Trane Technologies plc (NYSE:TT) Shares Purchased by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton grew its holdings in Trane Technologies plc (NYSE:TT) by 27.2% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 192 shares of the company’s stock after buying an additional 41 shares during the period. Rosenberg Matthew Hamilton’s holdings in Trane Technologies were worth $75,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. US Bancorp DE lifted its position in Trane Technologies by 4.8% during the 3rd quarter. US Bancorp DE now owns 73,943 shares of the company’s stock worth $28,744,000 after acquiring an additional 3,392 shares during the period. Goldstone Financial Group LLC acquired a new stake in shares of Trane Technologies during the third quarter worth $228,000. SteelPeak Wealth LLC acquired a new stake in shares of Trane Technologies during the third quarter worth $835,000. First Trust Direct Indexing L.P. grew its position in Trane Technologies by 8.1% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 8,994 shares of the company’s stock valued at $3,496,000 after buying an additional 673 shares during the last quarter. Finally, Capstone Triton Financial Group LLC increased its stake in Trane Technologies by 4.5% in the 3rd quarter. Capstone Triton Financial Group LLC now owns 4,028 shares of the company’s stock valued at $1,566,000 after buying an additional 174 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Activity at Trane Technologies

In other news, CEO David S. Regnery sold 29,450 shares of Trane Technologies stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $321.25, for a total transaction of $9,460,812.50. Following the completion of the sale, the chief executive officer now directly owns 132,946 shares in the company, valued at $42,708,902.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Raymond D. Pittard sold 1,805 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $328.65, for a total transaction of $593,213.25. Following the transaction, the executive vice president now directly owns 83,517 shares in the company, valued at approximately $27,447,862.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO David S. Regnery sold 29,450 shares of Trane Technologies stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $321.25, for a total value of $9,460,812.50. Following the completion of the sale, the chief executive officer now owns 132,946 shares of the company’s stock, valued at $42,708,902.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on TT. Barclays lifted their target price on shares of Trane Technologies from $425.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday. Wells Fargo & Company boosted their target price on Trane Technologies from $320.00 to $360.00 and gave the stock an “underweight” rating in a research report on Monday, October 7th. HSBC cut Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price target for the company. in a report on Thursday. Robert W. Baird dropped their price objective on Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Mizuho raised their target price on Trane Technologies from $325.00 to $400.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $380.15.

Trane Technologies Stock Down 1.4 %

Shares of NYSE TT opened at $370.35 on Friday. The firm’s 50-day moving average is $377.36 and its two-hundred day moving average is $344.79. The company has a market capitalization of $83.58 billion, a PE ratio of 34.36, a price-to-earnings-growth ratio of 2.59 and a beta of 1.01. Trane Technologies plc has a 12-month low of $186.24 and a 12-month high of $406.96. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.22 and a quick ratio of 0.84.

Trane Technologies (NYSE:TT) last posted its earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.14. The firm had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.32 billion. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. Trane Technologies’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.79 EPS. Equities analysts anticipate that Trane Technologies plc will post 10.89 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Friday, December 6th. Trane Technologies’s dividend payout ratio is presently 31.17%.

Trane Technologies Company 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.