EP Wealth Advisors LLC Purchases 258 Shares of Trane Technologies plc (NYSE:TT)

EP Wealth Advisors LLC boosted its stake in Trane Technologies plc (NYSE:TT) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,312 shares of the company’s stock after acquiring an additional 258 shares during the period. EP Wealth Advisors LLC’s holdings in Trane Technologies were worth $854,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its position in shares of Trane Technologies by 1.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 59,837 shares of the company’s stock valued at $23,260,000 after purchasing an additional 745 shares in the last quarter. ST Germain D J Co. Inc. lifted its position in Trane Technologies by 9.1% in the fourth quarter. ST Germain D J Co. Inc. now owns 4,053 shares of the company’s stock valued at $1,497,000 after purchasing an additional 337 shares during the last quarter. Czech National Bank boosted its position in Trane Technologies by 6.1% during the 4th quarter. Czech National Bank now owns 48,790 shares of the company’s stock valued at $18,021,000 after buying an additional 2,819 shares during the period. Fiduciary Alliance LLC purchased a new position in Trane Technologies during the 4th quarter valued at about $838,000. Finally, Wedmont Private Capital increased its position in Trane Technologies by 4.8% during the 4th quarter. Wedmont Private Capital now owns 2,983 shares of the company’s stock valued at $1,125,000 after purchasing an additional 136 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Transactions at Trane Technologies

In other news, insider Donald E. Simmons sold 3,571 shares of the stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $380.00, for a total transaction of $1,356,980.00. Following the sale, the insider now directly owns 3,593 shares of the company’s stock, valued at $1,365,340. This represents a 49.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Christopher J. Kuehn sold 770 shares of Trane Technologies stock in a transaction 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 sale, the chief financial officer now directly owns 62,221 shares in the company, valued at $22,299,384.19. This represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,977 shares of company stock worth $2,577,061. Insiders own 0.38% of the company’s stock.

Trane Technologies Trading Down 0.3 %

NYSE TT opened at $404.32 on Friday. The stock has a market cap of $90.17 billion, a PE ratio of 35.94, a PEG ratio of 2.50 and a beta of 1.14. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $422.00. The company’s 50-day moving average price is $350.05 and its 200-day moving average price is $372.29.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.25. The company had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.46 billion. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.94 earnings per share. Equities research analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Dividend Announcement

The company also recently announced 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 is Friday, June 6th. This represents a $3.76 annualized dividend and a yield of 0.93%. Trane Technologies’s dividend payout ratio (DPR) is 31.28%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Barclays lowered their price objective on Trane Technologies from $500.00 to $475.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Citigroup lifted their target price on shares of Trane Technologies from $415.00 to $445.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Hsbc Global Res raised shares of Trane Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, April 25th. Melius Research reissued a “hold” rating and issued a $398.00 price target on shares of Trane Technologies in a report on Tuesday, January 28th. Finally, Stephens raised Trane Technologies from an “equal weight” rating to an “overweight” rating and set a $475.00 price objective on the stock in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Trane Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $421.07.

About Trane Technologies

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.