Trane Technologies plc $TT Shares Acquired by Certuity LLC

Certuity LLC increased its holdings in shares of Trane Technologies plc (NYSE:TT) by 343.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,625 shares of the company’s stock after acquiring an additional 3,581 shares during the quarter. Certuity LLC’s holdings in Trane Technologies were worth $1,951,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Aptus Capital Advisors LLC increased its position in Trane Technologies by 169.8% in the third quarter. Aptus Capital Advisors LLC now owns 14,738 shares of the company’s stock worth $6,219,000 after buying an additional 9,276 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Trane Technologies during the third quarter valued at $6,571,000. Nordea Investment Management AB grew its position in shares of Trane Technologies by 2.4% during the third quarter. Nordea Investment Management AB now owns 2,513,508 shares of the company’s stock worth $1,051,049,000 after acquiring an additional 57,774 shares during the last quarter. Boston Common Asset Management LLC acquired a new stake in shares of Trane Technologies in the 3rd quarter worth about $9,546,000. Finally, Compass Wealth Management LLC lifted its position in Trane Technologies by 3,785.4% in the 3rd quarter. Compass Wealth Management LLC now owns 27,198 shares of the company’s stock valued at $11,476,000 after purchasing an additional 26,498 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CFO Christopher J. Kuehn sold 2,389 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $462.70, for a total value of $1,105,390.30. Following the sale, the chief financial officer directly owned 60,486 shares in the company, valued at approximately $27,986,872.20. The trade was a 3.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David S. Regnery sold 36,045 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $422.69, for a total transaction of $15,235,861.05. Following the completion of the sale, the chief executive officer directly owned 96,948 shares of the company’s stock, valued at $40,978,950.12. The trade was a 27.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 49,378 shares of company stock valued at $21,228,464 in the last three months. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

TT has been the subject of several recent analyst reports. UBS Group decreased their target price on shares of Trane Technologies from $544.00 to $520.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Citigroup boosted their price objective on Trane Technologies from $513.00 to $525.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. raised their target price on Trane Technologies from $434.00 to $460.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Oppenheimer lifted their target price on Trane Technologies from $460.00 to $468.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Finally, Bank of America raised Trane Technologies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $490.00 to $550.00 in a research note on Thursday, November 13th. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $484.67.

Trane Technologies Price Performance

NYSE TT opened at $421.53 on Friday. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $479.37. The firm has a market capitalization of $93.30 billion, a PE ratio of 32.48, a P/E/G ratio of 2.28 and a beta of 1.19. The company’s 50 day simple moving average is $425.78 and its 200 day simple moving average is $417.23. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.25 and a quick ratio of 0.92.

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

Trane Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend 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 1.0%. Trane Technologies’s dividend payout ratio is presently 32.36%.

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.