Lockerman Financial Group Inc. Sells 37 Shares of Trane Technologies plc (NYSE:TT)

Lockerman Financial Group Inc. cut its position in shares of Trane Technologies plc (NYSE:TT) by 3.8% during the first quarter, HoldingsChannel.com reports. The firm owned 945 shares of the company’s stock after selling 37 shares during the period. Lockerman Financial Group Inc.’s holdings in Trane Technologies were worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TT. LPL Financial LLC boosted its stake in Trane Technologies by 10.1% in the 3rd quarter. LPL Financial LLC now owns 116,810 shares of the company’s stock valued at $23,702,000 after buying an additional 10,686 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Trane Technologies by 4.8% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,618 shares of the company’s stock valued at $531,000 after buying an additional 120 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Trane Technologies by 20.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 651 shares of the company’s stock valued at $132,000 after buying an additional 110 shares in the last quarter. Operose Advisors LLC acquired a new stake in Trane Technologies in the 3rd quarter valued at $53,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in Trane Technologies by 29.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 12,066 shares of the company’s stock valued at $2,448,000 after buying an additional 2,770 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Trading Up 0.2 %

NYSE TT traded up $0.71 on Friday, reaching $334.36. The company had a trading volume of 118,393 shares, compared to its average volume of 1,042,793. The stock’s 50 day moving average is $323.56 and its 200-day moving average is $288.77. The stock has a market cap of $75.68 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 2.62 and a beta of 1.01. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 0.58. Trane Technologies plc has a 52 week low of $184.02 and a 52 week high of $345.46.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. The business had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $3.99 billion. Trane Technologies had a return on equity of 32.78% and a net margin of 11.81%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.41 earnings per share. Equities analysts predict that Trane Technologies plc will post 10.46 earnings per share for the current year.

Trane Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a $0.84 dividend. The ex-dividend date is Friday, September 6th. This represents a $3.36 dividend on an annualized basis and a yield of 1.00%. Trane Technologies’s dividend payout ratio is presently 35.90%.

Analysts Set New Price Targets

Several analysts recently commented on TT shares. Barclays boosted their price target on Trane Technologies from $354.00 to $380.00 and gave the company an “overweight” rating in a research note on Tuesday, June 4th. The Goldman Sachs Group boosted their price target on Trane Technologies from $287.00 to $326.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. boosted their price objective on Trane Technologies from $247.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Wells Fargo & Company boosted their price objective on Trane Technologies from $281.00 to $295.00 and gave the stock an “underweight” rating in a research note on Thursday, May 2nd. Finally, Robert W. Baird boosted their price objective on Trane Technologies from $315.00 to $344.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Trane Technologies presently has an average rating of “Hold” and a consensus target price of $309.79.

Insider Activity at Trane Technologies

In other Trane Technologies news, SVP Evan M. Turtz sold 8,988 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $321.30, for a total value of $2,887,844.40. Following the completion of the sale, the senior vice president now directly owns 20,758 shares in the company, valued at $6,669,545.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Trane Technologies news, SVP Evan M. Turtz sold 8,988 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $321.30, for a total value of $2,887,844.40. Following the completion of the sale, the senior vice president now directly owns 20,758 shares in the company, valued at $6,669,545.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Christopher J. Kuehn sold 4,000 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $318.67, for a total value of $1,274,680.00. Following the completion of the sale, the chief financial officer now owns 61,293 shares of the company’s stock, valued at $19,532,240.31. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.

Trane Technologies 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.