Clark Capital Management Group Inc. Has $932,000 Stake in Trane Technologies plc (NYSE:TT)

Clark Capital Management Group Inc. grew its stake in Trane Technologies plc (NYSE:TT) by 15.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,523 shares of the company’s stock after buying an additional 345 shares during the period. Clark Capital Management Group Inc.’s holdings in Trane Technologies were worth $932,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Sound Income Strategies LLC boosted its holdings in Trane Technologies by 1,314.3% during the fourth quarter. Sound Income Strategies LLC now owns 99 shares of the company’s stock valued at $37,000 after acquiring an additional 92 shares during the period. Flagship Wealth Advisors LLC bought a new stake in Trane Technologies during the 4th quarter valued at approximately $37,000. Golden State Wealth Management LLC acquired a new stake in Trane Technologies in the 4th quarter valued at approximately $39,000. BankPlus Trust Department bought a new position in Trane Technologies in the 4th quarter worth approximately $45,000. Finally, Centricity Wealth Management LLC acquired a new position in shares of Trane Technologies during the fourth quarter worth approximately $55,000. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Down 0.3 %

TT opened at $404.32 on Friday. The firm has a market cap of $90.17 billion, a price-to-earnings ratio of 35.94, a PEG ratio of 2.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21. The firm’s 50-day simple moving average is $350.05 and its 200-day simple moving average is $372.45. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $422.00.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.25. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. The firm had revenue of $4.69 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same period in the prior year, the firm earned $1.94 earnings per share. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. Equities research analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Friday, June 6th. Trane Technologies’s dividend payout ratio is currently 31.28%.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CFO Christopher J. Kuehn sold 770 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $358.39, for a total value of $275,960.30. Following the transaction, the chief financial officer now directly owns 62,221 shares in the company, valued at approximately $22,299,384.19. This trade represents a 1.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David S. Regnery sold 2,318 shares of Trane Technologies stock in a transaction on Monday, February 10th. The shares were sold at an average price of $358.17, for a total value of $830,238.06. Following the completion of the sale, the chief executive officer now directly owns 126,831 shares of the company’s stock, valued at $45,427,059.27. This trade represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,977 shares of company stock worth $2,577,061. Insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

TT has been the topic of several research analyst reports. Citigroup raised their price objective on shares of Trane Technologies from $415.00 to $445.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. UBS Group dropped their price objective on shares of Trane Technologies from $500.00 to $470.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Hsbc Global Res upgraded shares of Trane Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 25th. Wells Fargo & Company lifted their target price on Trane Technologies from $330.00 to $370.00 and gave the stock an “underweight” rating in a research report on Thursday, May 1st. Finally, Robert W. Baird raised their price objective on Trane Technologies from $360.00 to $396.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Trane Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $421.07.

Trane Technologies 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.