Clarius Group LLC Sells 93 Shares of Trane Technologies plc (NYSE:TT)

Clarius Group LLC lessened its stake in Trane Technologies plc (NYSE:TT) by 7.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,201 shares of the company’s stock after selling 93 shares during the quarter. Clarius Group LLC’s holdings in Trane Technologies were worth $395,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TT. Center for Financial Planning Inc. lifted its holdings in shares of Trane Technologies by 1.7% during the 1st quarter. Center for Financial Planning Inc. now owns 2,080 shares of the company’s stock valued at $624,000 after purchasing an additional 34 shares in the last quarter. Keel Point LLC increased its position in Trane Technologies by 3.0% during the fourth quarter. Keel Point LLC now owns 1,326 shares of the company’s stock worth $323,000 after buying an additional 39 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in Trane Technologies by 2.3% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 1,760 shares of the company’s stock valued at $528,000 after buying an additional 39 shares during the period. Level Four Advisory Services LLC boosted its position in Trane Technologies by 1.5% during the fourth quarter. Level Four Advisory Services LLC now owns 2,757 shares of the company’s stock worth $672,000 after purchasing an additional 42 shares during the period. Finally, Cedrus LLC boosted its holdings in shares of Trane Technologies by 2.6% during the 4th quarter. Cedrus LLC now owns 1,669 shares of the company’s stock worth $407,000 after buying an additional 43 shares during the period. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Trading Down 0.0 %

Shares of NYSE TT traded down $0.10 during midday trading on Friday, reaching $327.53. The stock had a trading volume of 324,601 shares, compared to its average volume of 1,133,282. Trane Technologies plc has a twelve month low of $184.02 and a twelve month high of $351.41. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.74 and a current ratio of 1.17. The company’s 50 day moving average price is $331.16 and its 200 day moving average price is $307.65. The firm has a market cap of $74.14 billion, a price-to-earnings ratio of 35.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.01.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.22. Trane Technologies had a net margin of 12.33% and a return on equity of 33.97%. The business had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.13 billion. During the same quarter in the prior year, the firm posted $2.68 earnings per share. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, sell-side analysts expect that Trane Technologies plc will post 10.83 EPS for the current year.

Trane Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a $0.84 dividend. The ex-dividend date is Friday, September 6th. This represents a $3.36 dividend on an annualized basis and a yield of 1.03%. Trane Technologies’s payout ratio is currently 35.90%.

Wall Street Analyst Weigh In

TT has been the subject of a number of analyst reports. Mizuho lifted their price target on shares of Trane Technologies from $280.00 to $325.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Citigroup raised their target price on shares of Trane Technologies from $355.00 to $366.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. upped their price target on shares of Trane Technologies from $247.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. TD Cowen lifted their price objective on shares of Trane Technologies from $325.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Robert W. Baird lifted their price target on Trane Technologies from $360.00 to $365.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Trane Technologies presently has a consensus rating of “Hold” and a consensus price target of $323.29.

Insiders Place Their Bets

In other news, EVP Raymond D. Pittard sold 1,805 shares of Trane Technologies stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $328.65, for a total value of $593,213.25. Following the completion of the sale, the executive vice president now owns 83,517 shares in the company, valued at approximately $27,447,862.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Evan M. Turtz sold 8,988 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $321.30, for a total transaction of $2,887,844.40. Following the completion of the sale, the senior vice president now directly owns 20,758 shares of the company’s stock, valued at $6,669,545.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Raymond D. Pittard sold 1,805 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $328.65, for a total value of $593,213.25. Following the completion of the transaction, the executive vice president now owns 83,517 shares in the company, valued at approximately $27,447,862.05. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,243 shares of company stock worth $14,216,550. Corporate insiders own 0.38% of the company’s stock.

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.