Trane Technologies plc (NYSE:TT) Shares Bought by Secured Retirement Advisors LLC

Secured Retirement Advisors LLC lifted its stake in shares of Trane Technologies plc (NYSE:TTFree Report) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,628 shares of the company’s stock after buying an additional 28 shares during the quarter. Secured Retirement Advisors LLC’s holdings in Trane Technologies were worth $1,709,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. increased its holdings in shares of Trane Technologies by 14.3% in the 4th quarter. Principal Securities Inc. now owns 5,584 shares of the company’s stock valued at $2,063,000 after acquiring an additional 700 shares during the last quarter. bLong Financial LLC bought a new stake in shares of Trane Technologies in the 4th quarter worth approximately $443,000. Everhart Financial Group Inc. boosted its position in Trane Technologies by 3.6% during the 4th quarter. Everhart Financial Group Inc. now owns 2,608 shares of the company’s stock valued at $963,000 after purchasing an additional 91 shares during the period. Nations Financial Group Inc. IA ADV increased its position in Trane Technologies by 4.4% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 8,312 shares of the company’s stock worth $3,070,000 after buying an additional 352 shares during the period. Finally, Center for Financial Planning Inc. lifted its position in Trane Technologies by 1.6% in the 4th quarter. Center for Financial Planning Inc. now owns 2,120 shares of the company’s stock valued at $783,000 after purchasing an additional 34 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, SVP Mairead Magner sold 198 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $357.61, for a total value of $70,806.78. Following the transaction, the senior vice president now owns 13,401 shares in the company, valued at $4,792,331.61. The trade was a 1.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David S. Regnery sold 2,754 shares of the firm’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 sale, the chief executive officer now directly owns 132,969 shares of the company’s stock, 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. In the last quarter, insiders have sold 11,563 shares of company stock worth $4,388,966. 0.38% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on TT shares. Melius lowered Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 price target for the company. in a research report on Tuesday, January 28th. Robert W. Baird lowered their target price on shares of Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Melius Research reaffirmed a “hold” rating and issued a $398.00 price target on shares of Trane Technologies in a research note on Tuesday, January 28th. HSBC lowered shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price objective on the stock. in a research note on Thursday, October 31st. Finally, Citigroup cut their target price on Trane Technologies from $478.00 to $476.00 and set a “buy” rating for the company in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Trane Technologies has a consensus rating of “Hold” and a consensus price target of $415.25.

Check Out Our Latest Report on Trane Technologies

Trane Technologies Trading Up 0.6 %

NYSE TT opened at $363.58 on Friday. The firm’s 50 day moving average price is $378.44 and its two-hundred day moving average price is $378.47. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21. Trane Technologies plc has a twelve month low of $270.50 and a twelve month high of $422.00. The stock has a market cap of $81.55 billion, a price-to-earnings ratio of 32.32, a PEG ratio of 2.44 and a beta of 1.05.

Trane Technologies (NYSE:TTGet Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.61 earnings per share for the quarter, beating 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%. Equities analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Trane Technologies’s previous quarterly dividend of $0.84. This represents a $3.76 dividend on an annualized basis and a yield of 1.03%. Trane Technologies’s payout ratio is presently 29.87%.

Trane Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Trane Technologies (NYSE:TT)

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