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

Evexia Wealth LLC decreased its position in shares of Trane Technologies plc (NYSE:TT) by 8.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,022 shares of the company’s stock after selling 186 shares during the period. Evexia Wealth LLC’s holdings in Trane Technologies were worth $720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in TT. Global Wealth Strategies & Associates acquired a new position in shares of Trane Technologies during the 4th quarter worth approximately $26,000. Sound Income Strategies LLC grew its position in shares of Trane Technologies by 1,314.3% in the fourth quarter. Sound Income Strategies LLC now owns 99 shares of the company’s stock valued at $37,000 after purchasing an additional 92 shares during the period. Flagship Wealth Advisors LLC purchased a new stake in shares of Trane Technologies during the fourth quarter worth about $37,000. Golden State Wealth Management LLC acquired a new position in shares of Trane Technologies during the 4th quarter worth about $39,000. Finally, BankPlus Trust Department purchased a new position in Trane Technologies in the 4th quarter valued at about $45,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, CFO Christopher J. Kuehn sold 876 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $357.42, for a total value of $313,099.92. Following the sale, the chief financial officer now owns 63,841 shares of the company’s stock, valued at $22,818,050.22. This trade represents a 1.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David S. Regnery sold 2,754 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $357.34, for a total value of $984,114.36. Following the transaction, the chief executive officer now directly owns 132,969 shares of the company’s stock, valued at approximately $47,515,142.46. This represents a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,234 shares of company stock valued at $2,588,102 in the last 90 days. Company insiders own 0.38% of the company’s stock.

Trane Technologies Stock Down 0.4 %

Shares of NYSE TT opened at $314.77 on Wednesday. Trane Technologies plc has a 52-week low of $286.32 and a 52-week high of $422.00. The business’s 50 day moving average is $348.59 and its two-hundred day moving average is $377.60. The firm has a market cap of $70.60 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 2.50 and a beta of 1.08. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58.

Trane Technologies (NYSE:TT) last posted its earnings results on Thursday, January 30th. The company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 predict that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.76 dividend on an annualized basis and a yield of 1.19%. Trane Technologies’s dividend payout ratio (DPR) is presently 33.42%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TT shares. Melius Research reissued a “hold” rating and set a $398.00 target price on shares of Trane Technologies in a report on Tuesday, January 28th. Melius lowered Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 price objective on the stock. in a report on Tuesday, January 28th. JPMorgan Chase & Co. lowered their target price on shares of Trane Technologies from $396.00 to $323.00 and set a “neutral” rating on the stock in a research note on Tuesday. Barclays reduced their target price on shares of Trane Technologies from $500.00 to $475.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Finally, Citigroup dropped 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. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $409.13.

Trane Technologies 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.