Silvant Capital Management LLC Sells 1,291 Shares of Trane Technologies plc (NYSE:TT)

Silvant Capital Management LLC reduced its position in shares of Trane Technologies plc (NYSE:TT) by 4.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,446 shares of the company’s stock after selling 1,291 shares during the period. Silvant Capital Management LLC’s holdings in Trane Technologies were worth $11,058,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TT. Norden Group LLC bought a new position in shares of Trane Technologies in the 1st quarter worth $646,000. J.W. Cole Advisors Inc. boosted its stake in Trane Technologies by 10.6% during the first quarter. J.W. Cole Advisors Inc. now owns 1,680 shares of the company’s stock worth $505,000 after acquiring an additional 161 shares in the last quarter. Private Advisor Group LLC raised its holdings in Trane Technologies by 4.2% in the first quarter. Private Advisor Group LLC now owns 8,341 shares of the company’s stock worth $2,504,000 after buying an additional 334 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of Trane Technologies during the 1st quarter valued at about $215,000. Finally, Mission Wealth Management LP increased its position in shares of Trane Technologies by 14.4% during the 1st quarter. Mission Wealth Management LP now owns 2,125 shares of the company’s stock valued at $638,000 after purchasing an additional 268 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. HSBC lowered shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 target price for the company. in a research report on Thursday. Stephens reaffirmed an “equal weight” rating and issued a $350.00 price target on shares of Trane Technologies in a research note on Monday, August 5th. The Goldman Sachs Group increased their price target on Trane Technologies from $364.00 to $407.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Robert W. Baird dropped their target price on Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Wells Fargo & Company boosted their target price on shares of Trane Technologies from $320.00 to $360.00 and gave the company an “underweight” rating in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Trane Technologies has an average rating of “Hold” and an average price target of $380.15.

Trane Technologies Trading Up 1.6 %

Shares of TT opened at $376.15 on Friday. The stock has a market cap of $84.89 billion, a PE ratio of 34.89, a price-to-earnings-growth ratio of 2.59 and a beta of 1.01. Trane Technologies plc has a 52-week low of $211.31 and a 52-week high of $406.96. The firm’s fifty day moving average is $377.83 and its two-hundred day moving average is $345.36. The company has a quick ratio of 0.84, a current ratio of 1.22 and a debt-to-equity ratio of 0.57.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.14. The firm had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.32 billion. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.79 earnings per share. Research analysts forecast that Trane Technologies plc will post 10.89 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 0.89%. The ex-dividend date is Friday, December 6th. Trane Technologies’s dividend payout ratio (DPR) is presently 31.17%.

Insider Buying and Selling

In related news, EVP Raymond D. Pittard sold 1,805 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 83,517 shares in the company, valued at approximately $27,447,862.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Trane Technologies news, EVP Raymond D. Pittard sold 1,805 shares of the business’s stock in a transaction on 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 owns 83,517 shares in the company, valued at $27,447,862.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David S. Regnery sold 29,450 shares of the stock in a transaction on 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 in the company, valued at approximately $42,708,902.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.

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.