Bryn Mawr Capital Management LLC Decreases Holdings in Trane Technologies plc (NYSE:TT)

Bryn Mawr Capital Management LLC decreased its position in shares of Trane Technologies plc (NYSE:TT) by 11.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,143 shares of the company’s stock after selling 147 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Trane Technologies were worth $279,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Syon Capital LLC lifted its position in Trane Technologies by 17.6% during the fourth quarter. Syon Capital LLC now owns 2,329 shares of the company’s stock valued at $568,000 after acquiring an additional 349 shares during the last quarter. Lyell Wealth Management LP purchased a new stake in Trane Technologies during the fourth quarter valued at approximately $206,000. Bailard Inc. lifted its position in Trane Technologies by 8.8% during the fourth quarter. Bailard Inc. now owns 53,320 shares of the company’s stock valued at $13,005,000 after acquiring an additional 4,304 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Trane Technologies by 14.0% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,545 shares of the company’s stock worth $1,352,000 after buying an additional 680 shares during the last quarter. Finally, Atria Wealth Solutions Inc. raised its holdings in shares of Trane Technologies by 8.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 13,743 shares of the company’s stock worth $3,353,000 after buying an additional 1,109 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Activity at Trane Technologies

In related news, EVP Paul A. Camuti sold 508 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $273.34, for a total transaction of $138,856.72. Following the sale, the executive vice president now owns 89,447 shares in the company, valued at $24,449,442.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, SVP Keith A. Sultana sold 1,637 shares of Trane Technologies stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $267.74, for a total value of $438,290.38. Following the sale, the senior vice president now owns 42,374 shares in the company, valued at $11,345,214.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Paul A. Camuti sold 508 shares of Trane Technologies 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 completion of the sale, the executive vice president now owns 89,447 shares in the company, valued at approximately $24,449,442.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,874 shares of company stock worth $8,462,825. 0.39% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

Trane Technologies Stock Up 1.7 %

NYSE:TT opened at $304.53 on Friday. The firm has a market capitalization of $69.15 billion, a P/E ratio of 34.65, a PEG ratio of 2.57 and a beta of 1.05. Trane Technologies plc has a 1-year low of $162.04 and a 1-year high of $306.98. The company’s fifty day moving average price is $292.22 and its 200-day moving average price is $254.57. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.13 and a quick ratio of 0.78.

Trane Technologies (NYSE:TT) last released its quarterly earnings data 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 firm had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.43 billion. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.82 earnings per share. As a group, equities research analysts anticipate that Trane Technologies plc will post 10.2 EPS for the current year.

Trane Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $0.84 per share. The ex-dividend date is Thursday, June 6th. This represents a $3.36 annualized dividend and a yield of 1.10%. Trane Technologies’s dividend payout ratio is presently 38.23%.

About Trane Technologies

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.