Trane Technologies plc (NYSE:TT) Shares Sold by Ballew Advisors Inc

Ballew Advisors Inc reduced its holdings in Trane Technologies plc (NYSE:TT) by 8.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,307 shares of the company’s stock after selling 120 shares during the quarter. Ballew Advisors Inc’s holdings in Trane Technologies were worth $321,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BKM Wealth Management LLC acquired a new position in Trane Technologies in the fourth quarter worth approximately $25,000. Live Oak Investment Partners acquired a new position in shares of Trane Technologies in the 4th quarter worth $30,000. Venturi Wealth Management LLC raised its position in shares of Trane Technologies by 139.7% during the third quarter. Venturi Wealth Management LLC now owns 151 shares of the company’s stock worth $31,000 after purchasing an additional 88 shares during the period. 1832 Asset Management L.P. purchased a new stake in shares of Trane Technologies during the first quarter valued at $34,000. Finally, Avior Wealth Management LLC boosted its position in shares of Trane Technologies by 58.0% in the 3rd quarter. Avior Wealth Management LLC now owns 177 shares of the company’s stock valued at $36,000 after purchasing an additional 65 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insider Transactions at Trane Technologies

In other Trane Technologies news, EVP Paul A. Camuti sold 508 shares of Trane Technologies stock in a transaction on Friday, February 9th. The shares were sold at an average price of $273.34, for a total transaction of $138,856.72. Following the sale, the executive vice president now owns 89,447 shares in the company, valued at $24,449,442.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Keith A. Sultana sold 1,637 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $267.74, for a total value of $438,290.38. Following the completion of the transaction, the senior vice president now directly owns 42,374 shares of the company’s stock, valued at approximately $11,345,214.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Paul A. Camuti sold 508 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $273.34, for a total value of $138,856.72. Following the completion of the sale, the executive vice president now owns 89,447 shares in the company, valued at $24,449,442.98. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,874 shares of company stock valued at $8,462,825. 0.39% of the stock is owned by corporate insiders.

Trane Technologies Stock Performance

Shares of TT traded up $0.49 during mid-day trading on Thursday, hitting $300.20. The company’s stock had a trading volume of 743,106 shares, compared to its average volume of 1,037,323. Trane Technologies plc has a one year low of $162.04 and a one year high of $305.00. The stock’s 50-day moving average is $277.13 and its two-hundred day moving average is $239.97. The firm has a market capitalization of $68.17 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 2.34 and a beta of 1.05. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 1.13.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Thursday, February 1st. The company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.04. The company had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.43 billion. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $1.82 EPS. As a group, sell-side analysts anticipate that Trane Technologies plc will post 10.18 EPS for the current year.

Trane Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be given a $0.84 dividend. The ex-dividend date is Thursday, February 29th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.12%. This is an increase from Trane Technologies’s previous quarterly dividend of $0.75. Trane Technologies’s dividend payout ratio (DPR) is currently 38.23%.

Analysts Set New Price Targets

A number of equities analysts recently commented on TT shares. Wells Fargo & Company increased their price objective on Trane Technologies from $200.00 to $246.00 and gave the stock an “underweight” rating in a report on Tuesday, December 19th. Stephens lifted their price objective on shares of Trane Technologies from $235.00 to $280.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Royal Bank of Canada increased their target price on shares of Trane Technologies from $231.00 to $246.00 and gave the stock a “sector perform” rating in a research report on Friday, February 2nd. The Goldman Sachs Group upped their price target on Trane Technologies from $253.00 to $287.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Finally, Citigroup raised their price objective on Trane Technologies from $246.00 to $269.00 and gave the company a “buy” rating in a research note on Monday, December 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Trane Technologies presently has a consensus rating of “Hold” and an average price target of $232.31.

Trane Technologies 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.