Trane Technologies plc (NYSE:TT) Shares Sold by Consilium Wealth Advisory LLC

Consilium Wealth Advisory LLC cut its position in Trane Technologies plc (NYSE:TT) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,167 shares of the company’s stock after selling 148 shares during the quarter. Trane Technologies accounts for 1.1% of Consilium Wealth Advisory LLC’s holdings, making the stock its 25th largest holding. Consilium Wealth Advisory LLC’s holdings in Trane Technologies were worth $2,278,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC grew its stake in shares of Trane Technologies by 47,293.6% in the fourth quarter. Proficio Capital Partners LLC now owns 253,082 shares of the company’s stock valued at $93,476,000 after buying an additional 252,548 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its stake in Trane Technologies by 3.1% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 90,273 shares of the company’s stock worth $33,342,000 after purchasing an additional 2,700 shares in the last quarter. Simmons Bank grew its stake in Trane Technologies by 12.8% during the 4th quarter. Simmons Bank now owns 725 shares of the company’s stock worth $268,000 after purchasing an additional 82 shares in the last quarter. Checchi Capital Advisers LLC grew its stake in Trane Technologies by 21.8% during the 4th quarter. Checchi Capital Advisers LLC now owns 2,373 shares of the company’s stock worth $876,000 after purchasing an additional 425 shares in the last quarter. Finally, Impact Investors Inc acquired a new position in Trane Technologies during the 4th quarter worth $297,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Mairead Magner sold 198 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $357.61, for a total value of $70,806.78. Following the sale, the senior vice president now owns 13,401 shares of the company’s stock, valued at approximately $4,792,331.61. This represents a 1.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David S. Regnery sold 2,754 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $357.34, for a total value of $984,114.36. Following the completion of the sale, the chief executive officer now directly owns 132,969 shares in the company, valued at approximately $47,515,142.46. The trade was a 2.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,563 shares of company stock worth $4,388,966 in the last quarter. Company insiders own 0.38% of the company’s stock.

Trane Technologies Stock Performance

NYSE TT opened at $350.30 on Thursday. The stock has a market capitalization of $78.57 billion, a price-to-earnings ratio of 31.14, a PEG ratio of 2.50 and a beta of 1.05. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $372.37 and its two-hundred day moving average is $380.26. Trane Technologies plc has a 12-month low of $279.00 and a 12-month high of $422.00.

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

Trane Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $0.94 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.07%. This is a boost from Trane Technologies’s previous quarterly dividend of $0.84. Trane Technologies’s dividend payout ratio is currently 29.87%.

Analysts Set New Price Targets

A number of brokerages have issued reports on TT. Northcoast Research began coverage on Trane Technologies in a report on Friday, November 22nd. They set a “buy” rating and a $500.00 price target for the company. Melius Research reissued a “hold” rating and issued a $398.00 target price on shares of Trane Technologies in a report on Tuesday, January 28th. HSBC downgraded Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 target price for the company. in a report on Thursday, October 31st. Royal Bank of Canada boosted their target price on Trane Technologies from $390.00 to $395.00 and gave the company a “sector perform” rating in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. upped their price objective on Trane Technologies from $387.00 to $396.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $415.25.

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.