Roberts Wealth Advisors LLC Cuts Position in Trane Technologies plc $TT

Roberts Wealth Advisors LLC decreased its holdings in Trane Technologies plc (NYSE:TT) by 6.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 20,811 shares of the company’s stock after selling 1,346 shares during the period. Trane Technologies makes up about 2.1% of Roberts Wealth Advisors LLC’s investment portfolio, making the stock its 12th largest position. Roberts Wealth Advisors LLC’s holdings in Trane Technologies were worth $8,100,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TT. Old Port Advisors raised its stake in shares of Trane Technologies by 3.2% in the 3rd quarter. Old Port Advisors now owns 778 shares of the company’s stock valued at $328,000 after acquiring an additional 24 shares during the period. OneAscent Wealth Management LLC boosted its position in Trane Technologies by 1.5% during the 3rd quarter. OneAscent Wealth Management LLC now owns 1,627 shares of the company’s stock worth $686,000 after purchasing an additional 24 shares during the period. Bridgewater Advisors Inc. grew its stake in shares of Trane Technologies by 3.7% in the third quarter. Bridgewater Advisors Inc. now owns 670 shares of the company’s stock valued at $285,000 after buying an additional 24 shares in the last quarter. West Family Investments Inc. raised its stake in shares of Trane Technologies by 2.3% during the third quarter. West Family Investments Inc. now owns 1,072 shares of the company’s stock valued at $452,000 after purchasing an additional 24 shares during the period. Finally, Cresset Asset Management LLC increased its stake in Trane Technologies by 0.3% during the 3rd quarter. Cresset Asset Management LLC now owns 7,012 shares of the company’s stock worth $2,959,000 after buying an additional 24 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Trane Technologies Trading Up 1.0%

Trane Technologies stock opened at $434.47 on Thursday. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $479.37. The firm’s 50-day moving average is $432.81 and its 200-day moving average is $417.68. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.25. The company has a market cap of $96.16 billion, a P/E ratio of 33.47, a PEG ratio of 2.26 and a beta of 1.19.

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

Trane Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors 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 yield of 1.0%. The ex-dividend date is Friday, March 6th. This is an increase from Trane Technologies’s previous quarterly dividend of $0.94. Trane Technologies’s dividend payout ratio (DPR) is currently 32.36%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TT. Melius Research raised Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 target price on the stock in a research report on Wednesday, January 7th. Barclays boosted their target price on shares of Trane Technologies from $505.00 to $507.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Citigroup upped their target price on shares of Trane Technologies from $513.00 to $525.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Oppenheimer lifted their price target on Trane Technologies from $460.00 to $468.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $484.67.

Insider Buying and Selling

In related news, insider Donald E. Simmons sold 3,762 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $422.70, for a total value of $1,590,197.40. Following the sale, the insider owned 3,819 shares of the company’s stock, valued at $1,614,291.30. This trade represents a 49.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David S. Regnery sold 36,045 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $422.69, for a total transaction of $15,235,861.05. Following the transaction, the chief executive officer directly owned 96,948 shares of the company’s stock, valued at $40,978,950.12. The trade was a 27.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 49,378 shares of company stock valued at $21,228,464. 0.14% of the stock is owned by corporate insiders.

Trane Technologies 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.