Ballew Advisors Inc Sells 120 Shares of Trane Technologies plc (NYSE:TT)

Ballew Advisors Inc cut its stake in Trane Technologies plc (NYSE:TT) by 8.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,307 shares of the company’s stock after selling 120 shares during the period. Ballew Advisors Inc’s holdings in Trane Technologies were worth $321,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. BKM Wealth Management LLC purchased a new position in shares of Trane Technologies in the fourth quarter worth about $25,000. Live Oak Investment Partners acquired a new stake in Trane Technologies during the 4th quarter valued at approximately $30,000. Venturi Wealth Management LLC boosted its holdings in shares of Trane Technologies by 139.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 151 shares of the company’s stock valued at $31,000 after acquiring an additional 88 shares during the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of Trane Technologies in the first quarter worth $34,000. Finally, Avior Wealth Management LLC raised its holdings in shares of Trane Technologies by 58.0% during the third quarter. Avior Wealth Management LLC now owns 177 shares of the company’s stock worth $36,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Activity

In other Trane Technologies news, EVP Paul A. Camuti sold 508 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $273.34, for a total transaction of $138,856.72. Following the transaction, the executive vice president now directly owns 89,447 shares in the company, valued at $24,449,442.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Paul A. Camuti sold 5,643 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $288.30, for a total transaction of $1,626,876.90. Following the sale, the executive vice president now directly owns 88,770 shares of the company’s stock, valued at approximately $25,592,391. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Paul A. Camuti sold 508 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $273.34, for a total transaction of $138,856.72. Following the completion of the transaction, the executive vice president now directly owns 89,447 shares of the company’s stock, valued at approximately $24,449,442.98. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,874 shares of company stock valued at $8,462,825. Company insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

TT has been the subject of several recent research reports. Stephens lifted their price target on Trane Technologies from $235.00 to $280.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. Citigroup increased their price target on shares of Trane Technologies from $246.00 to $269.00 and gave the stock a “buy” rating in a report on Monday, December 11th. Wells Fargo & Company lifted their price objective on shares of Trane Technologies from $200.00 to $246.00 and gave the company an “underweight” rating in a report on Tuesday, December 19th. Royal Bank of Canada upped their price objective on shares of Trane Technologies from $231.00 to $246.00 and gave the stock a “sector perform” rating in a research report on Friday, February 2nd. Finally, The Goldman Sachs Group raised their target price on Trane Technologies from $253.00 to $287.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Trane Technologies presently has a consensus rating of “Hold” and an average target price of $232.31.

Trane Technologies Price Performance

Shares of TT stock traded up $0.49 during trading hours on Thursday, reaching $300.20. The company had a trading volume of 743,106 shares, compared to its average volume of 1,037,323. Trane Technologies plc has a 12-month low of $162.04 and a 12-month high of $305.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 1.13. The company has a market capitalization of $68.17 billion, a price-to-earnings ratio of 34.15, a PEG ratio of 2.34 and a beta of 1.05. The stock has a fifty day moving average of $277.13 and a 200-day moving average of $239.97.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Thursday, February 1st. The company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.04. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. The firm had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.43 billion. During the same quarter in the prior year, the firm posted $1.82 earnings per share. Trane Technologies’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts anticipate that Trane Technologies plc will post 10.18 earnings per share for the current year.

Trane Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, February 29th. This is a positive change from Trane Technologies’s previous quarterly dividend of $0.75. Trane Technologies’s dividend payout ratio (DPR) is 38.23%.

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.