Mather Group LLC. Has $344,000 Stock Holdings in Trane Technologies plc (NYSE:TT)

Mather Group LLC. grew its position in Trane Technologies plc (NYSE:TT) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 932 shares of the company’s stock after purchasing an additional 48 shares during the quarter. Mather Group LLC.’s holdings in Trane Technologies were worth $344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Dynamic Advisor Solutions LLC increased its position in Trane Technologies by 0.8% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 5,041 shares of the company’s stock worth $1,959,000 after buying an additional 40 shares during the period. Strategic Wealth Partners Ltd. bought a new position in Trane Technologies during the third quarter worth $216,000. Sovereign Financial Group Inc. raised its stake in Trane Technologies by 4.0% during the 3rd quarter. Sovereign Financial Group Inc. now owns 1,300 shares of the company’s stock valued at $505,000 after purchasing an additional 50 shares during the last quarter. CWM LLC boosted its holdings in Trane Technologies by 33.8% in the 3rd quarter. CWM LLC now owns 8,675 shares of the company’s stock valued at $3,372,000 after purchasing an additional 2,192 shares during the period. Finally, Wedmont Private Capital grew its position in Trane Technologies by 9.8% in the 3rd quarter. Wedmont Private Capital now owns 2,847 shares of the company’s stock worth $1,111,000 after purchasing an additional 253 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TT shares. Citigroup reduced their target price on shares of Trane Technologies from $478.00 to $476.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Robert W. Baird reduced their price objective on Trane Technologies from $408.00 to $404.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Wells Fargo & Company lowered their price objective on Trane Technologies from $380.00 to $360.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Mizuho raised their target price on Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada increased their price objective on shares of Trane Technologies from $390.00 to $395.00 and gave the company a “sector perform” rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $415.25.

Insider Activity at Trane Technologies

In other news, SVP Mairead Magner sold 4,329 shares of Trane Technologies 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 in the company, valued at $5,363,488. The trade was a 25.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Christopher J. Kuehn sold 876 shares of the 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 owns 63,841 shares in the company, valued at $22,818,050.22. This represents a 1.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,157 shares of company stock valued at $3,168,885 over the last quarter. Corporate insiders own 0.38% of the company’s stock.

Trane Technologies Trading Down 0.2 %

TT stock opened at $356.94 on Friday. The business has a fifty day moving average price of $386.03 and a 200 day moving average price of $377.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.21 and a quick ratio of 0.88. Trane Technologies plc has a fifty-two week low of $265.37 and a fifty-two week high of $422.00. The stock has a market capitalization of $80.32 billion, a price-to-earnings ratio of 31.73, a P/E/G ratio of 2.18 and a beta of 1.05.

Trane Technologies (NYSE:TT) last announced its earnings results on Thursday, January 30th. The company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.09. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. Analysts expect that Trane Technologies plc will post 12.79 EPS for the current fiscal year.

Trane Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.94 per share. This is a boost from Trane Technologies’s previous quarterly dividend of $0.84. This represents a $3.76 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Friday, March 7th. Trane Technologies’s dividend payout ratio is 29.87%.

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.