Stratos Wealth Partners LTD. Has $2.05 Million Holdings in Trane Technologies plc (NYSE:TT)

Stratos Wealth Partners LTD. raised its position in Trane Technologies plc (NYSE:TT) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,538 shares of the company’s stock after purchasing an additional 29 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Trane Technologies were worth $2,046,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Yousif Capital Management LLC raised its position in Trane Technologies by 1.3% in the 4th quarter. Yousif Capital Management LLC now owns 29,496 shares of the company’s stock valued at $10,894,000 after buying an additional 381 shares during the last quarter. Old North State Wealth Management LLC grew its stake in shares of Trane Technologies by 12.1% during the 4th quarter. Old North State Wealth Management LLC now owns 1,245 shares of the company’s stock worth $461,000 after acquiring an additional 134 shares in the last quarter. Mather Group LLC. raised its holdings in shares of Trane Technologies by 5.4% in the fourth quarter. Mather Group LLC. now owns 932 shares of the company’s stock valued at $344,000 after purchasing an additional 48 shares during the last quarter. Longboard Asset Management LP bought a new stake in shares of Trane Technologies in the fourth quarter worth $257,000. Finally, Patron Partners LLC boosted its holdings in Trane Technologies by 7.6% during the fourth quarter. Patron Partners LLC now owns 1,602 shares of the company’s stock worth $592,000 after purchasing an additional 113 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO David S. Regnery sold 2,754 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $357.34, for a total value of $984,114.36. Following the completion of the transaction, the chief executive officer now owns 132,969 shares of the company’s stock, valued at $47,515,142.46. The trade was a 2.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Mairead Magner sold 198 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $357.61, for a total transaction of $70,806.78. Following the sale, the senior vice president now owns 13,401 shares in the company, valued at $4,792,331.61. The trade was a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,157 shares of company stock worth $3,168,885 in the last quarter. 0.38% of the stock is currently owned by corporate insiders.

Trane Technologies Trading Down 0.5 %

Shares of TT stock opened at $356.07 on Friday. Trane Technologies plc has a 12-month low of $265.37 and a 12-month high of $422.00. The firm has a 50 day moving average price of $384.85 and a two-hundred day moving average price of $376.96. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $80.12 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.61 earnings per share (EPS) 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, analysts predict that Trane Technologies plc will post 12.79 earnings per share for the current year.

Trane Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 1.06%. This is a positive change from Trane Technologies’s previous quarterly dividend of $0.84. The ex-dividend date is Friday, March 7th. Trane Technologies’s dividend payout ratio (DPR) is currently 29.87%.

Analysts Set New Price Targets

TT has been the topic of several analyst reports. Royal Bank of Canada boosted their price target on shares of Trane Technologies from $390.00 to $395.00 and gave the stock a “sector perform” rating in a research report on Friday, January 3rd. Wells Fargo & Company dropped their target price on Trane Technologies from $380.00 to $360.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Citigroup decreased their price target on Trane Technologies from $478.00 to $476.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Melius Research reiterated a “hold” rating and set a $398.00 price objective on shares of Trane Technologies in a research note on Tuesday, January 28th. Finally, Northcoast Research initiated coverage on shares of Trane Technologies in a research note on Friday, November 22nd. They issued a “buy” rating and a $500.00 target price for the company. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, Trane Technologies presently has an average rating of “Hold” and an average target price of $415.25.

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.