Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,856 Shares of Trane Technologies plc $TT

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its stake in Trane Technologies plc (NYSE:TT) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,578 shares of the company’s stock after selling 1,856 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Trane Technologies were worth $20,074,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the business. Aptus Capital Advisors LLC lifted its holdings in Trane Technologies by 169.8% during the 3rd quarter. Aptus Capital Advisors LLC now owns 14,738 shares of the company’s stock valued at $6,219,000 after purchasing an additional 9,276 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Trane Technologies by 64.0% in the fourth quarter. Farther Finance Advisors LLC now owns 7,478 shares of the company’s stock worth $2,911,000 after acquiring an additional 2,917 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Trane Technologies by 2.9% in the fourth quarter. Nordea Investment Management AB now owns 2,586,506 shares of the company’s stock worth $1,010,419,000 after acquiring an additional 72,998 shares during the last quarter. Varma Mutual Pension Insurance Co raised its stake in shares of Trane Technologies by 9.0% during the third quarter. Varma Mutual Pension Insurance Co now owns 43,811 shares of the company’s stock worth $18,486,000 after buying an additional 3,600 shares during the last quarter. Finally, Dara Capital US Inc. bought a new stake in shares of Trane Technologies during the fourth quarter worth approximately $966,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Stock Up 0.1%

Trane Technologies stock opened at $451.68 on Monday. The stock has a market capitalization of $99.84 billion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 2.08 and a beta of 1.20. Trane Technologies plc has a twelve month low of $348.06 and a twelve month high of $503.47. The company has a quick ratio of 0.77, a current ratio of 1.10 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average of $455.43 and a 200-day moving average of $430.02.

Trane Technologies (NYSE:TT) last announced its earnings results on Friday, May 1st. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.53 by $0.10. Trane Technologies had a net margin of 13.41% and a return on equity of 35.55%. The business had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same quarter in the prior year, the company posted $2.45 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. On average, equities research analysts anticipate that Trane Technologies plc will post 14.88 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be issued a dividend of $1.05 per share. The ex-dividend date is Friday, June 5th. This represents a $4.20 annualized dividend and a yield of 0.9%. Trane Technologies’s dividend payout ratio is presently 32.48%.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, CAO Elizabeth A. Elwell sold 635 shares of the company’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 $268,414.50. Following the sale, the chief accounting officer directly owned 7,100 shares of the company’s stock, valued at approximately $3,001,170. This represents a 8.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David S. Regnery sold 36,045 shares of the company’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $422.69, for a total transaction of $15,235,861.05. Following the sale, the chief executive officer directly owned 96,948 shares in the company, valued at $40,978,950.12. This trade represents a 27.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 53,654 shares of company stock worth $23,269,523. Company insiders own 0.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TT. Royal Bank Of Canada boosted their price objective on shares of Trane Technologies from $440.00 to $501.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Evercore began coverage on shares of Trane Technologies in a report on Monday, April 13th. They set an “outperform” rating and a $535.00 price objective for the company. Barclays boosted their price objective on shares of Trane Technologies from $507.00 to $585.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Weiss Ratings restated a “buy (b)” rating on shares of Trane Technologies in a report on Monday, April 20th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Trane Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $506.56.

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.