Hancock Whitney Corp Has $331,000 Position in Trane Technologies plc (NYSE:TT)

Hancock Whitney Corp cut its position in shares of Trane Technologies plc (NYSE:TT) by 12.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 897 shares of the company’s stock after selling 131 shares during the quarter. Hancock Whitney Corp’s holdings in Trane Technologies were worth $331,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. World Investment Advisors LLC lifted its holdings in shares of Trane Technologies by 5,253.1% during the 3rd quarter. World Investment Advisors LLC now owns 34,581 shares of the company’s stock worth $13,443,000 after acquiring an additional 33,935 shares during the period. Sfmg LLC raised its position in Trane Technologies by 1.5% in the third quarter. Sfmg LLC now owns 2,441 shares of the company’s stock worth $949,000 after purchasing an additional 36 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Trane Technologies during the third quarter worth about $3,916,000. Tidal Investments LLC boosted its holdings in Trane Technologies by 22.2% during the third quarter. Tidal Investments LLC now owns 15,827 shares of the company’s stock valued at $6,152,000 after purchasing an additional 2,874 shares in the last quarter. Finally, Synovus Financial Corp grew its stake in shares of Trane Technologies by 16.8% in the 3rd quarter. Synovus Financial Corp now owns 8,828 shares of the company’s stock valued at $3,431,000 after purchasing an additional 1,271 shares during the period. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Trading Up 1.5 %

TT stock opened at $348.23 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $422.00. The company has a market cap of $78.10 billion, a P/E ratio of 30.95, a PEG ratio of 2.50 and a beta of 1.08. The business has a fifty day moving average of $342.38 and a 200-day moving average of $372.81.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.61 earnings per share for the quarter, topping 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 research analysts expect that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a $0.94 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.76 dividend on an annualized basis and a yield of 1.08%. Trane Technologies’s payout ratio is presently 33.42%.

Insiders Place Their Bets

In related news, CFO Christopher J. Kuehn sold 770 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $358.39, for a total transaction of $275,960.30. Following the completion of the transaction, the chief financial officer now owns 62,221 shares in the company, valued at approximately $22,299,384.19. The trade was a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Evan M. Turtz sold 318 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $358.12, for a total transaction of $113,882.16. Following the completion of the sale, the senior vice president now owns 20,513 shares in the company, valued at approximately $7,346,115.56. This trade represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,234 shares of company stock valued at $2,588,102. Company insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TT shares. Citigroup cut their target price on Trane Technologies from $476.00 to $415.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Hsbc Global Res raised Trane Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday. UBS Group lowered their target price on shares of Trane Technologies from $500.00 to $470.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Melius downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 price target for the company. in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Trane Technologies from $396.00 to $323.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Trane Technologies has an average rating of “Hold” and an average target price of $405.94.

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.