Insider Selling: Trane Technologies (NYSE:TT) CFO Sells $1,105,390.30 in Stock

Trane Technologies plc (NYSE:TT) CFO Christopher Kuehn sold 2,389 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $462.70, for a total value of $1,105,390.30. Following the completion of the sale, the chief financial officer directly owned 60,486 shares of the company’s stock, valued at approximately $27,986,872.20. The trade was a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Trane Technologies Trading Up 1.0%

Shares of Trane Technologies stock opened at $465.04 on Friday. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $479.37. The company has a market capitalization of $102.93 billion, a price-to-earnings ratio of 35.83, a P/E/G ratio of 2.42 and a beta of 1.21. The business has a fifty day simple moving average of $403.90 and a two-hundred day simple moving average of $414.84. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.25 and a quick ratio of 0.92.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Thursday, January 29th. The company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.05. Trane Technologies had a net margin of 13.69% and a return on equity of 36.34%. The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.09 billion. During the same period in the prior year, the firm earned $2.61 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. Research analysts forecast that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Trane Technologies’s previous quarterly dividend of $0.94. The ex-dividend date is Friday, March 6th. Trane Technologies’s dividend payout ratio is 28.97%.

Institutional Investors Weigh In On Trane Technologies

Large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in shares of Trane Technologies by 60.0% in the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock valued at $2,288,000 after acquiring an additional 2,323 shares in the last quarter. Sivia Capital Partners LLC raised its stake in Trane Technologies by 22.4% in the second quarter. Sivia Capital Partners LLC now owns 1,665 shares of the company’s stock valued at $728,000 after purchasing an additional 305 shares in the last quarter. CWM LLC lifted its position in Trane Technologies by 18.0% during the second quarter. CWM LLC now owns 23,573 shares of the company’s stock valued at $10,311,000 after purchasing an additional 3,592 shares during the last quarter. MGO One Seven LLC increased its holdings in shares of Trane Technologies by 4.0% in the 2nd quarter. MGO One Seven LLC now owns 3,564 shares of the company’s stock worth $1,559,000 after buying an additional 138 shares during the last quarter. Finally, Vest Financial LLC purchased a new stake in shares of Trane Technologies during the 2nd quarter valued at $279,000. Institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. UBS Group lowered their price objective on Trane Technologies from $544.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Bank of America upgraded shares of Trane Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $490.00 to $550.00 in a research note on Thursday, November 13th. Wells Fargo & Company boosted their price target on Trane Technologies from $375.00 to $400.00 and gave the stock an “underweight” rating in a report on Friday, January 30th. Barclays lifted their price target on shares of Trane Technologies from $505.00 to $507.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Finally, KeyCorp raised Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $484.67.

About Trane Technologies

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.