Clear Trail Advisors LLC Invests $1.25 Million in Trane Technologies plc $TT

Clear Trail Advisors LLC acquired a new position in shares of Trane Technologies plc (NYSE:TT) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 3,200 shares of the company’s stock, valued at approximately $1,245,000.

Other large investors have also bought and sold shares of the company. Financial Consulate Inc. acquired a new position in Trane Technologies during the third quarter worth about $25,000. Icon Advisers Inc. Co. acquired a new stake in shares of Trane Technologies in the 2nd quarter valued at approximately $26,000. United Community Bank grew its holdings in shares of Trane Technologies by 134.4% during the 3rd quarter. United Community Bank now owns 75 shares of the company’s stock valued at $32,000 after purchasing an additional 43 shares during the last quarter. JPL Wealth Management LLC bought a new stake in shares of Trane Technologies during the 3rd quarter valued at approximately $32,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in Trane Technologies during the 3rd quarter worth approximately $42,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Morgan Stanley cut their target price on shares of Trane Technologies from $550.00 to $535.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. Melius Research upgraded shares of Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 price target for the company in a report on Wednesday, January 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday, January 21st. Wells Fargo & Company boosted their price objective on Trane Technologies from $375.00 to $400.00 and gave the stock an “underweight” rating in a research report on Friday, January 30th. Finally, Citigroup upped their target price on Trane Technologies from $513.00 to $525.00 and gave the stock a “buy” rating in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $484.67.

Trane Technologies Stock Performance

TT stock opened at $425.49 on Tuesday. The firm has a market cap of $94.18 billion, a PE ratio of 32.78, a price-to-earnings-growth ratio of 2.16 and a beta of 1.19. The company has a current ratio of 1.25, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average price of $431.05 and a 200-day moving average price of $417.45. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $479.37.

Trane Technologies (NYSE:TT) last announced its earnings results on Thursday, January 29th. The company reported $2.86 EPS for the quarter, beating the consensus estimate of $2.81 by $0.05. Trane Technologies had a return on equity of 36.34% and a net margin of 13.69%.The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.09 billion. During the same quarter in the prior year, the company earned $2.61 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, March 6th. This is a positive change from Trane Technologies’s previous quarterly dividend of $0.94. Trane Technologies’s dividend payout ratio (DPR) is currently 32.36%.

Insider Activity at Trane Technologies

In other news, CFO Christopher J. Kuehn sold 2,389 shares of Trane Technologies stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $462.70, for a total value of $1,105,390.30. Following the completion of the sale, the chief financial officer owned 60,486 shares in the company, valued at $27,986,872.20. The trade was a 3.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Donald E. Simmons sold 3,762 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $422.70, for a total transaction of $1,590,197.40. Following the transaction, the insider owned 3,819 shares in the company, valued at $1,614,291.30. The trade was a 49.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 49,378 shares of company stock worth $21,228,464. Corporate insiders own 0.14% of the company’s stock.

Trane Technologies Profile

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.