Trane Technologies plc (NYSE:TT) CFO Sells $313,099.92 in Stock

Trane Technologies plc (NYSE:TT) CFO Christopher J. Kuehn sold 876 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $357.42, for a total transaction of $313,099.92. Following the completion of the transaction, the chief financial officer now directly owns 63,841 shares in the company, valued at approximately $22,818,050.22. The trade was a 1.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Trane Technologies Trading Down 0.2 %

TT traded down $0.88 during midday trading on Thursday, hitting $356.94. 973,570 shares of the company were exchanged, compared to its average volume of 1,532,532. The firm’s 50 day moving average price is $386.03 and its 200-day moving average price is $377.10. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $80.32 billion, a P/E ratio of 31.73, a P/E/G ratio of 2.18 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 released its earnings results on Thursday, January 30th. The company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities analysts forecast that Trane Technologies plc will post 12.79 EPS for the current fiscal year.

Trane Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 1.05%. This is a positive change from Trane Technologies’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Friday, March 7th. Trane Technologies’s payout ratio is presently 29.87%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TT. Citigroup reduced their target price on Trane Technologies from $478.00 to $476.00 and set a “buy” rating on the stock in a report on Monday, January 13th. UBS Group reduced their target price on Trane Technologies from $500.00 to $470.00 and set a “buy” rating on the stock in a report on Friday, January 31st. HSBC lowered shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price target on the stock. in a research note on Thursday, October 31st. Northcoast Research initiated coverage on Trane Technologies in a research note on Friday, November 22nd. They issued a “buy” rating and a $500.00 target price on the stock. Finally, Hsbc Global Res cut shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $415.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Czech National Bank lifted its position in Trane Technologies by 6.6% in the 3rd quarter. Czech National Bank now owns 45,971 shares of the company’s stock valued at $17,870,000 after acquiring an additional 2,837 shares in the last quarter. Diversified Trust Co lifted its position in shares of Trane Technologies by 4.5% during the third quarter. Diversified Trust Co now owns 3,310 shares of the company’s stock valued at $1,287,000 after purchasing an additional 144 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its position in shares of Trane Technologies by 0.8% during the third quarter. Dynamic Advisor Solutions LLC now owns 5,041 shares of the company’s stock valued at $1,959,000 after purchasing an additional 40 shares in the last quarter. Park Place Capital Corp lifted its position in shares of Trane Technologies by 1,051.7% during the 3rd quarter. Park Place Capital Corp now owns 334 shares of the company’s stock worth $130,000 after buying an additional 305 shares in the last quarter. Finally, City Holding Co. lifted its holdings in Trane Technologies by 2.6% during the third quarter. City Holding Co. now owns 16,159 shares of the company’s stock worth $6,281,000 after acquiring an additional 413 shares during the period. Institutional investors own 82.97% 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.