Bokf Na Lowers Stake in Trane Technologies plc (NYSE:TT)

Bokf Na lowered its position in shares of Trane Technologies plc (NYSE:TT) by 1.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,837 shares of the company’s stock after selling 49 shares during the quarter. Bokf Na’s holdings in Trane Technologies were worth $1,139,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TT. Center for Financial Planning Inc. increased its position in Trane Technologies by 1.7% in the first quarter. Center for Financial Planning Inc. now owns 2,080 shares of the company’s stock worth $624,000 after purchasing an additional 34 shares during the last quarter. Keel Point LLC increased its position in Trane Technologies by 3.0% in the fourth quarter. Keel Point LLC now owns 1,326 shares of the company’s stock worth $323,000 after purchasing an additional 39 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its position in Trane Technologies by 2.3% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 1,760 shares of the company’s stock valued at $528,000 after acquiring an additional 39 shares during the last quarter. Level Four Advisory Services LLC increased its position in Trane Technologies by 1.5% during the fourth quarter. Level Four Advisory Services LLC now owns 2,757 shares of the company’s stock valued at $672,000 after acquiring an additional 42 shares during the last quarter. Finally, Cedrus LLC increased its position in Trane Technologies by 2.6% during the fourth quarter. Cedrus LLC now owns 1,669 shares of the company’s stock valued at $407,000 after acquiring an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TT shares. Robert W. Baird boosted their price objective on shares of Trane Technologies from $344.00 to $360.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Barclays upped their price objective on shares of Trane Technologies from $380.00 to $385.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. The Goldman Sachs Group upped their price objective on shares of Trane Technologies from $287.00 to $326.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. upped their price objective on shares of Trane Technologies from $247.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Finally, UBS Group raised their price target on shares of Trane Technologies from $330.00 to $375.00 and gave the company a “buy” rating in a report on Monday, June 3rd. One research 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, the stock has an average rating of “Hold” and an average price target of $312.36.

Insider Activity at Trane Technologies

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

Trane Technologies Stock Performance

Shares of NYSE:TT traded up $2.18 during trading on Monday, hitting $331.89. 128,198 shares of the stock traded hands, compared to its average volume of 1,106,100. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 0.58. The company has a market cap of $75.12 billion, a price-to-earnings ratio of 35.23, a P/E/G ratio of 2.55 and a beta of 1.01. The company has a fifty day moving average price of $332.14 and a two-hundred day moving average price of $303.46. Trane Technologies plc has a 52-week low of $184.02 and a 52-week high of $347.33.

Trane Technologies (NYSE:TT) last posted its earnings results on Tuesday, April 30th. The company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.30. The firm had revenue of $4.22 billion during the quarter, compared to analyst estimates of $3.99 billion. Trane Technologies had a net margin of 11.81% and a return on equity of 32.78%. The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.41 EPS. As a group, equities analysts predict that Trane Technologies plc will post 10.49 EPS for the current year.

Trane Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid 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 1.01%. Trane Technologies’s dividend payout ratio is currently 35.90%.

Trane Technologies Company 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.