Trane Technologies plc (NYSE:TT) Shares Acquired by First Citizens Financial Corp

First Citizens Financial Corp lifted its position in shares of Trane Technologies plc (NYSE:TT) by 4.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 656 shares of the company’s stock after buying an additional 29 shares during the period. First Citizens Financial Corp’s holdings in Trane Technologies were worth $242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global Wealth Strategies & Associates purchased a new position in shares of Trane Technologies in the 4th quarter valued at $26,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Trane Technologies in the third quarter valued at approximately $27,000. DT Investment Partners LLC acquired a new position in Trane Technologies in the 3rd quarter valued at $36,000. Quarry LP purchased a new stake in shares of Trane Technologies in the second quarter valued at about $39,000. Finally, Pittenger & Anderson Inc. purchased a new position in Trane Technologies during the third quarter worth about $39,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Up 1.8 %

Shares of NYSE TT traded up $6.70 during trading hours on Friday, hitting $380.54. The stock had a trading volume of 348,083 shares, compared to its average volume of 1,076,318. The firm’s 50-day moving average price is $396.71 and its two-hundred day moving average price is $369.46. Trane Technologies plc has a 52 week low of $236.33 and a 52 week high of $422.00. The company has a market capitalization of $85.63 billion, a P/E ratio of 35.30, a P/E/G ratio of 2.38 and a beta of 1.03. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 1.22.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.14. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The company had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the prior year, the company posted $2.79 EPS. The firm’s revenue was up 10.0% on a year-over-year basis. Analysts anticipate that Trane Technologies plc will post 11.13 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were paid a $0.84 dividend. The ex-dividend date was Friday, December 6th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 0.88%. Trane Technologies’s dividend payout ratio (DPR) is presently 31.17%.

Insider Buying and Selling

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total value of $1,800,864.00. Following the transaction, the senior vice president now owns 12,893 shares of the company’s stock, valued at approximately $5,363,488. This represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.38% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Northcoast Research started coverage on shares of Trane Technologies in a research report on Friday, November 22nd. They set a “buy” rating and a $500.00 target price on the stock. Barclays raised their price target on Trane Technologies from $440.00 to $500.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Wells Fargo & Company upped their target price on Trane Technologies from $320.00 to $360.00 and gave the company an “underweight” rating in a research note on Monday, October 7th. UBS Group assumed coverage on shares of Trane Technologies in a research note on Wednesday, November 13th. They set a “buy” rating and a $500.00 price target on the stock. Finally, Morgan Stanley initiated coverage on Trane Technologies in a research note on Friday, September 6th. They set an “overweight” rating and a $425.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Trane Technologies presently has an average rating of “Hold” and an average price target of $413.14.

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.