Stock Yards Bank & Trust Co. Has $286,000 Holdings in Trane Technologies plc (NYSE:TT)

Stock Yards Bank & Trust Co. reduced its holdings in Trane Technologies plc (NYSE:TT) by 29.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,172 shares of the company’s stock after selling 497 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Trane Technologies were worth $286,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Global Retirement Partners LLC lifted its holdings in Trane Technologies by 18.9% during the 3rd quarter. Global Retirement Partners LLC now owns 958 shares of the company’s stock worth $192,000 after buying an additional 152 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in Trane Technologies by 58.0% during the 3rd quarter. Avior Wealth Management LLC now owns 177 shares of the company’s stock worth $36,000 after buying an additional 65 shares in the last quarter. Caprock Group LLC lifted its holdings in Trane Technologies by 15.8% during the 3rd quarter. Caprock Group LLC now owns 1,528 shares of the company’s stock worth $310,000 after buying an additional 208 shares in the last quarter. Czech National Bank lifted its holdings in Trane Technologies by 47.9% during the 3rd quarter. Czech National Bank now owns 39,919 shares of the company’s stock worth $8,100,000 after buying an additional 12,922 shares in the last quarter. Finally, Birch Hill Investment Advisors LLC lifted its holdings in Trane Technologies by 3.1% during the 3rd quarter. Birch Hill Investment Advisors LLC now owns 37,502 shares of the company’s stock worth $7,610,000 after buying an additional 1,122 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TT. Royal Bank of Canada increased their price target on Trane Technologies from $231.00 to $246.00 and gave the company a “sector perform” rating in a research note on Friday, February 2nd. Barclays increased their price target on Trane Technologies from $286.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Stephens increased their price target on Trane Technologies from $235.00 to $280.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. The Goldman Sachs Group increased their price target on Trane Technologies from $253.00 to $287.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. Finally, Citigroup increased their price target on Trane Technologies from $309.00 to $355.00 and gave the company a “buy” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $251.83.

Trane Technologies Price Performance

TT opened at $296.49 on Thursday. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 0.57. Trane Technologies plc has a 12 month low of $162.04 and a 12 month high of $306.98. The company has a fifty day simple moving average of $291.04 and a 200 day simple moving average of $253.23. The stock has a market cap of $67.32 billion, a P/E ratio of 33.73, a P/E/G ratio of 2.49 and a beta of 1.05.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, February 1st. The company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.04. The firm had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.43 billion. Trane Technologies had a return on equity of 32.01% and a net margin of 11.45%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 EPS. On average, research analysts expect that Trane Technologies plc will post 10.2 EPS for the current year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Thursday, June 6th. Trane Technologies’s dividend payout ratio (DPR) is presently 38.23%.

Insiders Place Their Bets

In other Trane Technologies news, SVP Evan M. Turtz sold 2,821 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $288.33, for a total transaction of $813,378.93. Following the completion of the transaction, the senior vice president now owns 20,729 shares in the company, valued at approximately $5,976,792.57. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, SVP Evan M. Turtz sold 2,821 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $288.33, for a total value of $813,378.93. Following the completion of the transaction, the senior vice president now owns 20,729 shares in the company, valued at approximately $5,976,792.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Christopher J. Kuehn sold 3,762 shares of the firm’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 completion of the transaction, the chief financial officer now owns 61,691 shares of the company’s stock, valued at approximately $17,673,237.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,874 shares of company stock worth $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.