Howe & Rusling Inc. Has $226,000 Stock Holdings in Trane Technologies plc (NYSE:TT)

Howe & Rusling Inc. cut its position in Trane Technologies plc (NYSE:TT) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 928 shares of the company’s stock after selling 61 shares during the period. Howe & Rusling Inc.’s holdings in Trane Technologies were worth $226,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. U.S. Capital Wealth Advisors LLC acquired a new position in Trane Technologies during the 3rd quarter valued at about $208,000. Commonwealth Equity Services LLC raised its holdings in shares of Trane Technologies by 1.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 41,603 shares of the company’s stock worth $8,442,000 after purchasing an additional 793 shares during the period. Pinnacle Associates Ltd. raised its holdings in shares of Trane Technologies by 17.1% in the 3rd quarter. Pinnacle Associates Ltd. now owns 10,397 shares of the company’s stock worth $2,110,000 after purchasing an additional 1,518 shares during the period. Dakota Wealth Management bought a new stake in shares of Trane Technologies in the 3rd quarter worth approximately $215,000. Finally, Birchcreek Wealth Management LLC bought a new stake in shares of Trane Technologies in the 3rd quarter worth approximately $203,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TT has been the topic of a number of research reports. Mizuho lifted their price target on shares of Trane Technologies from $280.00 to $325.00 and gave the stock a “neutral” rating in a report on Wednesday. Stephens boosted their price target on shares of Trane Technologies from $310.00 to $320.00 and gave the company an “equal weight” rating in a research report on Wednesday. Robert W. Baird upped their target price on shares of Trane Technologies from $315.00 to $344.00 and gave the stock a “neutral” rating in a research report on Wednesday. TD Cowen upped their target price on shares of Trane Technologies from $325.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Royal Bank of Canada upped their price objective on shares of Trane Technologies from $231.00 to $246.00 and gave the company a “sector perform” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $288.38.

Trane Technologies Price Performance

TT stock opened at $315.08 on Thursday. Trane Technologies plc has a 1 year low of $162.04 and a 1 year high of $327.09. The company has a market cap of $71.39 billion, a P/E ratio of 33.66, a PEG ratio of 2.61 and a beta of 1.01. The firm has a 50-day moving average of $294.39 and a 200 day moving average of $256.74. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.13 and a quick ratio of 0.78.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. The business had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Trane Technologies had a net margin of 11.81% and a return on equity of 32.78%. The business’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.41 earnings per share. On average, sell-side analysts forecast that Trane Technologies plc will post 10.49 EPS for the current year.

Trane Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a $0.84 dividend. The ex-dividend date is Thursday, June 6th. This represents a $3.36 annualized dividend and a yield of 1.07%. Trane Technologies’s dividend payout ratio (DPR) is presently 35.90%.

Insider Activity at Trane Technologies

In related news, SVP Keith A. Sultana sold 1,983 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $272.26, for a total value of $539,891.58. Following the transaction, the senior vice president now directly owns 42,575 shares of the company’s stock, valued at approximately $11,591,469.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Keith A. Sultana sold 1,983 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $272.26, for a total value of $539,891.58. Following the transaction, the senior vice president now directly owns 42,575 shares of the company’s stock, valued at approximately $11,591,469.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul A. Camuti sold 508 shares of the company’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 value of $138,856.72. Following the completion of the transaction, the executive vice president now directly owns 89,447 shares in the company, valued at $24,449,442.98. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,237 shares of company stock valued at $8,024,534. 0.39% of the stock is owned by corporate insiders.

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.