Key Points
- CFO Christopher Kuehn sold 8,619 shares on April 8 at an average price of $450 for a total of $3,878,550, trimming his stake by 12.46% to 60,576 shares; the sale was executed under a pre-arranged Rule 10b5-1 trading plan.
- Trane recently beat quarterly estimates with EPS of $2.86 (vs. $2.81) and revenue of $5.14B (up 5.6% YoY); the company has a market cap of $101.66B and a PE of 35.39.
- Trane pays a $1.05 quarterly dividend (annualized $4.20, yield 0.9%, payout ratio 32.36%), and analysts hold a consensus rating of Moderate Buy with an average price target of $484.67.
Trane Technologies plc (NYSE:TT - Get Free Report) CFO Christopher Kuehn sold 8,619 shares of the stock in a transaction on 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Trane Technologies Price Performance
NYSE TT opened at $459.32 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.25 and a debt-to-equity ratio of 0.46. The company has a market cap of $101.66 billion, a PE ratio of 35.39, a price-to-earnings-growth ratio of 2.36 and a beta of 1.21. Trane Technologies plc has a 52 week low of $318.08 and a 52 week high of $479.37. The firm's 50-day simple moving average is $440.04 and its two-hundred day simple moving average is $419.11.
Trane Technologies (NYSE:TT - Get Free Report) last posted its earnings results 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. Trane Technologies had a net margin of 13.69% and a return on equity of 36.34%. The firm had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.09 billion. During the same quarter last year, the company earned $2.61 earnings per share. The company's revenue was up 5.6% on a year-over-year basis. Research analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current year.
Trane Technologies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, June 5th. Trane Technologies's payout ratio is currently 32.36%.
Wall Street Analysts Forecast Growth
TT has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on Trane Technologies from $434.00 to $460.00 and gave the stock a "neutral" rating in a report on Friday, January 30th. Citigroup boosted their price objective 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. Weiss Ratings reiterated a "buy (b)" rating on shares of Trane Technologies in a research note on Wednesday, January 21st. Wells Fargo & Company boosted their price target on shares of Trane Technologies from $375.00 to $400.00 and gave the company an "underweight" rating in a research report on Friday, January 30th. Finally, Royal Bank Of Canada upped their price target on shares of Trane Technologies from $469.00 to $470.00 and gave the stock a "sector perform" rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Trane Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $484.67.
Read Our Latest Research Report on Trane Technologies
Institutional Trading of Trane Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of TT. Brighton Jones LLC raised its holdings in Trane Technologies by 60.0% during the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company's stock valued at $2,288,000 after buying an additional 2,323 shares during the last quarter. Sivia Capital Partners LLC increased its position in shares of Trane Technologies by 22.4% in the second quarter. Sivia Capital Partners LLC now owns 1,665 shares of the company's stock valued at $728,000 after acquiring an additional 305 shares during the period. Schnieders Capital Management LLC. bought a new position in shares of Trane Technologies during the second quarter valued at about $227,000. Baker Avenue Asset Management LP bought a new position in shares of Trane Technologies during the second quarter valued at about $217,000. Finally, L2 Asset Management LLC boosted its holdings in shares of Trane Technologies by 4.6% during the second quarter. L2 Asset Management LLC now owns 999 shares of the company's stock worth $437,000 after purchasing an additional 44 shares during the period. Institutional investors own 82.97% of the company's stock.
Trane Technologies Company Profile
(
Get Free Report)
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.
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