Trane Technologies plc (NYSE:TT) Stock Holdings Boosted by Consolidated Planning Corp

Consolidated Planning Corp lifted its position in shares of Trane Technologies plc (NYSE:TT) by 5.4% in the 4th quarter, Holdings Channel reports. The fund owned 9,831 shares of the company’s stock after buying an additional 506 shares during the period. Consolidated Planning Corp’s holdings in Trane Technologies were worth $2,398,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. BKM Wealth Management LLC acquired a new stake in Trane Technologies in the fourth quarter worth about $25,000. Venturi Wealth Management LLC lifted its holdings in Trane Technologies by 139.7% in the third quarter. Venturi Wealth Management LLC now owns 151 shares of the company’s stock worth $31,000 after purchasing an additional 88 shares during the period. Avior Wealth Management LLC lifted its holdings in Trane Technologies by 58.0% in 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 period. Rosenberg Matthew Hamilton lifted its holdings in Trane Technologies by 27.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 192 shares of the company’s stock worth $47,000 after purchasing an additional 41 shares during the period. Finally, Ancora Advisors LLC acquired a new stake in Trane Technologies in the 3rd quarter valued at about $40,000. Institutional investors own 82.97% of the company’s stock.

Insider Activity

In other news, SVP Keith A. Sultana sold 1,637 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $267.74, for a total value of $438,290.38. Following the transaction, the senior vice president now owns 42,374 shares in the company, valued at approximately $11,345,214.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO David S. Regnery sold 6,990 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $286.19, for a total value of $2,000,468.10. Following the transaction, the chief executive officer now owns 113,874 shares in the company, valued at $32,589,600.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Keith A. Sultana sold 1,637 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $267.74, for a total value of $438,290.38. Following the completion of the transaction, the senior vice president now owns 42,374 shares in the company, valued at approximately $11,345,214.76. The disclosure for this sale can be found here. Insiders have sold 29,874 shares of company stock worth $8,462,825 in the last 90 days. Company insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TT shares. Stephens upped their price target 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. Barclays upped their price target on shares of Trane Technologies from $286.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. The Goldman Sachs Group upped their price target on shares of Trane Technologies from $253.00 to $287.00 and gave the company a “neutral” rating in a report on Monday, February 5th. Royal Bank of Canada upped their price target on shares of Trane Technologies from $231.00 to $246.00 and gave the company a “sector perform” rating in a report on Friday, February 2nd. Finally, Citigroup upped their price target on shares of Trane Technologies from $309.00 to $355.00 and gave the company a “buy” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Trane Technologies presently has an average rating of “Hold” and an average price target of $251.83.

Trane Technologies Trading Up 1.7 %

TT stock traded up $5.16 during mid-day trading on Friday, reaching $304.53. 961,790 shares of the stock traded hands, compared to its average volume of 833,800. The company has a current ratio of 1.13, a quick ratio of 0.78 and a debt-to-equity ratio of 0.57. Trane Technologies plc has a 52-week low of $162.04 and a 52-week high of $306.98. The company has a market cap of $69.15 billion, a P/E ratio of 34.65, a P/E/G ratio of 2.53 and a beta of 1.05. The stock’s fifty day moving average is $292.22 and its 200-day moving average is $254.25.

Trane Technologies (NYSE:TT) last issued its earnings results on Thursday, February 1st. The company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.04. The company had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.43 billion. Trane Technologies had a return on equity of 32.01% and a net margin of 11.45%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 EPS. As a group, sell-side analysts expect that Trane Technologies plc will post 10.2 earnings per share for the current year.

Trane Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $0.84 dividend. The ex-dividend date is Thursday, June 6th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.10%. Trane Technologies’s dividend payout ratio is 38.23%.

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.