Trane Technologies plc (NYSE:TT) Shares Acquired by Front Row Advisors LLC

Front Row Advisors LLC lifted its stake in Trane Technologies plc (NYSE:TT) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,577 shares of the company’s stock after purchasing an additional 48 shares during the quarter. Front Row Advisors LLC’s holdings in Trane Technologies were worth $2,429,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Townsquare Capital LLC raised its stake in shares of Trane Technologies by 55.6% in the 3rd quarter. Townsquare Capital LLC now owns 3,362 shares of the company’s stock valued at $1,307,000 after acquiring an additional 1,201 shares during the period. Public Sector Pension Investment Board boosted its position in shares of Trane Technologies by 14.0% during the third quarter. Public Sector Pension Investment Board now owns 9,772 shares of the company’s stock worth $3,799,000 after buying an additional 1,200 shares during the period. Captrust Financial Advisors grew its stake in shares of Trane Technologies by 13.4% in the third quarter. Captrust Financial Advisors now owns 15,221 shares of the company’s stock valued at $5,917,000 after buying an additional 1,804 shares in the last quarter. PDT Partners LLC acquired a new position in Trane Technologies during the 3rd quarter worth about $972,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in Trane Technologies by 35.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 86,464 shares of the company’s stock valued at $33,611,000 after acquiring an additional 22,576 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 2,754 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $357.34, for a total value of $984,114.36. Following the completion of the transaction, the chief executive officer now owns 132,969 shares in the company, valued at approximately $47,515,142.46. This represents a 2.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Christopher J. Kuehn sold 876 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $357.42, for a total transaction of $313,099.92. Following the sale, the chief financial officer now owns 63,841 shares in the company, valued at $22,818,050.22. The trade was a 1.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,234 shares of company stock valued at $2,588,102. 0.38% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TT has been the subject of several research reports. Melius Research restated a “hold” rating and issued a $398.00 price target on shares of Trane Technologies in a research note on Tuesday, January 28th. Citigroup decreased their price objective on Trane Technologies from $478.00 to $476.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Barclays reduced their target price on shares of Trane Technologies from $500.00 to $475.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Wells Fargo & Company reduced their price objective on shares of Trane Technologies from $380.00 to $360.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Finally, Royal Bank of Canada boosted their target price on shares of Trane Technologies from $390.00 to $395.00 and gave the stock a “sector perform” rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Trane Technologies currently has a consensus rating of “Hold” and a consensus target price of $413.69.

Trane Technologies Trading Up 1.6 %

Shares of Trane Technologies stock opened at $337.21 on Tuesday. The company’s fifty day moving average is $356.79 and its two-hundred day moving average is $379.99. Trane Technologies plc has a 1 year low of $286.32 and a 1 year high of $422.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21. The company has a market capitalization of $75.63 billion, a P/E ratio of 29.97, a PEG ratio of 2.50 and a beta of 1.08.

Trane Technologies (NYSE:TT) last issued its quarterly 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 return on equity of 35.37% and a net margin of 12.94%. Analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 1.12%. This is a positive change from Trane Technologies’s previous quarterly dividend of $0.84. The ex-dividend date was Friday, March 7th. Trane Technologies’s dividend payout ratio (DPR) is 33.42%.

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.