Lockerman Financial Group Inc. Acquires New Stake in Trane Technologies plc (NYSE:TT)

Lockerman Financial Group Inc. bought a new position in shares of Trane Technologies plc (NYSE:TT) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 982 shares of the company’s stock, valued at approximately $240,000.

Other large investors have also modified their holdings of the company. BKM Wealth Management LLC purchased a new position in Trane Technologies during the fourth quarter worth approximately $25,000. Live Oak Investment Partners purchased a new position in shares of Trane Technologies during the 4th quarter worth $30,000. Venturi Wealth Management LLC boosted its position in shares of Trane Technologies by 139.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 151 shares of the company’s stock valued at $31,000 after acquiring an additional 88 shares during the last quarter. 1832 Asset Management L.P. purchased a new stake in shares of Trane Technologies in the first quarter valued at about $34,000. Finally, Avior Wealth Management LLC increased its position in Trane Technologies by 58.0% during the third quarter. Avior Wealth Management LLC now owns 177 shares of the company’s stock worth $36,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analysts Set New Price Targets

TT has been the subject of several analyst reports. The Goldman Sachs Group increased their price target on shares of Trane Technologies from $253.00 to $287.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. Citigroup lifted their target price on Trane Technologies from $246.00 to $269.00 and gave the company a “buy” rating in a research report on Monday, December 11th. Wells Fargo & Company increased their price target on Trane Technologies from $200.00 to $246.00 and gave the stock an “underweight” rating in a report on Tuesday, December 19th. Stephens boosted their price objective on shares of Trane Technologies from $235.00 to $280.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Finally, Royal Bank of Canada increased their target price on shares of Trane Technologies from $231.00 to $246.00 and gave the stock a “sector perform” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $232.31.

Insiders Place Their Bets

In related news, CFO Christopher J. Kuehn sold 2,767 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $268.31, for a total value of $742,413.77. Following the sale, the chief financial officer now owns 54,788 shares of the company’s stock, valued at $14,700,168.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO David S. Regnery sold 6,990 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $286.19, for a total transaction of $2,000,468.10. Following the completion of the transaction, the chief executive officer now directly owns 113,874 shares of the company’s stock, valued at approximately $32,589,600.06. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Christopher J. Kuehn sold 2,767 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $268.31, for a total value of $742,413.77. Following the sale, the chief financial officer now directly owns 54,788 shares in the company, valued at approximately $14,700,168.28. The disclosure for this sale can be found here. Insiders have sold a total of 29,874 shares of company stock worth $8,462,825 in the last quarter. 0.39% of the stock is owned by company insiders.

Trane Technologies Stock Up 0.2 %

Shares of TT opened at $300.20 on Friday. The company’s 50-day simple moving average is $278.19 and its 200-day simple moving average is $240.39. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 1.13. Trane Technologies plc has a 1 year low of $162.04 and a 1 year high of $305.00. The stock has a market capitalization of $68.17 billion, a PE ratio of 34.15, a P/E/G ratio of 2.34 and a beta of 1.05.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, February 1st. The company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.04. The company had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.43 billion. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.82 EPS. Analysts forecast that Trane Technologies plc will post 10.18 earnings per share for the current fiscal year.

Trane Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 1.12%. This is a boost from Trane Technologies’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, February 29th. Trane Technologies’s payout ratio is presently 38.23%.

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.