Monument Capital Management Makes New Investment in Trane Technologies plc (NYSE:TT)

Monument Capital Management bought a new stake in Trane Technologies plc (NYSE:TT) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 793 shares of the company’s stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BKM Wealth Management LLC acquired a new position in shares of Trane Technologies in the fourth quarter valued at approximately $25,000. Motco acquired a new position in Trane Technologies in the 4th quarter valued at $27,000. Sachetta LLC purchased a new position in Trane Technologies during the 4th quarter worth $27,000. GoalVest Advisory LLC lifted its stake in shares of Trane Technologies by 157.1% in the 1st quarter. GoalVest Advisory LLC now owns 90 shares of the company’s stock worth $27,000 after acquiring an additional 55 shares during the period. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Trane Technologies in the first quarter valued at about $27,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling at Trane Technologies

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

Trane Technologies Stock Up 1.9 %

Shares of NYSE TT opened at $330.86 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.13 and a quick ratio of 0.74. The firm’s 50-day moving average is $327.14 and its two-hundred day moving average is $291.89. Trane Technologies plc has a 12-month low of $184.02 and a 12-month high of $345.46. The company has a market capitalization of $74.89 billion, a PE ratio of 35.35, a price-to-earnings-growth ratio of 2.52 and a beta of 1.01.

Trane Technologies (NYSE:TT) last posted its earnings results on Tuesday, April 30th. The company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. The firm had revenue of $4.22 billion for the quarter, compared to analyst estimates 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 was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 EPS. Equities analysts anticipate that Trane Technologies plc will post 10.48 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Friday, September 6th. Trane Technologies’s payout ratio is 35.90%.

Analyst Upgrades and Downgrades

TT has been the subject of a number of recent analyst reports. UBS Group raised their price objective on shares of Trane Technologies from $330.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, June 3rd. Barclays raised their price target on Trane Technologies from $354.00 to $380.00 and gave the company an “overweight” rating in a report on Tuesday, June 4th. Wells Fargo & Company increased their price objective on Trane Technologies from $281.00 to $295.00 and gave the stock an “underweight” rating in a research report on Thursday, May 2nd. JPMorgan Chase & Co. boosted their target price on shares of Trane Technologies from $247.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Finally, Citigroup increased their price target on shares of Trane Technologies from $355.00 to $366.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus 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.