Trane Technologies plc (NYSE:TT) Shares Sold by FRG Family Wealth Advisors LLC

FRG Family Wealth Advisors LLC reduced its stake in shares of Trane Technologies plc (NYSE:TT) by 10.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,654 shares of the company’s stock after selling 1,079 shares during the period. FRG Family Wealth Advisors LLC’s holdings in Trane Technologies were worth $3,566,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Kovitz Investment Group Partners LLC acquired a new stake in Trane Technologies in the 3rd quarter valued at about $1,438,000. EP Wealth Advisors LLC increased its position in Trane Technologies by 37.6% during the third quarter. EP Wealth Advisors LLC now owns 2,054 shares of the company’s stock worth $799,000 after acquiring an additional 561 shares during the period. MML Investors Services LLC increased its holdings in Trane Technologies by 12.2% in the 3rd quarter. MML Investors Services LLC now owns 20,767 shares of the company’s stock valued at $8,073,000 after buying an additional 2,257 shares during the period. Geode Capital Management LLC lifted its position in Trane Technologies by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 4,638,914 shares of the company’s stock valued at $1,797,700,000 after purchasing an additional 65,991 shares during the period. Finally, Coldstream Capital Management Inc. increased its stake in shares of Trane Technologies by 10.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 5,146 shares of the company’s stock valued at $2,012,000 after acquiring an additional 466 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on TT. Melius Research reiterated a “hold” rating and set a $398.00 price objective on shares of Trane Technologies in a research report on Tuesday, January 28th. JPMorgan Chase & Co. dropped their price target on Trane Technologies from $396.00 to $323.00 and set a “neutral” rating on the stock in a research note on Tuesday. Melius downgraded Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 price target for the company. in a report on Tuesday, January 28th. Barclays cut their price objective on Trane Technologies from $500.00 to $475.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Finally, UBS Group dropped their price target on Trane Technologies from $500.00 to $470.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $409.13.

Trane Technologies Trading Down 0.7 %

NYSE TT opened at $340.37 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58. The stock’s 50 day moving average is $347.74 and its 200 day moving average is $377.06. Trane Technologies plc has a twelve month low of $286.32 and a twelve month high of $422.00. The firm has a market capitalization of $76.34 billion, a PE ratio of 30.26, a P/E/G ratio of 2.50 and a beta of 1.08.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.09. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. Research analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.76 annualized dividend and a yield of 1.10%. Trane Technologies’s payout ratio is currently 33.42%.

Insiders Place Their Bets

In other Trane Technologies news, CEO David S. Regnery sold 2,754 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $357.34, for a total transaction of $984,114.36. Following the sale, the chief executive officer now owns 132,969 shares of the company’s stock, valued at approximately $47,515,142.46. This trade represents a 2.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mairead Magner sold 198 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $357.61, for a total transaction of $70,806.78. Following the transaction, the senior vice president now owns 13,401 shares in the company, valued at approximately $4,792,331.61. This trade represents a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,234 shares of company stock worth $2,588,102 in the last ninety days. 0.38% of the stock is owned by company insiders.

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.