Community Bank & Trust Waco Texas Buys 68 Shares of Trane Technologies plc (NYSE:TT)

Community Bank & Trust Waco Texas increased its stake in shares of Trane Technologies plc (NYSE:TT) by 3.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,843 shares of the company’s stock after purchasing an additional 68 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Trane Technologies were worth $681,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Global Wealth Strategies & Associates bought a new position in Trane Technologies in the 4th quarter valued at $26,000. MidAtlantic Capital Management Inc. bought a new position in shares of Trane Technologies during the 3rd quarter worth $27,000. DT Investment Partners LLC bought a new position in shares of Trane Technologies during the 3rd quarter worth $36,000. Sound Income Strategies LLC grew its position in shares of Trane Technologies by 1,314.3% during the 4th quarter. Sound Income Strategies LLC now owns 99 shares of the company’s stock worth $37,000 after buying an additional 92 shares in the last quarter. Finally, Pittenger & Anderson Inc. purchased a new stake in shares of Trane Technologies during the 3rd quarter worth $39,000. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Up 1.1 %

Shares of Trane Technologies stock opened at $360.23 on Tuesday. The business has a 50-day moving average of $383.65 and a 200-day moving average of $377.63. 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 $81.06 billion, a PE ratio of 32.02, a P/E/G ratio of 2.44 and a beta of 1.05. Trane Technologies plc has a 1-year low of $265.37 and a 1-year high of $422.00.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.61 EPS 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%. As a group, equities analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 1.04%. The ex-dividend date is Friday, March 7th. This is a boost from Trane Technologies’s previous quarterly dividend of $0.84. Trane Technologies’s payout ratio is 29.87%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Royal Bank of Canada increased their price target on Trane Technologies from $390.00 to $395.00 and gave the company a “sector perform” rating in a research note on Friday, January 3rd. Barclays raised their target price on Trane Technologies from $440.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Mizuho raised their price objective on Trane Technologies from $325.00 to $400.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Wells Fargo & Company decreased their target price on Trane Technologies from $380.00 to $360.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their target price on Trane Technologies from $387.00 to $396.00 and gave the company a “neutral” rating in a research report 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 issued a buy rating to the company. Based on data from MarketBeat, Trane Technologies currently has a consensus rating of “Hold” and an average price target of $415.25.

Insider Activity

In other Trane Technologies news, CEO David S. Regnery sold 2,754 shares of Trane Technologies 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 transaction, the chief executive officer now owns 132,969 shares in the company, valued at approximately $47,515,142.46. The trade was a 2.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Mairead Magner sold 198 shares of Trane Technologies stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $357.61, for a total transaction of $70,806.78. Following the completion of the transaction, the senior vice president now owns 13,401 shares in the company, valued at approximately $4,792,331.61. This trade represents a 1.46 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,157 shares of company stock valued at $3,168,885. Insiders own 0.38% of the company’s stock.

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.