Trane Technologies plc (NYSE:TT) Shares Purchased by MONECO Advisors LLC

MONECO Advisors LLC raised its stake in shares of Trane Technologies plc (NYSE:TT) by 18.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 975 shares of the company’s stock after purchasing an additional 155 shares during the period. MONECO Advisors LLC’s holdings in Trane Technologies were worth $360,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TT. Swedbank AB grew its stake in Trane Technologies by 2.8% during the third quarter. Swedbank AB now owns 743,794 shares of the company’s stock worth $289,135,000 after buying an additional 20,400 shares during the period. Private Advisor Group LLC grew its stake in Trane Technologies by 13.9% during the third quarter. Private Advisor Group LLC now owns 8,553 shares of the company’s stock worth $3,325,000 after buying an additional 1,043 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Trane Technologies by 42.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,324 shares of the company’s stock worth $9,339,000 after buying an additional 7,194 shares during the period. NorthCrest Asset Manangement LLC grew its stake in Trane Technologies by 6.6% during the third quarter. NorthCrest Asset Manangement LLC now owns 2,787 shares of the company’s stock worth $1,083,000 after buying an additional 172 shares during the period. Finally, PFG Investments LLC grew its stake in Trane Technologies by 4.8% during the third quarter. PFG Investments LLC now owns 1,880 shares of the company’s stock worth $731,000 after buying an additional 86 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Trane Technologies Trading Down 2.3 %

NYSE TT opened at $346.49 on Tuesday. Trane Technologies plc has a 12 month low of $279.00 and a 12 month high of $422.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.21 and a quick ratio of 0.88. The company has a market capitalization of $77.72 billion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05. The company’s fifty day moving average price is $373.78 and its two-hundred day moving average price is $380.36.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.09. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. As a group, research analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.09%. This is a boost from Trane Technologies’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Friday, March 7th. Trane Technologies’s dividend payout ratio is 29.87%.

Insiders Place Their Bets

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total transaction of $1,800,864.00. Following the sale, the senior vice president now directly owns 12,893 shares of the company’s stock, valued at approximately $5,363,488. This represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David S. Regnery sold 2,754 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $357.34, for a total transaction of $984,114.36. Following the sale, the chief executive officer now directly owns 132,969 shares in the company, valued at $47,515,142.46. This trade represents a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,563 shares of company stock valued at $4,388,966. Company insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

TT has been the subject of several research reports. Citigroup decreased their price objective on shares of Trane Technologies from $478.00 to $476.00 and set a “buy” rating for the company in a research note on Monday, January 13th. UBS Group decreased their target price on shares of Trane Technologies from $500.00 to $470.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Hsbc Global Res downgraded shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Melius downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 target price for the company. in a research note on Tuesday, January 28th. Finally, Northcoast Research started coverage on shares of Trane Technologies in a research note on Friday, November 22nd. They issued a “buy” rating and a $500.00 target price for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $415.25.

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.