,237.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Christopher J. Kuehn sold 3,762 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $286.48, for a total value of $1,077,737.76. Following the completion of the transaction, the chief financial officer now directly owns 61,691 shares in the company, valued at $17,673,237.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David S. Regnery sold 6,990 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $286.19, for a total value of $2,000,468.10. Following the completion of the transaction, the chief executive officer now owns 113,874 shares of the company’s stock, valued at $32,589,600.06. The disclosure for this sale can be found here. Insiders sold a total of 29,874 shares of company stock valued at $8,462,825 over the last three months. 0.39% of the stock is currently owned by insiders.

Trane Technologies Stock Down 1.3 %

TT opened at $289.39 on Friday. Trane Technologies plc has a one year low of $162.04 and a one year high of $306.98. The company has a market cap of $65.71 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 2.47 and a beta of 1.05. The business’s fifty day moving average is $289.41 and its two-hundred day moving average is $250.29. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 1.13.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Thursday, February 1st. The company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.04. Trane Technologies had a return on equity of 32.01% and a net margin of 11.45%. The company had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.43 billion. During the same period in the previous year, the firm posted $1.82 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts anticipate that Trane Technologies plc will post 10.2 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $0.84 dividend. The ex-dividend date is Thursday, June 6th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.16%. Trane Technologies’s dividend payout ratio (DPR) is 38.23%.

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.