GHP Investment Advisors Inc. Sells 139 Shares of Trane Technologies plc (NYSE:TT)

GHP Investment Advisors Inc. cut its stake in shares of Trane Technologies plc (NYSE:TT) by 31.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 305 shares of the company’s stock after selling 139 shares during the period. GHP Investment Advisors Inc.’s holdings in Trane Technologies were worth $103,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. CWA Asset Management Group LLC lifted its stake in Trane Technologies by 19.2% during the 1st quarter. CWA Asset Management Group LLC now owns 1,135 shares of the company’s stock valued at $382,000 after acquiring an additional 183 shares in the last quarter. Ethic Inc. increased its position in shares of Trane Technologies by 150.1% during the 4th quarter. Ethic Inc. now owns 24,883 shares of the company’s stock valued at $9,190,000 after purchasing an additional 14,932 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of Trane Technologies by 28.3% during the 4th quarter. Proficio Capital Partners LLC now owns 685 shares of the company’s stock valued at $253,000 after purchasing an additional 151 shares during the last quarter. Brighton Jones LLC increased its position in shares of Trane Technologies by 60.0% during the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock valued at $2,288,000 after purchasing an additional 2,323 shares during the last quarter. Finally, Beacon Pointe Advisors LLC increased its position in shares of Trane Technologies by 1.3% during the 4th quarter. Beacon Pointe Advisors LLC now owns 8,137 shares of the company’s stock valued at $3,005,000 after purchasing an additional 101 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Donald E. Simmons sold 3,571 shares of the business’s stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $380.00, for a total transaction of $1,356,980.00. Following the completion of the transaction, the insider now owns 3,593 shares of the company’s stock, valued at approximately $1,365,340. The trade was a 49.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is owned by corporate insiders.

Trane Technologies Stock Down 0.2%

Shares of NYSE TT opened at $427.99 on Thursday. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $436.61. The business has a 50-day simple moving average of $406.39 and a two-hundred day simple moving average of $377.50. The company has a quick ratio of 0.74, a current ratio of 1.09 and a debt-to-equity ratio of 0.52. The company has a market cap of $95.45 billion, a P/E ratio of 35.61, a P/E/G ratio of 2.82 and a beta of 1.16.

Trane Technologies (NYSE:TT) last issued its earnings results on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.20 by $0.25. Trane Technologies had a return on equity of 36.10% and a net margin of 13.47%. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter last year, the company earned $1.94 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. Research analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $0.94 dividend. The ex-dividend date is Friday, September 5th. This represents a $3.76 annualized dividend and a yield of 0.88%. Trane Technologies’s dividend payout ratio is currently 31.28%.

Analyst Ratings Changes

TT has been the subject of several research analyst reports. UBS Group raised their target price on Trane Technologies from $470.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, May 22nd. Hsbc Global Res raised Trane Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. Robert W. Baird raised their target price on Trane Technologies from $360.00 to $396.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. Citigroup raised their target price on Trane Technologies from $415.00 to $445.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. raised their target price on Trane Technologies from $334.00 to $400.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $427.47.

Trane Technologies Company 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.