Trane Technologies plc (NYSE:TT) Stock Holdings Boosted by EULAV Asset Management

EULAV Asset Management boosted its position in Trane Technologies plc (NYSE:TT) by 65.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 48,000 shares of the company’s stock after purchasing an additional 19,000 shares during the quarter. EULAV Asset Management’s holdings in Trane Technologies were worth $17,729,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Strategic Wealth Partners Ltd. bought a new position in Trane Technologies in the 3rd quarter valued at about $216,000. CWM LLC lifted its stake in shares of Trane Technologies by 33.8% in the 3rd quarter. CWM LLC now owns 8,675 shares of the company’s stock worth $3,372,000 after acquiring an additional 2,192 shares during the period. Wedmont Private Capital boosted its holdings in shares of Trane Technologies by 9.8% in the third quarter. Wedmont Private Capital now owns 2,847 shares of the company’s stock valued at $1,111,000 after acquiring an additional 253 shares in the last quarter. Sanibel Captiva Trust Company Inc. acquired a new position in shares of Trane Technologies during the third quarter valued at approximately $217,000. Finally, Private Advisory Group LLC bought a new stake in Trane Technologies during the third quarter worth approximately $1,240,000. Institutional investors own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TT. Melius cut Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 price target on the stock. in a research report on Tuesday, January 28th. Melius Research reiterated a “hold” rating and issued a $398.00 price target on shares of Trane Technologies in a research report 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 for the company. in a research report on Thursday, October 31st. Robert W. Baird cut their target price on shares of Trane Technologies from $408.00 to $404.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, UBS Group decreased their price target on shares of Trane Technologies from $500.00 to $470.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $415.25.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 2,754 shares of the business’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 of the company’s stock, valued at $47,515,142.46. The trade was a 2.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Mairead Magner sold 4,329 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total transaction of $1,800,864.00. Following the transaction, the senior vice president now owns 12,893 shares in the company, valued at $5,363,488. This represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,157 shares of company stock worth $3,168,885 over the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

Trane Technologies Stock Down 0.5 %

Shares of Trane Technologies stock opened at $356.07 on Friday. Trane Technologies plc has a 1 year low of $265.37 and a 1 year high of $422.00. The company has a market cap of $80.12 billion, a P/E ratio of 31.65, a P/E/G ratio of 2.18 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 stock has a 50-day moving average price of $384.85 and a 200 day moving average price of $376.96.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.61 EPS for the quarter, topping 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, analysts expect that Trane Technologies plc will post 12.79 EPS for the current fiscal year.

Trane Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 1.06%. This is a positive change from Trane Technologies’s previous quarterly dividend of $0.84. The ex-dividend date is Friday, March 7th. Trane Technologies’s dividend payout ratio (DPR) is currently 29.87%.

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.