Elo Mutual Pension Insurance Co Has $13.76 Million Stock Holdings in Trane Technologies plc $TT

Elo Mutual Pension Insurance Co lifted its holdings in Trane Technologies plc (NYSE:TT) by 32.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,612 shares of the company’s stock after acquiring an additional 8,077 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Trane Technologies were worth $13,761,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Icon Advisers Inc. Co. bought a new stake in shares of Trane Technologies during the 2nd quarter valued at approximately $26,000. Financial Consulate Inc. bought a new stake in shares of Trane Technologies during the third quarter worth $25,000. Hantz Financial Services Inc. increased its holdings in shares of Trane Technologies by 1,016.7% during the second quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock worth $29,000 after buying an additional 61 shares in the last quarter. United Community Bank lifted its stake in shares of Trane Technologies by 134.4% in the 3rd quarter. United Community Bank now owns 75 shares of the company’s stock valued at $32,000 after acquiring an additional 43 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Trane Technologies by 34.2% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 102 shares of the company’s stock valued at $43,000 after acquiring an additional 26 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Melius Research raised Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 price target on the stock in a research note on Wednesday, January 7th. Wells Fargo & Company lifted their target price on shares of Trane Technologies from $375.00 to $400.00 and gave the stock an “underweight” rating in a research report on Friday, January 30th. Morgan Stanley decreased their price target on shares of Trane Technologies from $550.00 to $535.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. Oppenheimer lifted their price target on shares of Trane Technologies from $460.00 to $468.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Trane Technologies in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Trane Technologies presently has an average rating of “Moderate Buy” and an average target price of $484.67.

Insider Buying and Selling at Trane Technologies

In related news, CEO David S. Regnery sold 5,588 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $462.60, for a total transaction of $2,585,008.80. Following the sale, the chief executive officer owned 96,948 shares of the company’s stock, valued at $44,848,144.80. This represents a 5.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Elizabeth A. Elwell sold 137 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $462.48, for a total transaction of $63,359.76. Following the sale, the chief accounting officer owned 7,100 shares in the company, valued at $3,283,608. This represents a 1.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 8,936 shares of company stock worth $4,133,991. Company insiders own 0.14% of the company’s stock.

Trane Technologies Price Performance

TT stock opened at $461.71 on Monday. The company has a market capitalization of $102.19 billion, a PE ratio of 35.57, a price-to-earnings-growth ratio of 2.43 and a beta of 1.19. The company’s fifty day moving average price is $417.67 and its 200-day moving average price is $416.42. Trane Technologies plc has a one year low of $298.15 and a one year high of $479.37. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.25.

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

Trane Technologies Increases Dividend

The firm 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 $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Trane Technologies’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Friday, March 6th. Trane Technologies’s payout ratio is 28.97%.

Trane Technologies Company 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.