Human Investing LLC Buys New Holdings in Trane Technologies plc (NYSE:TT)

Human Investing LLC purchased a new position in shares of Trane Technologies plc (NYSE:TT) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 682 shares of the company’s stock, valued at approximately $265,000.

A number of other institutional investors have also recently bought and sold shares of the business. BOK Financial Private Wealth Inc. acquired a new stake in shares of Trane Technologies during the 1st quarter valued at about $30,000. DT Investment Partners LLC acquired a new stake in Trane Technologies during the third quarter valued at approximately $36,000. Fortitude Family Office LLC grew its stake in shares of Trane Technologies by 63.2% in the 2nd quarter. Fortitude Family Office LLC now owns 111 shares of the company’s stock valued at $37,000 after purchasing an additional 43 shares during the period. Triad Wealth Partners LLC acquired a new position in shares of Trane Technologies in the 2nd quarter worth approximately $39,000. Finally, Quarry LP bought a new position in shares of Trane Technologies during the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Trading Up 1.1 %

TT traded up $4.23 during trading on Friday, reaching $374.39. 286,484 shares of the company’s stock were exchanged, compared to its average volume of 1,100,625. Trane Technologies plc has a fifty-two week low of $211.31 and a fifty-two week high of $406.96. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.84 and a current ratio of 1.22. The firm has a market capitalization of $84.49 billion, a PE ratio of 34.36, a P/E/G ratio of 2.59 and a beta of 1.01. The company’s fifty day moving average price is $377.36 and its 200-day moving average price is $344.79.

Trane Technologies (NYSE:TT) last posted its earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.14. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The company had revenue of $5.44 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same period in the previous year, the company earned $2.79 EPS. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, equities analysts forecast that Trane Technologies plc will post 10.89 EPS for the current year.

Trane Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be issued a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, December 6th. Trane Technologies’s dividend payout ratio (DPR) is 31.17%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Mizuho increased their price objective on Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Royal Bank of Canada upped their target price on shares of Trane Technologies from $334.00 to $350.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. Hsbc Global Res cut shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Barclays boosted their target price on Trane Technologies from $425.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Morgan Stanley started coverage on Trane Technologies in a research report on Friday, September 6th. They issued an “overweight” rating and a $425.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, Trane Technologies presently has an average rating of “Hold” and an average target price of $380.15.

Insider Activity at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 29,450 shares of Trane Technologies stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $321.25, for a total transaction of $9,460,812.50. Following the transaction, the chief executive officer now directly owns 132,946 shares in the company, valued at approximately $42,708,902.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Raymond D. Pittard sold 1,805 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $328.65, for a total value of $593,213.25. Following the sale, the executive vice president now directly owns 83,517 shares of the company’s stock, valued at approximately $27,447,862.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David S. Regnery sold 29,450 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $321.25, for a total transaction of $9,460,812.50. Following the completion of the transaction, the chief executive officer now directly owns 132,946 shares of the company’s stock, valued at approximately $42,708,902.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.

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.