Farmers Trust Co. Has $547,000 Stake in Trane Technologies plc (NYSE:TT)

Farmers Trust Co. trimmed its holdings in shares of Trane Technologies plc (NYSE:TT) by 3.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,821 shares of the company’s stock after selling 60 shares during the quarter. Farmers Trust Co.’s holdings in Trane Technologies were worth $547,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new position in Trane Technologies during the fourth quarter worth $3,086,000. Wellington Management Group LLP increased its position in Trane Technologies by 36.4% during the third quarter. Wellington Management Group LLP now owns 1,639,058 shares of the company’s stock worth $332,581,000 after buying an additional 436,997 shares during the last quarter. Capital World Investors increased its position in Trane Technologies by 0.6% during the fourth quarter. Capital World Investors now owns 2,176,595 shares of the company’s stock worth $530,870,000 after buying an additional 11,930 shares during the last quarter. Stifel Financial Corp increased its position in Trane Technologies by 26.8% during the fourth quarter. Stifel Financial Corp now owns 99,611 shares of the company’s stock worth $24,295,000 after buying an additional 21,040 shares during the last quarter. Finally, Schroder Investment Management Group grew its position in shares of Trane Technologies by 11.9% in the fourth quarter. Schroder Investment Management Group now owns 322,994 shares of the company’s stock valued at $78,778,000 after purchasing an additional 34,243 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Trane Technologies news, CFO Christopher J. Kuehn sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $318.67, for a total transaction of $1,274,680.00. Following the completion of the transaction, the chief financial officer now owns 61,293 shares in the company, valued at $19,532,240.31. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Christopher J. Kuehn sold 4,000 shares of Trane Technologies stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $318.67, for a total value of $1,274,680.00. Following the completion of the transaction, the chief financial officer now owns 61,293 shares in the company, valued at $19,532,240.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Evan M. Turtz sold 8,988 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $321.30, for a total value of $2,887,844.40. Following the sale, the senior vice president now owns 20,758 shares in the company, valued at $6,669,545.40. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TT. UBS Group raised their price target on Trane Technologies from $330.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, June 3rd. Citigroup raised their price target on Trane Technologies from $355.00 to $366.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Stephens raised their price target on Trane Technologies from $310.00 to $320.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 1st. The Goldman Sachs Group raised their price target on Trane Technologies from $287.00 to $326.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Finally, Robert W. Baird raised their price target on Trane Technologies from $315.00 to $344.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $309.79.

Trane Technologies Stock Down 2.7 %

NYSE TT opened at $335.93 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.74 and a current ratio of 1.13. The firm has a 50-day simple moving average of $320.40 and a 200 day simple moving average of $285.49. Trane Technologies plc has a twelve month low of $182.96 and a twelve month high of $345.46. The stock has a market cap of $76.04 billion, a PE ratio of 35.89, a PEG ratio of 2.75 and a beta of 1.01.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. The firm had revenue of $4.22 billion during 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 company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.41 earnings per share. On average, research analysts forecast that Trane Technologies plc will post 10.46 EPS for the current year.

Trane Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Friday, September 6th. Trane Technologies’s dividend payout ratio is 35.90%.

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.