Trane Technologies plc (NYSE:TT) Shares Sold by Ledyard National Bank

Ledyard National Bank trimmed its holdings in Trane Technologies plc (NYSE:TT) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,976 shares of the company’s stock after selling 45 shares during the quarter. Ledyard National Bank’s holdings in Trane Technologies were worth $1,458,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TT. BKM Wealth Management LLC acquired a new position in Trane Technologies in the 4th quarter valued at $25,000. Venturi Wealth Management LLC boosted its position in shares of 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. Rosenberg Matthew Hamilton boosted its position in shares of Trane Technologies by 27.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 192 shares of the company’s stock worth $47,000 after purchasing an additional 41 shares in the last quarter. Ancora Advisors LLC purchased a new stake in shares of Trane Technologies during the 3rd quarter worth $40,000. Finally, Operose Advisors LLC purchased a new stake in shares of Trane Technologies during the 3rd quarter worth $53,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Trading Up 6.6 %

Shares of NYSE TT traded up $19.89 on Tuesday, reaching $320.75. 1,115,603 shares of the company traded hands, compared to its average volume of 1,009,837. Trane Technologies plc has a fifty-two week low of $162.04 and a fifty-two week high of $327.09. The company has a 50 day moving average of $292.79 and a 200 day moving average of $255.54. The company has a current ratio of 1.13, a quick ratio of 0.78 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $72.83 billion, a PE ratio of 36.97, a P/E/G ratio of 2.57 and a beta of 1.05.

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

Trane Technologies Announces Dividend

The firm also recently announced 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. This represents a $3.36 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, June 6th. Trane Technologies’s dividend payout ratio (DPR) is presently 38.23%.

Insider Buying and Selling

In related news, CFO Christopher J. Kuehn sold 3,762 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $286.48, for a total transaction of $1,077,737.76. Following the completion of the sale, the chief financial officer now owns 61,691 shares of the company’s stock, valued at approximately $17,673,237.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Christopher J. Kuehn sold 3,762 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $286.48, for a total transaction of $1,077,737.76. Following the completion of the sale, the chief financial officer now owns 61,691 shares of the company’s stock, valued at approximately $17,673,237.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David S. Regnery sold 6,990 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly 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. In the last quarter, insiders sold 29,874 shares of company stock valued at $8,462,825. 0.39% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Trane Technologies Company 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.