TriaGen Wealth Management LLC bought a new stake in shares of Trane Technologies plc (NYSE:TT – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 607 shares of the company’s stock, valued at approximately $236,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV increased its holdings in shares of Trane Technologies by 7.9% in the first quarter. Massmutual Trust Co. FSB ADV now owns 602 shares of the company’s stock worth $181,000 after purchasing an additional 44 shares during the period. Perpetual Ltd bought a new position in shares of Trane Technologies in the first quarter worth $223,000. Wedmont Private Capital increased its holdings in shares of Trane Technologies by 3.2% in the first quarter. Wedmont Private Capital now owns 2,468 shares of the company’s stock worth $743,000 after purchasing an additional 77 shares during the period. Park Avenue Securities LLC increased its holdings in shares of Trane Technologies by 3.1% in the first quarter. Park Avenue Securities LLC now owns 16,610 shares of the company’s stock worth $4,986,000 after purchasing an additional 500 shares during the period. Finally, RFG Advisory LLC bought a new position in shares of Trane Technologies in the first quarter worth $326,000. Institutional investors own 82.97% of the company’s stock.
Insider Buying and Selling
In related news, EVP Raymond D. Pittard sold 1,805 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $328.65, for a total value of $593,213.25. Following the completion of the transaction, the executive vice president now directly owns 83,517 shares of the company’s stock, valued at $27,447,862.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Raymond D. Pittard sold 1,805 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $328.65, for a total value of $593,213.25. Following the completion of the transaction, the executive vice president now directly owns 83,517 shares of the company’s stock, valued at $27,447,862.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David S. Regnery sold 29,450 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $321.25, for a total transaction of $9,460,812.50. Following the completion of the transaction, the chief executive officer now directly owns 132,946 shares of the company’s stock, valued at approximately $42,708,902.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on TT
Trane Technologies Trading Up 0.6 %
Shares of NYSE:TT traded up $2.40 during midday trading on Friday, hitting $402.54. 879,840 shares of the stock traded hands, compared to its average volume of 1,097,868. The stock has a market capitalization of $91.12 billion, a PE ratio of 43.01, a P/E/G ratio of 2.75 and a beta of 1.01. The business’s 50 day moving average is $369.37 and its two-hundred day moving average is $339.21. The company has a quick ratio of 0.84, a current ratio of 1.17 and a debt-to-equity ratio of 0.62. Trane Technologies plc has a one year low of $184.02 and a one year high of $406.96.
Trane Technologies (NYSE:TT – Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $3.30 EPS for the quarter, beating the consensus estimate of $3.08 by $0.22. The firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.13 billion. Trane Technologies had a net margin of 12.33% and a return on equity of 33.97%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.68 earnings per share. As a group, research analysts forecast that Trane Technologies plc will post 10.88 earnings per share for the current year.
Trane Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Friday, December 6th. Trane Technologies’s dividend payout ratio (DPR) is 35.90%.
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.
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