Dynamic Advisor Solutions LLC Sells 3,169 Shares of Trane Technologies plc $TT

Dynamic Advisor Solutions LLC reduced its position in shares of Trane Technologies plc (NYSE:TT) by 75.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,037 shares of the company’s stock after selling 3,169 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Trane Technologies were worth $404,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TT. Aptus Capital Advisors LLC boosted its holdings in shares of Trane Technologies by 169.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 14,738 shares of the company’s stock valued at $6,219,000 after buying an additional 9,276 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Trane Technologies during the third quarter worth $6,571,000. Nordea Investment Management AB raised its position in Trane Technologies by 2.4% during the third quarter. Nordea Investment Management AB now owns 2,513,508 shares of the company’s stock worth $1,051,049,000 after acquiring an additional 57,774 shares in the last quarter. Boston Common Asset Management LLC acquired a new stake in Trane Technologies in the third quarter valued at $9,546,000. Finally, Compass Wealth Management LLC lifted its stake in Trane Technologies by 3,785.4% in the third quarter. Compass Wealth Management LLC now owns 27,198 shares of the company’s stock valued at $11,476,000 after acquiring an additional 26,498 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Price Performance

Trane Technologies stock opened at $410.32 on Friday. The company has a market capitalization of $90.82 billion, a price-to-earnings ratio of 31.61, a PEG ratio of 2.14 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. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $479.37. The stock’s 50 day moving average is $433.62 and its 200-day moving average is $417.57.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Thursday, January 29th. The company reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.05. The business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.09 billion. Trane Technologies had a return on equity of 36.34% and a net margin of 13.69%.The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $2.61 EPS. Equities research analysts expect that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TT. Royal Bank Of Canada boosted their price objective on shares of Trane Technologies from $469.00 to $470.00 and gave the stock a “sector perform” rating in a research note on Friday, January 30th. Barclays boosted their price target on Trane Technologies from $505.00 to $507.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Weiss Ratings restated a “buy (b)” rating on shares of Trane Technologies in a research note on Wednesday, January 21st. UBS Group reduced their target price on Trane Technologies from $544.00 to $520.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Finally, Melius Research raised Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 target price on the stock in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Trane Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $484.67.

Insider Buying and Selling at Trane Technologies

In other news, CEO David S. Regnery sold 36,045 shares of Trane Technologies stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $422.69, for a total value of $15,235,861.05. Following the completion of the sale, the chief executive officer directly owned 96,948 shares in the company, valued at approximately $40,978,950.12. The trade was a 27.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Christopher J. Kuehn sold 2,389 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $462.70, for a total value of $1,105,390.30. Following the sale, the chief financial officer directly owned 60,486 shares in the company, valued at $27,986,872.20. This represents a 3.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 49,378 shares of company stock valued at $21,228,464 over the last ninety days. Company insiders own 0.14% of the company’s stock.

Trane Technologies Company 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.