Compagnie Lombard Odier SCmA Sells 71,319 Shares of Trane Technologies plc (NYSE:TT)

Compagnie Lombard Odier SCmA cut its holdings in Trane Technologies plc (NYSE:TT) by 29.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,363 shares of the company’s stock after selling 71,319 shares during the period. Compagnie Lombard Odier SCmA owned approximately 0.07% of Trane Technologies worth $62,185,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Procyon Advisors LLC boosted its holdings in Trane Technologies by 4.0% during the third quarter. Procyon Advisors LLC now owns 927 shares of the company’s stock valued at $360,000 after acquiring an additional 36 shares during the period. Creative Planning boosted its holdings in Trane Technologies by 5.8% during the third quarter. Creative Planning now owns 62,756 shares of the company’s stock valued at $24,395,000 after acquiring an additional 3,446 shares during the period. Swedbank AB boosted its holdings in Trane Technologies by 2.8% during the third quarter. Swedbank AB now owns 743,794 shares of the company’s stock valued at $289,135,000 after acquiring an additional 20,400 shares during the period. SeaCrest Wealth Management LLC boosted its holdings in Trane Technologies by 3.6% during the third quarter. SeaCrest Wealth Management LLC now owns 1,394 shares of the company’s stock valued at $542,000 after acquiring an additional 48 shares during the period. Finally, McKinley Carter Wealth Services Inc. bought a new stake in Trane Technologies during the third quarter valued at about $214,000. 82.97% of the stock is currently owned by institutional investors.

Insider Transactions at Trane Technologies

In other news, SVP Mairead Magner sold 4,329 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 12,893 shares of the company’s stock, valued at approximately $5,363,488. This trade represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Evan M. Turtz sold 318 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $358.12, for a total transaction of $113,882.16. Following the sale, the senior vice president now directly owns 20,513 shares of the company’s stock, valued at approximately $7,346,115.56. The trade was a 1.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,563 shares of company stock valued at $4,388,966. Corporate insiders own 0.38% of the company’s stock.

Trane Technologies Stock Performance

NYSE:TT opened at $361.25 on Friday. Trane Technologies plc has a 12-month low of $270.50 and a 12-month high of $422.00. 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 $81.29 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 2.44 and a beta of 1.05. The firm has a 50-day moving average price of $380.49 and a 200 day moving average price of $378.02.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.61 earnings per share (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%. Research analysts anticipate that Trane Technologies plc will post 12.83 earnings per share 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. Stockholders of record on Friday, March 7th will be issued a dividend of $0.94 per share. This is a positive change from Trane Technologies’s previous quarterly dividend of $0.84. The ex-dividend date is Friday, March 7th. This represents a $3.76 annualized dividend and a dividend yield of 1.04%. Trane Technologies’s dividend payout ratio (DPR) is presently 29.87%.

Analyst Ratings Changes

A number of research firms have issued reports on TT. Royal Bank of Canada upped their price target on shares of Trane Technologies from $390.00 to $395.00 and gave the company a “sector perform” rating in a report on Friday, January 3rd. Citigroup decreased their price target on shares of Trane Technologies from $478.00 to $476.00 and set a “buy” rating for the company in a report on Monday, January 13th. HSBC cut shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price target for the company. in a report on Thursday, October 31st. JPMorgan Chase & Co. upped their price objective on shares of Trane Technologies from $387.00 to $396.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, Barclays upped their price objective on shares of Trane Technologies from $440.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $415.25.

Trane Technologies 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.