Sachetta LLC Makes New $27,000 Investment in Trane Technologies plc (NYSE:TT)

Sachetta LLC acquired a new position in Trane Technologies plc (NYSE:TT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 109 shares of the company’s stock, valued at approximately $27,000.

Other hedge funds have also bought and sold shares of the company. Balentine LLC raised its stake in shares of Trane Technologies by 16.4% during the 4th quarter. Balentine LLC now owns 2,366 shares of the company’s stock worth $577,000 after buying an additional 333 shares during the period. Motco acquired a new position in Trane Technologies in the 4th quarter valued at $27,000. UBS Group AG raised its stake in Trane Technologies by 30.3% in the 4th quarter. UBS Group AG now owns 1,211,379 shares of the company’s stock valued at $295,455,000 after purchasing an additional 281,530 shares during the last quarter. Norges Bank acquired a new position in Trane Technologies in the 4th quarter valued at $655,804,000. Finally, Main Street Financial Solutions LLC acquired a new position in Trane Technologies in the 4th quarter valued at $235,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Performance

Shares of Trane Technologies stock opened at $333.53 on Thursday. The business has a 50-day moving average of $307.42 and a 200 day moving average of $270.56. Trane Technologies plc has a 12 month low of $162.04 and a 12 month high of $336.37. The stock has a market capitalization of $75.49 billion, a price-to-earnings ratio of 35.63, a price-to-earnings-growth ratio of 2.67 and a beta of 1.01. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.13 and a quick ratio of 0.74.

Trane Technologies (NYSE:TT) last announced its earnings results on Tuesday, April 30th. The company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. The company had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Trane Technologies had a return on equity of 32.78% and a net margin of 11.81%. Trane Technologies’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the business posted $1.41 EPS. As a group, sell-side analysts forecast that Trane Technologies plc will post 10.48 earnings per share for the current year.

Trane Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, June 7th. Trane Technologies’s dividend payout ratio (DPR) is 35.90%.

Insiders Place Their Bets

In other Trane Technologies news, CFO Christopher J. Kuehn sold 3,762 shares of Trane Technologies stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $286.48, for a total transaction of $1,077,737.76. Following the transaction, the chief financial officer now owns 61,691 shares of the company’s stock, valued at $17,673,237.68. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Trane Technologies news, CEO David S. Regnery sold 6,990 shares of Trane Technologies 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 directly owns 113,874 shares in the company, valued at approximately $32,589,600.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Christopher J. Kuehn sold 3,762 shares of Trane Technologies stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $286.48, for a total value of $1,077,737.76. Following the completion of the transaction, the chief financial officer now owns 61,691 shares in the company, valued at $17,673,237.68. The disclosure for this sale can be found here. Insiders have sold a total of 22,979 shares of company stock valued at $6,603,372 over the last quarter. Company insiders own 0.39% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on TT shares. Wells Fargo & Company increased their price objective on Trane Technologies from $281.00 to $295.00 and gave the company an “underweight” rating in a research note on Thursday, May 2nd. Barclays increased their price objective on Trane Technologies from $286.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. The Goldman Sachs Group raised their target price on Trane Technologies from $287.00 to $326.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Citigroup raised their target price on Trane Technologies from $355.00 to $366.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Mizuho raised their target price on Trane Technologies from $280.00 to $325.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus 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.