Inscription Capital LLC Purchases Shares of 677 Trane Technologies plc (NYSE:TT)

Inscription Capital LLC purchased a new stake in shares of Trane Technologies plc (NYSE:TT) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 677 shares of the company’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. BKM Wealth Management LLC bought a new position in Trane Technologies during the fourth quarter valued at approximately $25,000. Sachetta LLC bought a new position in Trane Technologies during the fourth quarter valued at approximately $27,000. Motco bought a new position in Trane Technologies during the fourth quarter valued at approximately $27,000. Rise Advisors LLC grew its position in Trane Technologies by 235.3% during the first quarter. Rise Advisors LLC now owns 171 shares of the company’s stock valued at $51,000 after acquiring an additional 120 shares during the last quarter. Finally, General Partner Inc. bought a new position in Trane Technologies during the first quarter valued at approximately $54,000. 82.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, SVP Evan M. Turtz sold 8,988 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $321.30, for a total transaction of $2,887,844.40. Following the completion of the sale, the senior vice president now directly owns 20,758 shares in the company, valued at approximately $6,669,545.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Trane Technologies news, SVP Evan M. Turtz sold 8,988 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $321.30, for a total transaction of $2,887,844.40. Following the completion of the sale, the senior vice president now directly owns 20,758 shares in the company, valued at approximately $6,669,545.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Christopher J. Kuehn sold 4,000 shares of Trane Technologies stock in a transaction dated 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 transaction, the chief financial officer now directly owns 61,293 shares in the company, valued at $19,532,240.31. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

Trane Technologies Price Performance

NYSE TT opened at $334.12 on Friday. Trane Technologies plc has a one year low of $182.96 and a one year high of $345.46. The stock has a 50-day moving average of $321.15 and a 200 day moving average of $286.22. The company has a market capitalization of $75.63 billion, a price-to-earnings ratio of 35.70, a PEG ratio of 2.67 and a beta of 1.01. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.74 and a current ratio of 1.13.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.64 by $0.30. The company had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $3.99 billion. Trane Technologies had a return on equity of 32.78% and a net margin of 11.81%. Trane Technologies’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the company earned $1.41 EPS. On average, sell-side analysts forecast that Trane Technologies plc will post 10.46 EPS for the current year.

Trane Technologies Dividend Announcement

The company 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. The ex-dividend date is Friday, September 6th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.01%. Trane Technologies’s dividend payout ratio is currently 35.90%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. JPMorgan Chase & Co. raised their price target on Trane Technologies from $247.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Mizuho raised their price objective on Trane Technologies from $280.00 to $325.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Robert W. Baird raised their price objective on Trane Technologies from $315.00 to $344.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Citigroup raised their price objective on Trane Technologies from $355.00 to $366.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Wells Fargo & Company raised their price objective on Trane Technologies from $281.00 to $295.00 and gave the company an “underweight” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $309.79.

Trane Technologies Company 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.