Bank of New Hampshire Has $2.11 Million Holdings in Trane Technologies plc (NYSE:TT)

Bank of New Hampshire raised its position in Trane Technologies plc (NYSE:TT) by 27.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,709 shares of the company’s stock after buying an additional 1,226 shares during the period. Bank of New Hampshire’s holdings in Trane Technologies were worth $2,109,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TT. Global Wealth Strategies & Associates acquired a new position in shares of Trane Technologies in the fourth quarter valued at approximately $26,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Trane Technologies during the 3rd quarter worth about $27,000. DT Investment Partners LLC bought a new stake in shares of Trane Technologies during the 3rd quarter worth about $36,000. Quarry LP bought a new stake in shares of Trane Technologies during the 2nd quarter worth about $39,000. Finally, Pittenger & Anderson Inc. bought a new stake in Trane Technologies in the 3rd quarter valued at about $39,000. 82.97% of the stock is owned by institutional investors.

Trane Technologies Trading Up 0.2 %

NYSE TT traded up $0.58 on Tuesday, hitting $384.10. The company’s stock had a trading volume of 80,428 shares, compared to its average volume of 1,099,054. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 0.57. Trane Technologies plc has a 1-year low of $239.03 and a 1-year high of $422.00. The company’s 50-day moving average is $396.29 and its 200 day moving average is $370.46. The firm has a market cap of $86.43 billion, a PE ratio of 35.63, a PEG ratio of 2.38 and a beta of 1.06.

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

Trane Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were given a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Friday, December 6th. Trane Technologies’s dividend payout ratio (DPR) is currently 31.17%.

Insider Activity

In other news, SVP Mairead Magner sold 4,329 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total value of $1,800,864.00. Following the sale, the senior vice president now directly owns 12,893 shares of the company’s stock, valued at approximately $5,363,488. This represents a 25.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TT. Wells Fargo & Company boosted their price objective on shares of Trane Technologies from $320.00 to $360.00 and gave the company an “underweight” rating in a report on Monday, October 7th. Hsbc Global Res downgraded shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Royal Bank of Canada upped their price target on shares of Trane Technologies from $390.00 to $395.00 and gave the stock a “sector perform” rating in a report on Friday. Citigroup upped their price target on shares of Trane Technologies from $457.00 to $478.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Barclays upped their price target on shares of Trane Technologies from $440.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.