AGF Management Ltd. Buys 1,744 Shares of Trane Technologies plc (NYSE:TT)

AGF Management Ltd. boosted its stake in Trane Technologies plc (NYSE:TT) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,885 shares of the company’s stock after acquiring an additional 1,744 shares during the period. AGF Management Ltd.’s holdings in Trane Technologies were worth $15,470,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Wealthfront Advisers LLC boosted its holdings in Trane Technologies by 6.1% in the fourth quarter. Wealthfront Advisers LLC now owns 29,049 shares of the company’s stock valued at $10,729,000 after acquiring an additional 1,661 shares in the last quarter. Gables Capital Management Inc. boosted its holdings in Trane Technologies by 90.4% in the fourth quarter. Gables Capital Management Inc. now owns 316 shares of the company’s stock valued at $117,000 after acquiring an additional 150 shares in the last quarter. Inspire Advisors LLC bought a new stake in Trane Technologies in the fourth quarter valued at $776,000. Citizens Financial Group Inc. RI boosted its holdings in Trane Technologies by 8.1% in the fourth quarter. Citizens Financial Group Inc. RI now owns 2,601 shares of the company’s stock valued at $961,000 after acquiring an additional 196 shares in the last quarter. Finally, Vista Investment Partners II LLC bought a new stake in Trane Technologies in the fourth quarter valued at $332,000. Institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling at Trane Technologies

In other news, CFO Christopher J. Kuehn sold 876 shares of the stock in a transaction on Tuesday, February 4th. The stock was 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. This represents a 1.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David S. Regnery sold 2,754 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $357.34, for a total value of $984,114.36. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold 7,234 shares of company stock valued at $2,588,102 in the last quarter. 0.38% of the stock is owned by insiders.

Trane Technologies Stock Down 1.1 %

Shares of TT opened at $334.57 on Wednesday. The business’s 50 day simple moving average is $366.61 and its 200-day simple moving average is $380.39. Trane Technologies plc has a 1 year low of $281.46 and a 1 year high of $422.00. The stock has a market capitalization of $75.04 billion, a price-to-earnings ratio of 29.74, a price-to-earnings-growth ratio of 2.50 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.21 and a quick ratio of 0.88.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.61 earnings per share for the quarter, beating the consensus estimate 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 fiscal year.

Trane Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Trane Technologies’s previous quarterly dividend of $0.84. Trane Technologies’s dividend payout ratio is 33.42%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TT shares. Melius Research reiterated a “hold” rating and issued a $398.00 price target on shares of Trane Technologies in a report on Tuesday, January 28th. Northcoast Research assumed coverage on Trane Technologies in a research report on Friday, November 22nd. They set a “buy” rating and a $500.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on Trane Technologies from $387.00 to $396.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. UBS Group lowered their price target on Trane Technologies from $500.00 to $470.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Citigroup lowered their price target on Trane Technologies from $478.00 to $476.00 and set a “buy” rating for the company in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $413.69.

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.