Wetzel Investment Advisors Inc. Takes $399,000 Position in Trane Technologies plc (NYSE:TT)

Wetzel Investment Advisors Inc. bought a new stake in Trane Technologies plc (NYSE:TT) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 1,635 shares of the company’s stock, valued at approximately $399,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Greenleaf Trust boosted its stake in shares of Trane Technologies by 1.6% in the 4th quarter. Greenleaf Trust now owns 5,577 shares of the company’s stock valued at $1,360,000 after purchasing an additional 89 shares in the last quarter. Institute for Wealth Management LLC. bought a new position in shares of Trane Technologies in the fourth quarter valued at about $234,000. Fidelis Capital Partners LLC bought a new position in shares of Trane Technologies in the fourth quarter valued at about $205,000. Xponance Inc. raised its holdings in shares of Trane Technologies by 18.6% in the fourth quarter. Xponance Inc. now owns 43,825 shares of the company’s stock valued at $10,689,000 after buying an additional 6,869 shares during the last quarter. Finally, Ninety One SA PTY Ltd raised its holdings in shares of Trane Technologies by 1.7% in the fourth quarter. Ninety One SA PTY Ltd now owns 43,121 shares of the company’s stock valued at $10,517,000 after buying an additional 723 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insiders Place Their Bets

In other Trane Technologies news, CFO Christopher J. Kuehn sold 3,762 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $286.48, for a total transaction of $1,077,737.76. Following the completion of the transaction, the chief financial officer now owns 61,691 shares of the company’s stock, valued at approximately $17,673,237.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, SVP Keith A. Sultana sold 1,983 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $272.26, for a total transaction of $539,891.58. Following the sale, the senior vice president now owns 42,575 shares in the company, valued at approximately $11,591,469.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Christopher J. Kuehn sold 3,762 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $286.48, for a total value of $1,077,737.76. Following the sale, the chief financial officer now owns 61,691 shares in the company, valued at approximately $17,673,237.68. The disclosure for this sale can be found here. Insiders sold a total of 29,874 shares of company stock valued at $8,462,825 in the last quarter. 0.39% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on TT shares. The Goldman Sachs Group lifted their price target on Trane Technologies from $253.00 to $287.00 and gave the company a “neutral” rating in a report on Monday, February 5th. Stephens lifted their price target on Trane Technologies from $235.00 to $280.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Citigroup lifted their price target on Trane Technologies from $309.00 to $355.00 and gave the company a “buy” rating in a report on Monday, April 8th. Royal Bank of Canada lifted their price target on Trane Technologies from $231.00 to $246.00 and gave the company a “sector perform” rating in a report on Friday, February 2nd. Finally, Barclays boosted their price objective on Trane Technologies from $286.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $251.83.

Trane Technologies Trading Down 0.4 %

Shares of Trane Technologies stock traded down $1.29 during trading on Friday, hitting $288.27. 790,678 shares of the company were exchanged, compared to its average volume of 994,617. The firm has a market capitalization of $65.46 billion, a P/E ratio of 32.80, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05. Trane Technologies plc has a 1-year low of $162.04 and a 1-year high of $306.98. The firm’s fifty day moving average price is $289.67 and its 200 day moving average price is $250.91. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.13 and a quick ratio of 0.78.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Thursday, February 1st. The company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.04. Trane Technologies had a return on equity of 32.01% and a net margin of 11.45%. The business had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.43 billion. During the same period in the previous year, the firm earned $1.82 EPS. Trane Technologies’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts expect that Trane Technologies plc will post 10.2 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Thursday, June 6th. Trane Technologies’s dividend payout ratio (DPR) is currently 38.23%.

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.