Citizens Financial Group Inc. RI Sells 63 Shares of Trane Technologies plc (NYSE:TT)

Citizens Financial Group Inc. RI lowered its holdings in shares of Trane Technologies plc (NYSE:TT) by 5.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,010 shares of the company’s stock after selling 63 shares during the period. Citizens Financial Group Inc. RI’s holdings in Trane Technologies were worth $304,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in TT. Advisory Resource Group boosted its holdings in shares of Trane Technologies by 6.0% during the first quarter. Advisory Resource Group now owns 3,089 shares of the company’s stock worth $927,000 after acquiring an additional 174 shares during the period. Tidal Investments LLC boosted its holdings in shares of Trane Technologies by 43.2% during the first quarter. Tidal Investments LLC now owns 13,791 shares of the company’s stock worth $4,140,000 after acquiring an additional 4,163 shares during the period. Creekmur Asset Management LLC raised its position in shares of Trane Technologies by 1.5% in the first quarter. Creekmur Asset Management LLC now owns 3,020 shares of the company’s stock valued at $907,000 after buying an additional 45 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Trane Technologies by 0.3% in the first quarter. California State Teachers Retirement System now owns 361,624 shares of the company’s stock valued at $108,560,000 after buying an additional 1,211 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its position in shares of Trane Technologies by 10.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,501 shares of the company’s stock valued at $1,051,000 after buying an additional 335 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Insider Transactions at Trane Technologies

In related news, SVP Evan M. Turtz sold 8,988 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $321.30, for a total value of $2,887,844.40. Following the transaction, the senior vice president now owns 20,758 shares of the company’s stock, valued at approximately $6,669,545.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Trane Technologies news, CFO Christopher J. Kuehn sold 4,000 shares of Trane Technologies stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $318.67, for a total transaction of $1,274,680.00. Following the transaction, the chief financial officer now owns 61,293 shares of the company’s stock, valued at approximately $19,532,240.31. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Evan M. Turtz sold 8,988 shares of Trane Technologies stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $321.30, for a total transaction of $2,887,844.40. Following the transaction, the senior vice president now directly owns 20,758 shares in the company, valued at approximately $6,669,545.40. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Trane Technologies Stock Performance

Shares of Trane Technologies stock opened at $318.45 on Friday. The company has a market cap of $71.86 billion, a P/E ratio of 34.02, a PEG ratio of 2.50 and a beta of 1.01. The business has a 50-day moving average price of $331.66 and a two-hundred day moving average price of $305.55. The company has a current ratio of 1.17, a quick ratio of 0.74 and a debt-to-equity ratio of 0.62. Trane Technologies plc has a 1-year low of $184.02 and a 1-year high of $351.41.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Wednesday, July 31st. The company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.22. The company had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.13 billion. Trane Technologies had a net margin of 12.33% and a return on equity of 33.97%. The business’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.68 EPS. As a group, analysts anticipate that Trane Technologies plc will post 10.83 EPS for the current year.

Trane Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given a dividend of $0.84 per share. The ex-dividend date is Friday, September 6th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.06%. Trane Technologies’s dividend payout ratio (DPR) is presently 35.90%.

Analyst Upgrades and Downgrades

Several brokerages have commented on TT. Robert W. Baird boosted their price objective on shares of Trane Technologies from $360.00 to $365.00 and gave the company a “neutral” rating in a research report on Thursday. Citigroup boosted their price objective on shares of Trane Technologies from $355.00 to $366.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Barclays boosted their target price on shares of Trane Technologies from $385.00 to $394.00 and gave the stock an “overweight” rating in a research note on Thursday. TD Cowen boosted their target price on shares of Trane Technologies from $325.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Wells Fargo & Company boosted their target price on shares of Trane Technologies from $310.00 to $315.00 and gave the stock an “underweight” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Trane Technologies presently has a consensus rating of “Hold” and a consensus target price of $321.14.

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.