Siemens Fonds Invest GmbH Acquires 1,074 Shares of Trane Technologies plc $TT

Siemens Fonds Invest GmbH boosted its stake in shares of Trane Technologies plc (NYSE:TT) by 11.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,761 shares of the company’s stock after buying an additional 1,074 shares during the period. Siemens Fonds Invest GmbH’s holdings in Trane Technologies were worth $4,215,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TT. Tucker Asset Management LLC acquired a new stake in shares of Trane Technologies during the fourth quarter worth $25,000. Hilton Head Capital Partners LLC bought a new position in Trane Technologies during the 4th quarter worth about $32,000. JPL Wealth Management LLC bought a new position in Trane Technologies during the 3rd quarter worth about $32,000. Creative Financial Designs Inc. ADV raised its stake in shares of Trane Technologies by 119.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 90 shares of the company’s stock valued at $35,000 after purchasing an additional 49 shares during the period. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in shares of Trane Technologies in the third quarter valued at about $42,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Stock Up 0.8%

NYSE:TT opened at $476.26 on Wednesday. Trane Technologies plc has a twelve month low of $348.06 and a twelve month high of $503.47. The firm has a market capitalization of $105.28 billion, a price-to-earnings ratio of 36.83, a price-to-earnings-growth ratio of 2.18 and a beta of 1.20. The company has a quick ratio of 0.77, a current ratio of 1.10 and a debt-to-equity ratio of 0.46. The stock’s 50 day moving average price is $465.32 and its two-hundred day moving average price is $434.07.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Friday, May 1st. The company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.53 by $0.10. Trane Technologies had a return on equity of 35.55% and a net margin of 13.41%.The company had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter in the prior year, the firm posted $2.45 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities research analysts expect that Trane Technologies plc will post 14.88 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be paid a $1.05 dividend. The ex-dividend date is Friday, September 4th. This represents a $4.20 dividend on an annualized basis and a yield of 0.9%. Trane Technologies’s dividend payout ratio (DPR) is currently 32.48%.

Insider Transactions at Trane Technologies

In related news, insider Donald E. Simmons sold 4,593 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $500.00, for a total value of $2,296,500.00. Following the completion of the sale, the insider directly owned 3,819 shares in the company, valued at approximately $1,909,500. This trade represents a 54.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Christopher J. Kuehn sold 8,619 shares of Trane Technologies stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $450.00, for a total value of $3,878,550.00. Following the transaction, the chief financial officer owned 60,576 shares of the company’s stock, valued at $27,259,200. The trade was a 12.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TT. Sanford C. Bernstein assumed coverage on Trane Technologies in a research report on Tuesday, June 9th. They set an “outperform” rating and a $550.00 price objective for the company. Evercore started coverage on Trane Technologies in a research note on Monday, April 13th. They issued an “outperform” rating and a $535.00 target price on the stock. BNP Paribas Exane initiated coverage on shares of Trane Technologies in a research note on Tuesday, April 14th. They set an “outperform” rating and a $550.00 price target for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a research report on Monday, April 20th. Finally, KeyCorp raised their target price on shares of Trane Technologies from $525.00 to $555.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Trane Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $509.12.

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.