Sandhill Capital Partners LLC Purchases 1,297 Shares of Trane Technologies plc $TT

Sandhill Capital Partners LLC increased its position in shares of Trane Technologies plc (NYSE:TT) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,046 shares of the company’s stock after acquiring an additional 1,297 shares during the quarter. Trane Technologies comprises about 2.9% of Sandhill Capital Partners LLC’s investment portfolio, making the stock its 17th largest position. Sandhill Capital Partners LLC’s holdings in Trane Technologies were worth $40,950,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Financial Consulate Inc. bought a new stake in Trane Technologies during the 3rd quarter worth about $25,000. Icon Advisers Inc. Co. acquired a new position in Trane Technologies during the 2nd quarter valued at about $26,000. United Community Bank boosted its stake in shares of Trane Technologies by 134.4% in the 3rd quarter. United Community Bank now owns 75 shares of the company’s stock valued at $32,000 after purchasing an additional 43 shares during the last quarter. Halbert Hargrove Global Advisors LLC grew its position in shares of Trane Technologies by 34.2% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 102 shares of the company’s stock worth $43,000 after buying an additional 26 shares during the period. Finally, Hantz Financial Services Inc. grew its position in shares of Trane Technologies by 58.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 106 shares of the company’s stock worth $45,000 after buying an additional 39 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insiders Place Their Bets

In related news, CEO David S. Regnery sold 5,588 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $462.60, for a total value of $2,585,008.80. Following the completion of the transaction, the chief executive officer directly owned 96,948 shares in the company, valued at approximately $44,848,144.80. The trade was a 5.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Christopher J. Kuehn sold 2,389 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $462.70, for a total value of $1,105,390.30. Following 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 SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 8,936 shares of company stock worth $4,133,991. Company insiders own 0.14% of the company’s stock.

Trane Technologies Price Performance

Shares of TT stock opened at $423.04 on Monday. The company has a quick ratio of 0.92, a current ratio of 1.25 and a debt-to-equity ratio of 0.46. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $479.37. The firm has a fifty day moving average of $422.75 and a 200-day moving average of $416.99. The firm has a market capitalization of $93.63 billion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 2.23 and a beta of 1.19.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Thursday, January 29th. The company reported $2.86 EPS for the quarter, topping the consensus estimate of $2.81 by $0.05. The business had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.09 billion. Trane Technologies had a return on equity of 36.34% and a net margin of 13.69%.The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.61 EPS. On average, equities research analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th will be given a dividend of $1.05 per share. This is an increase from Trane Technologies’s previous quarterly dividend of $0.94. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, March 6th. Trane Technologies’s payout ratio is 32.36%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. UBS Group cut their price objective on shares of Trane Technologies from $544.00 to $520.00 and set a “buy” rating on the stock in a report on Monday, January 5th. JPMorgan Chase & Co. upped their target price on shares of Trane Technologies from $434.00 to $460.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Oppenheimer increased their price target on Trane Technologies from $460.00 to $468.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Citigroup raised their price target on Trane Technologies from $513.00 to $525.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Finally, Bank of America raised Trane Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $490.00 to $550.00 in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $484.67.

Trane Technologies Company Profile

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.