One Way Holdings LLC Buys 2,567 Shares of Trane Technologies plc $TT

One Way Holdings LLC increased its stake in shares of Trane Technologies plc (NYSE:TT) by 4.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 64,734 shares of the company’s stock after purchasing an additional 2,567 shares during the period. Trane Technologies makes up approximately 1.3% of One Way Holdings LLC’s investment portfolio, making the stock its 22nd largest position. One Way Holdings LLC’s holdings in Trane Technologies were worth $29,259,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TT. SEB Asset Management AB acquired a new position in Trane Technologies during the 1st quarter worth about $47,195,000. Nicholson Wealth Management Group LLC acquired a new position in Trane Technologies in the 1st quarter valued at about $1,644,000. Kestra Advisory Services LLC grew its position in Trane Technologies by 14.2% in the 1st quarter. Kestra Advisory Services LLC now owns 26,934 shares of the company’s stock valued at $11,224,000 after acquiring an additional 3,348 shares in the last quarter. First Citizens Bank & Trust Co. increased its stake in Trane Technologies by 178.4% during the third quarter. First Citizens Bank & Trust Co. now owns 6,265 shares of the company’s stock worth $2,832,000 after purchasing an additional 4,015 shares during the period. Finally, Saudi Central Bank increased its stake in Trane Technologies by 89.3% during the second quarter. Saudi Central Bank now owns 15,493 shares of the company’s stock worth $7,610,000 after purchasing an additional 7,308 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Buying and Selling at Trane Technologies

In other news, CEO David Regnery sold 48,091 shares of Trane Technologies stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $480.00, for a total transaction of $23,083,680.00. Following the completion of the sale, the chief executive officer directly owned 96,951 shares of the company’s stock, valued at approximately $46,536,480. The trade was a 33.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Trane Technologies Stock Performance

Shares of Trane Technologies stock opened at $410.30 on Monday. Trane Technologies plc has a one year low of $348.06 and a one year high of $505.87. The company has a market cap of $89.81 billion, a PE ratio of 28.98, a P/E/G ratio of 1.92 and a beta of 1.19. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 1.12. The business has a 50-day simple moving average of $450.58 and a 200-day simple moving average of $453.99.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, October 29th. The company reported $4.86 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.12. The firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.50 billion. Trane Technologies had a net margin of 13.56% and a return on equity of 37.26%. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.88 earnings per share. On average, equities research analysts forecast that Trane Technologies plc will post 15.28 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 4th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, December 4th. Trane Technologies’s dividend payout ratio (DPR) is presently 29.66%.

Wall Street Analyst Weigh In

Several research firms have recently commented on TT. JPMorgan Chase & Co. assumed coverage on shares of Trane Technologies in a research note on Friday, October 9th. They issued an “overweight” rating and a $550.00 price objective for the company. Argus set a $500.00 target price on shares of Trane Technologies in a research note on Friday. Wall Street Zen upgraded shares of Trane Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Sanford C. Bernstein increased their target price on shares of Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Finally, Weiss Ratings raised shares of Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Trane Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $536.79.

Trane Technologies Profile

Trane Technologies plc is a global climate technology company that develops solutions for heating, ventilation, air conditioning, refrigeration and building management. Its products and services are designed to improve indoor comfort, energy efficiency and the sustainability of commercial, industrial, residential and institutional buildings.

The company operates through well-known brands including Trane, Thermo King and Frigoblock. Trane provides HVAC equipment, building controls, digital solutions, maintenance and energy services, while Thermo King and Frigoblock offer temperature-control systems for refrigerated transportation.