Nemes Rush Group LLC Purchases 1,004 Shares of Trane Technologies plc (NYSE:TT)

Nemes Rush Group LLC boosted its holdings in shares of Trane Technologies plc (NYSE:TT) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,524 shares of the company’s stock after acquiring an additional 1,004 shares during the period. Trane Technologies makes up approximately 1.6% of Nemes Rush Group LLC’s investment portfolio, making the stock its 17th largest holding. Nemes Rush Group LLC’s holdings in Trane Technologies were worth $12,751,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Wealth Strategies & Associates bought a new position in shares of Trane Technologies during the 4th quarter valued at about $26,000. Sound Income Strategies LLC lifted its stake in Trane Technologies by 1,314.3% in the fourth quarter. Sound Income Strategies LLC now owns 99 shares of the company’s stock valued at $37,000 after buying an additional 92 shares in the last quarter. Flagship Wealth Advisors LLC bought a new position in Trane Technologies in the fourth quarter valued at approximately $37,000. Golden State Wealth Management LLC acquired a new position in shares of Trane Technologies in the fourth quarter valued at approximately $39,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Trane Technologies during the third quarter worth $44,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Stock Up 1.6 %

TT opened at $337.21 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58. The stock’s fifty day simple moving average is $356.79 and its 200 day simple moving average is $379.99. Trane Technologies plc has a 1-year low of $286.32 and a 1-year high of $422.00. The stock has a market cap of $75.63 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 2.50 and a beta of 1.08.

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

Trane Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a $0.94 dividend. This is a boost from Trane Technologies’s previous quarterly dividend of $0.84. The ex-dividend date was Friday, March 7th. This represents a $3.76 annualized dividend and a yield of 1.12%. Trane Technologies’s payout ratio is 33.42%.

Insider Activity at Trane Technologies

In related news, CFO Christopher J. Kuehn sold 876 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $357.42, for a total transaction of $313,099.92. Following the completion of the sale, the chief financial officer now directly owns 63,841 shares in the company, valued at $22,818,050.22. This represents a 1.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David S. Regnery sold 2,754 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $357.34, for a total value of $984,114.36. Following the transaction, the chief executive officer now directly owns 132,969 shares of the company’s stock, valued at approximately $47,515,142.46. The trade was a 2.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,234 shares of company stock worth $2,588,102. Company insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TT shares. Royal Bank of Canada upped their target price on shares of Trane Technologies from $390.00 to $395.00 and gave the stock a “sector perform” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. lifted their target price on Trane Technologies from $387.00 to $396.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Citigroup cut their target price on Trane Technologies from $478.00 to $476.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Melius Research reaffirmed a “hold” rating and set a $398.00 price target on shares of Trane Technologies in a research note on Tuesday, January 28th. Finally, Melius cut shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 target price for the company. in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Trane Technologies has an average rating of “Hold” and a consensus target price of $413.69.

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.