Trane Technologies plc (NYSE:TT) CEO David S. Regnery Sells 2,318 Shares

Trane Technologies plc (NYSE:TT) CEO David S. Regnery sold 2,318 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $358.17, for a total transaction of $830,238.06. Following the completion of the sale, the chief executive officer now owns 126,831 shares in the company, valued at $45,427,059.27. This represents a 1.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Trane Technologies Stock Up 1.1 %

TT opened at $364.55 on Wednesday. The company has a 50 day moving average of $382.56 and a 200 day moving average of $377.89. The company has a market cap of $82.03 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 2.44 and a beta of 1.05. Trane Technologies plc has a 12 month low of $265.37 and a 12 month high of $422.00. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.52 by $0.09. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. On average, sell-side analysts expect that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 1.03%. This is an increase from Trane Technologies’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Friday, March 7th. Trane Technologies’s dividend payout ratio (DPR) is presently 29.87%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TT shares. Barclays upped their target price 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. JPMorgan Chase & Co. increased their price objective on shares of Trane Technologies from $387.00 to $396.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. HSBC lowered shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price objective for the company. in a research note on Thursday, October 31st. Wells Fargo & Company decreased their price objective on shares of Trane Technologies from $380.00 to $360.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Finally, Northcoast Research began coverage on shares of Trane Technologies in a research note on Friday, November 22nd. They issued a “buy” rating and a $500.00 price objective for the company. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $415.25.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TT. Global Wealth Strategies & Associates bought a new stake in shares of Trane Technologies during the 4th quarter worth $26,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Trane Technologies during the 3rd quarter worth $27,000. DT Investment Partners LLC bought a new stake in shares of Trane Technologies during the 3rd quarter worth $36,000. Sound Income Strategies LLC raised its position in Trane Technologies by 1,314.3% in the 4th quarter. Sound Income Strategies LLC now owns 99 shares of the company’s stock worth $37,000 after purchasing an additional 92 shares during the period. Finally, Flagship Wealth Advisors LLC purchased a new position in Trane Technologies in the 4th quarter worth $37,000. 82.97% of the stock is owned by institutional investors.

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.