Olympiad Research LP Takes $221,000 Position in Trane Technologies plc (NYSE:TT)

Olympiad Research LP bought a new stake in Trane Technologies plc (NYSE:TT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 598 shares of the company’s stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Pinnacle Financial Partners Inc increased its stake in shares of Trane Technologies by 6.9% in the fourth quarter. Pinnacle Financial Partners Inc now owns 5,035 shares of the company’s stock valued at $1,860,000 after buying an additional 326 shares in the last quarter. Sigma Planning Corp lifted its stake in shares of Trane Technologies by 5.4% during the fourth quarter. Sigma Planning Corp now owns 5,155 shares of the company’s stock valued at $1,904,000 after acquiring an additional 265 shares during the period. Navellier & Associates Inc. acquired a new position in shares of Trane Technologies during the fourth quarter valued at $4,752,000. Peregrine Asset Advisers Inc. lifted its stake in shares of Trane Technologies by 13.1% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 865 shares of the company’s stock valued at $319,000 after acquiring an additional 100 shares during the period. Finally, Bradley Foster & Sargent Inc. CT lifted its stake in shares of Trane Technologies by 6.0% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 5,316 shares of the company’s stock valued at $1,963,000 after acquiring an additional 300 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 2,754 shares of the firm’s 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 transaction, the chief executive officer now owns 132,969 shares in the company, valued at $47,515,142.46. This trade represents a 2.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mairead Magner sold 4,329 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total value of $1,800,864.00. Following the transaction, the senior vice president now owns 12,893 shares in the company, valued at approximately $5,363,488. This trade represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,563 shares of company stock worth $4,388,966. Company insiders own 0.38% of the company’s stock.

Trane Technologies Stock Down 3.3 %

NYSE:TT opened at $354.56 on Monday. Trane Technologies plc has a 1 year low of $279.00 and a 1 year high of $422.00. 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 market cap of $79.52 billion, a price-to-earnings ratio of 31.52, a PEG ratio of 2.50 and a beta of 1.05. The stock has a 50-day moving average price of $374.82 and a two-hundred day moving average price of $380.23.

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, 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%. As a group, equities analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.06%. This is a positive change from Trane Technologies’s previous quarterly dividend of $0.84. Trane Technologies’s dividend payout ratio (DPR) is 29.87%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wells Fargo & Company cut their price target on Trane Technologies from $380.00 to $360.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. HSBC lowered Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price target on the stock. in a research note on Thursday, October 31st. UBS Group cut their price target 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. Robert W. Baird cut their price target on Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Finally, Hsbc Global Res lowered Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.