Trane Technologies plc (NYSE:TT) SVP Sells $1,800,864.00 in Stock

Trane Technologies plc (NYSE:TT) SVP Mairead Magner sold 4,329 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total transaction of $1,800,864.00. Following the transaction, the senior vice president now owns 12,893 shares of the company’s stock, valued at approximately $5,363,488. The trade was a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Trane Technologies Trading Down 0.6 %

Shares of NYSE:TT traded down $2.42 during trading on Thursday, hitting $415.06. 1,066,073 shares of the company’s stock were exchanged, compared to its average volume of 1,115,401. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57. The firm has a market cap of $93.40 billion, a P/E ratio of 38.27, a PEG ratio of 2.50 and a beta of 1.03. The firm has a 50-day moving average price of $399.72 and a two-hundred day moving average price of $361.12. Trane Technologies plc has a 1-year low of $229.07 and a 1-year high of $422.00.

Trane Technologies (NYSE:TT) last issued its earnings results on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, beating the consensus estimate of $3.23 by $0.14. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The company had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter in the previous year, the company posted $2.79 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities analysts predict that Trane Technologies plc will post 11.14 earnings per share for the current year.

Trane Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be paid a $0.84 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 0.81%. Trane Technologies’s dividend payout ratio (DPR) is presently 31.17%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. MidAtlantic Capital Management Inc. acquired a new position in shares of Trane Technologies in the 3rd quarter valued at $27,000. DT Investment Partners LLC bought a new position in Trane Technologies during the third quarter worth about $36,000. Triad Wealth Partners LLC acquired a new position in Trane Technologies in the second quarter valued at about $39,000. Quarry LP bought a new stake in shares of Trane Technologies in the second quarter worth about $39,000. Finally, Pittenger & Anderson Inc. bought a new position in shares of Trane Technologies during the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TT. Morgan Stanley initiated coverage on shares of Trane Technologies in a research report on Friday, September 6th. They set an “overweight” rating and a $425.00 price objective for the company. Barclays lifted their price objective on Trane Technologies from $440.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday. HSBC lowered Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 target price for the company. in a research note on Thursday, October 31st. Wells Fargo & Company boosted their price target on shares of Trane Technologies from $320.00 to $360.00 and gave the company an “underweight” rating in a report on Monday, October 7th. Finally, The Goldman Sachs Group upped their target price on shares of Trane Technologies from $364.00 to $407.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $401.93.

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.