Human Investing LLC Takes $265,000 Position in Trane Technologies plc (NYSE:TT)

Human Investing LLC bought a new position in Trane Technologies plc (NYSE:TT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 682 shares of the company’s stock, valued at approximately $265,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lebenthal Global Advisors LLC boosted its stake in shares of Trane Technologies by 9.4% during the 3rd quarter. Lebenthal Global Advisors LLC now owns 3,168 shares of the company’s stock worth $1,231,000 after acquiring an additional 273 shares in the last quarter. AustralianSuper Pty Ltd lifted its holdings in shares of Trane Technologies by 25.0% during the third quarter. AustralianSuper Pty Ltd now owns 31,492 shares of the company’s stock valued at $12,242,000 after purchasing an additional 6,291 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of Trane Technologies by 27.2% during the third quarter. Rosenberg Matthew Hamilton now owns 192 shares of the company’s stock valued at $75,000 after purchasing an additional 41 shares during the last quarter. US Bancorp DE increased its stake in Trane Technologies by 4.8% in the 3rd quarter. US Bancorp DE now owns 73,943 shares of the company’s stock worth $28,744,000 after purchasing an additional 3,392 shares in the last quarter. Finally, Goldstone Financial Group LLC acquired a new stake in Trane Technologies during the 3rd quarter worth about $228,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO David S. Regnery sold 29,450 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $321.25, for a total transaction of $9,460,812.50. Following the completion of the transaction, the chief executive officer now owns 132,946 shares of the company’s stock, valued at approximately $42,708,902.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO David S. Regnery sold 29,450 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $321.25, for a total value of $9,460,812.50. Following the sale, the chief executive officer now owns 132,946 shares in the company, valued at approximately $42,708,902.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Raymond D. Pittard sold 1,805 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $328.65, for a total transaction of $593,213.25. Following the transaction, the executive vice president now owns 83,517 shares of the company’s stock, valued at approximately $27,447,862.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Trane Technologies Stock Up 1.1 %

Shares of TT traded up $4.23 during mid-day trading on Friday, hitting $374.39. 286,484 shares of the company’s stock were exchanged, compared to its average volume of 1,100,625. Trane Technologies plc has a twelve month low of $211.31 and a twelve month high of $406.96. The firm has a fifty day moving average of $377.36 and a two-hundred day moving average of $344.79. The company has a quick ratio of 0.84, a current ratio of 1.22 and a debt-to-equity ratio of 0.57. The stock has a market cap of $84.49 billion, a price-to-earnings ratio of 34.36, a P/E/G ratio of 2.59 and a beta of 1.01.

Trane Technologies (NYSE:TT) last announced its earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.14. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The firm had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter in the prior year, the business earned $2.79 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. On average, sell-side analysts forecast that Trane Technologies plc will post 10.89 earnings per share for the current year.

Trane Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be issued a $0.84 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.36 annualized dividend and a yield of 0.90%. Trane Technologies’s dividend payout ratio (DPR) is presently 31.17%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TT. Morgan Stanley started coverage on shares of Trane Technologies in a research report on Friday, September 6th. They issued an “overweight” rating and a $425.00 price target for the company. Royal Bank of Canada raised their target price on Trane Technologies from $334.00 to $350.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. Stephens reissued an “equal weight” rating and set a $350.00 price target on shares of Trane Technologies in a research report on Monday, August 5th. HSBC lowered Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price objective for the company. in a research report on Thursday. Finally, The Goldman Sachs Group increased their price target on shares of Trane Technologies from $364.00 to $407.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $380.15.

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.