First Citizens Financial Corp Purchases 29 Shares of Trane Technologies plc (NYSE:TT)

First Citizens Financial Corp boosted its position in Trane Technologies plc (NYSE:TT) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 656 shares of the company’s stock after buying an additional 29 shares during the quarter. First Citizens Financial Corp’s holdings in Trane Technologies were worth $242,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of TT. Ritholtz Wealth Management lifted its holdings in Trane Technologies by 12.5% during the 2nd quarter. Ritholtz Wealth Management now owns 1,090 shares of the company’s stock worth $359,000 after purchasing an additional 121 shares during the last quarter. TIAA Trust National Association increased its holdings in Trane Technologies by 7.7% in the 2nd quarter. TIAA Trust National Association now owns 5,276 shares of the company’s stock valued at $1,735,000 after buying an additional 377 shares during the period. Simon Quick Advisors LLC raised its position in shares of Trane Technologies by 9.7% in the 2nd quarter. Simon Quick Advisors LLC now owns 800 shares of the company’s stock valued at $263,000 after buying an additional 71 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in shares of Trane Technologies by 9.4% during the 2nd quarter. Foundations Investment Advisors LLC now owns 755 shares of the company’s stock worth $248,000 after acquiring an additional 65 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in Trane Technologies by 2,003.8% during the second quarter. Larson Financial Group LLC now owns 1,115 shares of the company’s stock valued at $367,000 after purchasing an additional 1,062 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on TT shares. Hsbc Global Res cut Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Robert W. Baird dropped their target price on shares of Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Mizuho boosted their price objective on Trane Technologies from $325.00 to $400.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Morgan Stanley initiated coverage on shares of Trane Technologies in a research report on Friday, September 6th. They set an “overweight” rating and a $425.00 price objective for the company. Finally, Royal Bank of Canada increased their target price on shares of Trane Technologies from $390.00 to $395.00 and gave the stock a “sector perform” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $413.14.

Insiders Place Their Bets

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total value of $1,800,864.00. Following the completion of the transaction, the senior vice president now directly owns 12,893 shares of the company’s stock, valued at $5,363,488. This trade represents a 25.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.38% of the stock is owned by corporate insiders.

Trane Technologies Stock Performance

Shares of TT stock traded up $6.70 during trading hours on Friday, hitting $380.54. 348,083 shares of the company were exchanged, compared to its average volume of 1,076,318. Trane Technologies plc has a 52-week low of $236.33 and a 52-week high of $422.00. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57. The firm has a fifty day simple moving average of $396.71 and a 200 day simple moving average of $369.46. The stock has a market capitalization of $85.63 billion, a price-to-earnings ratio of 35.30, a P/E/G ratio of 2.38 and a beta of 1.03.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.14. The company had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.32 billion. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.79 EPS. Research analysts predict that Trane Technologies plc will post 11.13 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were paid a dividend of $0.84 per share. The ex-dividend date was Friday, December 6th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 0.88%. Trane Technologies’s payout ratio is 31.17%.

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.