Trane Technologies plc (NYSE:TT) CEO David S. Regnery Sells 2,318 Shares

Trane Technologies plc (NYSE:TT) CEO David S. Regnery sold 2,318 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $358.17, for a total value of $830,238.06. Following the completion of the transaction, the chief executive officer now owns 126,831 shares of the company’s stock, valued at $45,427,059.27. The trade was a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Trane Technologies Stock Performance

NYSE:TT opened at $361.80 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 firm’s fifty day simple moving average is $381.60 and its 200 day simple moving average is $378.14. The stock has a market cap of $81.41 billion, a P/E ratio of 32.16, a price-to-earnings-growth ratio of 2.44 and a beta of 1.05. Trane Technologies plc has a twelve month low of $265.37 and a twelve month high of $422.00.

Trane Technologies (NYSE:TT) last announced 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 net margin of 12.94% and a return on equity of 35.37%. As a group, research analysts predict that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Friday, March 7th. This is a boost from Trane Technologies’s previous quarterly dividend of $0.84. Trane Technologies’s dividend payout ratio (DPR) is presently 29.87%.

Institutional Investors Weigh In On Trane Technologies

Several hedge funds have recently made changes to their positions in TT. Global Wealth Strategies & Associates purchased a new position in Trane Technologies during the fourth quarter valued at $26,000. MidAtlantic Capital Management Inc. bought a new position in shares of Trane Technologies in the 3rd quarter worth about $27,000. DT Investment Partners LLC purchased a new position in Trane Technologies during the 3rd quarter valued at about $36,000. Sound Income Strategies LLC boosted its stake in Trane Technologies by 1,314.3% during the fourth quarter. Sound Income Strategies LLC now owns 99 shares of the company’s stock worth $37,000 after acquiring an additional 92 shares in the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new stake in Trane Technologies in the fourth quarter worth about $37,000. 82.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TT has been the subject of several research reports. UBS Group cut their target price on Trane Technologies from $500.00 to $470.00 and set a “buy” rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their target price on shares of Trane Technologies from $387.00 to $396.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Hsbc Global Res downgraded shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Royal Bank of Canada raised their price objective on Trane Technologies from $390.00 to $395.00 and gave the company a “sector perform” rating in a research note on Friday, January 3rd. Finally, Melius lowered Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 target price for the company. in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $415.25.

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.