ORG Partners LLC Takes $209,000 Position in Trane Technologies plc (NYSE:TT)

ORG Partners LLC purchased a new stake in shares of Trane Technologies plc (NYSE:TT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 649 shares of the company’s stock, valued at approximately $209,000.

Other institutional investors have also recently made changes to their positions in the company. GoalVest Advisory LLC lifted its holdings in Trane Technologies by 157.1% during the 1st quarter. GoalVest Advisory LLC now owns 90 shares of the company’s stock worth $27,000 after purchasing an additional 55 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. bought a new position in Trane Technologies in the 1st quarter worth about $27,000. BOK Financial Private Wealth Inc. bought a new position in Trane Technologies in the 1st quarter worth about $30,000. Sachetta LLC bought a new position in Trane Technologies in the 4th quarter worth about $27,000. Finally, Motco bought a new position in Trane Technologies in the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Transactions at Trane Technologies

In related news, EVP Raymond D. Pittard sold 1,805 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $328.65, for a total value of $593,213.25. Following the completion of the transaction, the executive vice president now directly owns 83,517 shares of the company’s stock, valued at $27,447,862.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Christopher J. Kuehn sold 4,000 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 61,293 shares in the company, valued at approximately $19,532,240.31. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Raymond D. Pittard sold 1,805 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $328.65, for a total value of $593,213.25. Following the completion of the sale, the executive vice president now owns 83,517 shares in the company, valued at approximately $27,447,862.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,243 shares of company stock valued at $14,216,550. Company insiders own 0.38% of the company’s stock.

Trane Technologies Trading Up 1.9 %

TT traded up $6.32 on Wednesday, hitting $345.72. 1,105,920 shares of the company were exchanged, compared to its average volume of 1,134,726. The firm has a fifty day simple moving average of $331.90 and a two-hundred day simple moving average of $310.18. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.74 and a current ratio of 1.17. Trane Technologies plc has a 12 month low of $184.02 and a 12 month high of $351.41. The stock has a market capitalization of $78.25 billion, a PE ratio of 36.26, a price-to-earnings-growth ratio of 2.50 and a beta of 1.01.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.22. Trane Technologies had a return on equity of 33.97% and a net margin of 12.33%. The business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.13 billion. During the same period last year, the company earned $2.68 EPS. Trane Technologies’s revenue for the quarter was up 12.8% compared to the same quarter last year. Sell-side analysts expect that Trane Technologies plc will post 10.83 earnings per share for the current year.

Trane Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a $0.84 dividend. The ex-dividend date is Friday, September 6th. This represents a $3.36 annualized dividend and a yield of 0.97%. Trane Technologies’s dividend payout ratio (DPR) is presently 35.90%.

Wall Street Analyst Weigh In

TT has been the topic of a number of research analyst reports. Citigroup upped their target price on Trane Technologies from $355.00 to $366.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Mizuho increased their price objective on Trane Technologies from $280.00 to $325.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Stephens reiterated an “equal weight” rating and set a $350.00 price objective on shares of Trane Technologies in a research report on Monday, August 5th. JPMorgan Chase & Co. increased their price objective on Trane Technologies from $247.00 to $300.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Finally, UBS Group increased their price objective on Trane Technologies from $330.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, June 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $323.29.

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.