1,519 Trane Technologies plc $TT Shares Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its stake in shares of Trane Technologies plc (NYSE:TT) by 5.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 27,280 shares of the company’s stock after buying an additional 1,519 shares during the quarter. Kestra Advisory Services LLC’s holdings in Trane Technologies were worth $12,330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wilkerson Advisory Group LLC lifted its stake in shares of Trane Technologies by 136.0% during the 1st quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock valued at $25,000 after buying an additional 34 shares in the last quarter. Elevation Wealth Partners LLC grew its position in shares of Trane Technologies by 153.8% during the second quarter. Elevation Wealth Partners LLC now owns 66 shares of the company’s stock worth $32,000 after purchasing an additional 40 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in Trane Technologies during the 1st quarter valued at approximately $33,000. James T. Borello RIA raised its stake in Trane Technologies by 41.7% during the 3rd quarter. James T. Borello RIA now owns 102 shares of the company’s stock valued at $46,000 after purchasing an additional 30 shares during the period. Finally, MADDEN SECURITIES Corp purchased a new position in Trane Technologies in the 3rd quarter worth approximately $46,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling

In other Trane Technologies news, CEO David Regnery sold 48,091 shares of the company’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $480.00, for a total transaction of $23,083,680.00. Following the transaction, the chief executive officer owned 96,951 shares in the company, valued at approximately $46,536,480. This represents a 33.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TT. Sanford C. Bernstein increased their price objective on shares of Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Weiss Ratings upgraded shares of Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 10th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Trane Technologies from $515.00 to $499.00 and set a “hold” rating for the company in a research note on Wednesday, September 30th. Wall Street Zen downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating in a report on Sunday. Finally, JPMorgan Chase & Co. assumed coverage on shares of Trane Technologies in a research note on Friday, October 9th. They issued an “overweight” rating and a $550.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $535.89.

Trane Technologies Stock Performance

Trane Technologies stock opened at $421.14 on Tuesday. The company’s 50-day moving average price is $445.14 and its 200-day moving average price is $454.59. The company has a quick ratio of 0.79, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. The company has a market cap of $92.19 billion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. Trane Technologies plc has a twelve month low of $348.06 and a twelve month high of $505.87.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Thursday, October 29th. The company reported $4.86 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.12. Trane Technologies had a net margin of 13.56% and a return on equity of 37.26%. The firm had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.50 billion. During the same quarter last year, the firm earned $3.88 EPS. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. On average, equities research analysts forecast that Trane Technologies plc will post 15.29 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Friday, December 4th will be issued a $1.05 dividend. The ex-dividend date is Friday, December 4th. This represents a $4.20 dividend on an annualized basis and a yield of 1.0%. Trane Technologies’s payout ratio is currently 29.66%.

Trane Technologies Profile

Trane Technologies plc is a global climate innovator that designs, manufactures, and services heating, ventilation, air conditioning, and refrigeration systems. Its products and services support commercial buildings, homes, and transportation applications, including temperature-controlled shipping.

The company’s portfolio includes the Trane brand of HVAC systems and building services, as well as Thermo King equipment for transport refrigeration and climate control. It also offers building controls, energy-efficiency solutions, system maintenance, and related services.

Trane Technologies was formed in 2020 when Ingersoll Rand completed the spin-off of its industrial businesses and adopted the Trane Technologies name.