Machina Capital S.A.S. Invests $829,000 in Trane Technologies plc (NYSE:TT)

Machina Capital S.A.S. bought a new position in Trane Technologies plc (NYSE:TT) during the 4th quarter, Holdings Channel reports. The firm bought 3,400 shares of the company’s stock, valued at approximately $829,000.

A number of other large investors have also bought and sold shares of the business. Keel Point LLC increased its holdings in shares of Trane Technologies by 3.0% in the fourth quarter. Keel Point LLC now owns 1,326 shares of the company’s stock valued at $323,000 after purchasing an additional 39 shares in the last quarter. Rosenberg Matthew Hamilton grew its holdings in shares of Trane Technologies by 27.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 192 shares of the company’s stock valued at $47,000 after buying an additional 41 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in Trane Technologies by 2.3% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,847 shares of the company’s stock worth $450,000 after purchasing an additional 42 shares in the last quarter. Cedrus LLC boosted its stake in Trane Technologies by 2.6% in the 4th quarter. Cedrus LLC now owns 1,669 shares of the company’s stock worth $407,000 after purchasing an additional 43 shares during the period. Finally, Certuity LLC raised its holdings in shares of Trane Technologies by 3.1% in the third quarter. Certuity LLC now owns 1,549 shares of the company’s stock valued at $314,000 after purchasing an additional 46 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Stock Performance

NYSE TT traded up $0.15 on Tuesday, reaching $325.89. The stock had a trading volume of 796,081 shares, compared to its average volume of 1,026,789. Trane Technologies plc has a 1-year low of $162.04 and a 1-year high of $327.47. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.13 and a quick ratio of 0.74. The company has a market cap of $73.77 billion, a P/E ratio of 34.74, a price-to-earnings-growth ratio of 2.54 and a beta of 1.01. The firm has a fifty day moving average of $296.65 and a two-hundred day moving average of $259.66.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Tuesday, April 30th. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.64 by $0.30. Trane Technologies had a net margin of 11.81% and a return on equity of 32.78%. The business had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same period in the prior year, the company posted $1.41 earnings per share. Trane Technologies’s revenue was up 15.0% compared to the same quarter last year. On average, equities research analysts anticipate that Trane Technologies plc will post 10.48 EPS for the current year.

Trane Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given 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 1.03%. Trane Technologies’s payout ratio is 35.90%.

Insider Activity at Trane Technologies

In other news, CFO Christopher J. Kuehn sold 2,767 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $268.31, for a total transaction of $742,413.77. Following the sale, the chief financial officer now directly owns 54,788 shares of the company’s stock, valued at approximately $14,700,168.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Trane Technologies news, CFO Christopher J. Kuehn sold 3,762 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $286.48, for a total transaction of $1,077,737.76. Following the completion of the transaction, the chief financial officer now directly owns 61,691 shares in the company, valued at $17,673,237.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Christopher J. Kuehn sold 2,767 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $268.31, for a total value of $742,413.77. Following the completion of the sale, the chief financial officer now directly owns 54,788 shares in the company, valued at approximately $14,700,168.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,237 shares of company stock worth $8,024,534. Company insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on TT. The Goldman Sachs Group increased their target price on shares of Trane Technologies from $287.00 to $326.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. raised their price target on Trane Technologies from $247.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Citigroup upped their price target on shares of Trane Technologies from $355.00 to $366.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Wells Fargo & Company upped their target price on shares of Trane Technologies from $281.00 to $295.00 and gave the company an “underweight” rating in a report on Thursday, May 2nd. Finally, Barclays boosted their price target on Trane Technologies from $286.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Trane Technologies has an average rating of “Hold” and an average price target of $300.54.

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.