Meeder Advisory Services Inc. Has $2.59 Million Holdings in Trane Technologies plc (NYSE:TT)

Meeder Advisory Services Inc. boosted its stake in Trane Technologies plc (NYSE:TT) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,004 shares of the company’s stock after purchasing an additional 258 shares during the period. Meeder Advisory Services Inc.’s holdings in Trane Technologies were worth $2,587,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Public Sector Pension Investment Board lifted its position in shares of Trane Technologies by 14.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 9,772 shares of the company’s stock worth $3,799,000 after purchasing an additional 1,200 shares during the period. Captrust Financial Advisors raised its stake in Trane Technologies by 13.4% during the third quarter. Captrust Financial Advisors now owns 15,221 shares of the company’s stock worth $5,917,000 after buying an additional 1,804 shares during the last quarter. Edgestream Partners L.P. bought a new position in Trane Technologies during the third quarter worth $519,000. Tradition Wealth Management LLC acquired a new position in Trane Technologies in the third quarter valued at $232,000. Finally, Benjamin Edwards Inc. boosted its position in Trane Technologies by 311,900.0% during the third quarter. Benjamin Edwards Inc. now owns 9,360 shares of the company’s stock valued at $3,639,000 after acquiring an additional 9,357 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Trane Technologies Trading Up 1.5 %

Shares of Trane Technologies stock opened at $341.89 on Wednesday. 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 fifty day simple moving average of $355.69 and a 200 day simple moving average of $379.83. Trane Technologies plc has a 12-month low of $286.32 and a 12-month high of $422.00. The company has a market capitalization of $76.68 billion, a P/E ratio of 30.39, a price-to-earnings-growth ratio of 2.50 and a beta of 1.08.

Trane Technologies (NYSE:TT) last posted its 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%. On average, sell-side 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 announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a dividend of $0.94 per share. The ex-dividend date was Friday, March 7th. This represents a $3.76 annualized dividend and a dividend yield of 1.10%. This is a boost from Trane Technologies’s previous quarterly dividend of $0.84. Trane Technologies’s dividend payout ratio (DPR) is currently 33.42%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TT. UBS Group dropped their price objective on Trane Technologies from $500.00 to $470.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their price target on Trane Technologies from $387.00 to $396.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Barclays reduced their price objective on shares of Trane Technologies from $500.00 to $475.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Wells Fargo & Company dropped their target price on shares of Trane Technologies from $380.00 to $360.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Finally, Melius cut shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 price target for the company. in a report on Tuesday, January 28th. One 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 MarketBeat.com, Trane Technologies currently has an average rating of “Hold” and an average price target of $413.69.

Insider Transactions at Trane Technologies

In other news, CEO David S. Regnery sold 2,754 shares of Trane Technologies stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $357.34, for a total transaction of $984,114.36. Following the sale, the chief executive officer now directly owns 132,969 shares in the company, valued at $47,515,142.46. The trade was a 2.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Christopher J. Kuehn sold 876 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $357.42, for a total transaction of $313,099.92. Following the transaction, the chief financial officer now owns 63,841 shares of the company’s stock, valued at approximately $22,818,050.22. The trade was a 1.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,234 shares of company stock worth $2,588,102 in the last 90 days. Insiders own 0.38% of the company’s stock.

About Trane Technologies

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.