Community Bank N.A. Has $220,000 Stock Holdings in Trane Technologies plc (NYSE:TT)

Community Bank N.A. lessened its stake in shares of Trane Technologies plc (NYSE:TT) by 18.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 900 shares of the company’s stock after selling 200 shares during the quarter. Community Bank N.A.’s holdings in Trane Technologies were worth $220,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TT. Global Retirement Partners LLC increased its position in Trane Technologies by 18.9% during the third quarter. Global Retirement Partners LLC now owns 958 shares of the company’s stock worth $192,000 after acquiring an additional 152 shares during the period. Avior Wealth Management LLC increased its position in 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 acquiring an additional 65 shares during the period. Caprock Group LLC increased its position in Trane Technologies by 15.8% during the third quarter. Caprock Group LLC now owns 1,528 shares of the company’s stock worth $310,000 after acquiring an additional 208 shares during the period. Czech National Bank increased its holdings in Trane Technologies by 47.9% in the 3rd quarter. Czech National Bank now owns 39,919 shares of the company’s stock valued at $8,100,000 after buying an additional 12,922 shares during the period. Finally, Birch Hill Investment Advisors LLC increased its holdings in Trane Technologies by 3.1% in the 3rd quarter. Birch Hill Investment Advisors LLC now owns 37,502 shares of the company’s stock valued at $7,610,000 after buying an additional 1,122 shares during the period. 82.97% of the stock is owned by institutional investors.

Insider Transactions at Trane Technologies

In related news, CFO Christopher J. Kuehn sold 3,762 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $286.48, for a total value of $1,077,737.76. Following the transaction, the chief financial officer now directly owns 61,691 shares of the company’s stock, valued at approximately $17,673,237.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Trane Technologies news, CFO Christopher J. Kuehn sold 3,762 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $286.48, for a total transaction of $1,077,737.76. Following the sale, 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 available through the SEC website. Also, CFO Christopher J. Kuehn sold 2,767 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $268.31, for a total transaction of $742,413.77. Following the sale, the chief financial officer now directly owns 54,788 shares in the company, valued at $14,700,168.28. The disclosure for this sale can be found here. Insiders sold a total of 29,874 shares of company stock worth $8,462,825 in the last quarter. 0.39% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Trane Technologies Trading Up 1.3 %

Shares of NYSE:TT traded up $3.73 during mid-day trading on Thursday, hitting $300.22. The company had a trading volume of 663,975 shares, compared to its average volume of 989,701. The firm has a fifty day moving average price of $291.04 and a 200 day moving average price of $253.23. The company has a market capitalization of $68.17 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 2.49 and a beta of 1.05. 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 $306.98.

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 the consensus estimate of $2.13 by $0.04. The company had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.43 billion. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. Trane Technologies’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.82 EPS. As a group, research analysts forecast that Trane Technologies plc will post 10.2 EPS for the current year.

Trane Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $0.84 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $3.36 annualized dividend and a dividend yield of 1.12%. Trane Technologies’s payout ratio 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.