Lion Street Advisors LLC Grows Stock Holdings in Trane Technologies plc $TT

Lion Street Advisors LLC grew its stake in shares of Trane Technologies plc (NYSE:TT) by 55.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,228 shares of the company’s stock after acquiring an additional 2,230 shares during the period. Trane Technologies accounts for approximately 0.8% of Lion Street Advisors LLC’s portfolio, making the stock its 17th largest holding. Lion Street Advisors LLC’s holdings in Trane Technologies were worth $2,628,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Trane Technologies during the 2nd quarter valued at $1,356,065,000. JPMorgan Chase & Co. grew its holdings in Trane Technologies by 10.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,525,010 shares of the company’s stock valued at $6,550,975,000 after buying an additional 1,433,563 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Trane Technologies by 229.3% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,752,551 shares of the company’s stock valued at $766,583,000 after buying an additional 1,220,388 shares during the period. ABN AMRO Bank N.V. purchased a new stake in shares of Trane Technologies in the second quarter worth about $291,206,000. Finally, Corient Private Wealth LLC boosted its position in shares of Trane Technologies by 135.4% in the second quarter. Corient Private Wealth LLC now owns 735,589 shares of the company’s stock valued at $321,757,000 after acquiring an additional 423,090 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TT shares. JPMorgan Chase & Co. increased their target price on shares of Trane Technologies from $434.00 to $460.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Morgan Stanley lowered their price objective on Trane Technologies from $550.00 to $535.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. Melius Research raised Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 price objective for the company in a research note on Wednesday, January 7th. UBS Group decreased their target price on Trane Technologies from $544.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Finally, Royal Bank Of Canada lifted their price target on Trane Technologies from $469.00 to $470.00 and gave the company a “sector perform” rating in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $484.67.

Insider Buying and Selling at Trane Technologies

In other news, CEO David S. Regnery sold 5,588 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $462.60, for a total value of $2,585,008.80. Following the completion of the sale, the chief executive officer directly owned 96,948 shares in the company, valued at approximately $44,848,144.80. The trade was a 5.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Donald E. Simmons sold 822 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $462.57, for a total transaction of $380,232.54. Following the transaction, the insider directly owned 3,819 shares in the company, valued at approximately $1,766,554.83. This represents a 17.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 8,936 shares of company stock valued at $4,133,991. 0.14% of the stock is owned by insiders.

Trane Technologies Stock Up 0.7%

TT opened at $466.84 on Friday. The business’s fifty day simple moving average is $410.60 and its 200 day simple moving average is $415.60. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $479.37. The company has a quick ratio of 0.92, a current ratio of 1.25 and a debt-to-equity ratio of 0.46. The stock has a market cap of $103.32 billion, a PE ratio of 35.97, a P/E/G ratio of 2.44 and a beta of 1.21.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, January 29th. The company reported $2.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.05. The firm had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.09 billion. Trane Technologies had a return on equity of 36.34% and a net margin of 13.69%.The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.61 EPS. As a group, research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be given a dividend of $1.05 per share. The ex-dividend date is Friday, March 6th. This is an increase from Trane Technologies’s previous quarterly dividend of $0.94. This represents a $4.20 dividend on an annualized basis and a yield of 0.9%. Trane Technologies’s dividend payout ratio (DPR) is 28.97%.

Trane Technologies Profile

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.