Great Lakes Retirement Inc. Invests $373,000 in Trane Technologies plc (NYSE:TT)

Great Lakes Retirement Inc. acquired a new stake in shares of Trane Technologies plc (NYSE:TT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,528 shares of the company’s stock, valued at approximately $373,000.

A number of other large investors have also recently modified their holdings of the business. BKM Wealth Management LLC bought a new stake in shares of Trane Technologies during the 4th quarter worth $25,000. Live Oak Investment Partners bought a new stake in shares of Trane Technologies during the 4th quarter valued at approximately $30,000. Venturi Wealth Management LLC increased its position in Trane Technologies by 139.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 151 shares of the company’s stock worth $31,000 after purchasing an additional 88 shares in the last quarter. 1832 Asset Management L.P. acquired a new stake in Trane Technologies in the first quarter valued at approximately $34,000. Finally, Avior Wealth Management LLC grew its stake in shares of 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 buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Trading Up 0.3 %

Shares of TT stock traded up $0.89 during mid-day trading on Thursday, hitting $300.60. The company’s stock had a trading volume of 448,495 shares, compared to its average volume of 1,031,377. The company has a market cap of $68.26 billion, a PE ratio of 34.10, a P/E/G ratio of 2.34 and a beta of 1.05. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 1.13. The company’s fifty day simple moving average is $277.13 and its 200-day simple moving average is $239.97. Trane Technologies plc has a 52 week low of $162.04 and a 52 week high of $305.00.

Trane Technologies (NYSE:TT) last issued its 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. The business had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.43 billion. Trane Technologies had a return on equity of 32.01% and a net margin of 11.45%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.82 earnings per share. As a group, equities research analysts expect that Trane Technologies plc will post 10.18 earnings per share for the current fiscal year.

Trane Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 1.12%. This is a boost from Trane Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, February 29th. Trane Technologies’s dividend payout ratio (DPR) is presently 38.23%.

Wall Street Analyst Weigh In

TT has been the subject of a number of recent research reports. Citigroup upped their target price on Trane Technologies from $246.00 to $269.00 and gave the stock a “buy” rating in a report on Monday, December 11th. Stephens lifted their target price on shares of Trane Technologies from $235.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Royal Bank of Canada upped their price target on shares of Trane Technologies from $231.00 to $246.00 and gave the company a “sector perform” rating in a research report on Friday, February 2nd. Wells Fargo & Company lifted their price target on shares of Trane Technologies from $200.00 to $246.00 and gave the stock an “underweight” rating in a report on Tuesday, December 19th. Finally, The Goldman Sachs Group increased their price objective on Trane Technologies from $253.00 to $287.00 and gave the company a “neutral” rating in a report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Trane Technologies has a consensus rating of “Hold” and an average target price of $232.31.

Insider Buying and Selling at Trane Technologies

In other news, EVP Paul A. Camuti sold 508 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $273.34, for a total transaction of $138,856.72. Following the transaction, the executive vice president now owns 89,447 shares of the company’s stock, valued at approximately $24,449,442.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Paul A. Camuti sold 508 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $273.34, for a total value of $138,856.72. Following the transaction, the executive vice president now directly owns 89,447 shares in the company, valued at approximately $24,449,442.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David S. Regnery sold 6,990 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $286.19, for a total transaction of $2,000,468.10. Following the sale, the chief executive officer now owns 113,874 shares of the company’s stock, valued at approximately $32,589,600.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,874 shares of company stock valued at $8,462,825. Corporate insiders own 0.39% of the company’s stock.

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.