Mather Group LLC. Sells 216 Shares of Trane Technologies plc (NYSE:TT)

Mather Group LLC. reduced its holdings in Trane Technologies plc (NYSE:TT) by 9.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,989 shares of the company’s stock after selling 216 shares during the quarter. Mather Group LLC.’s holdings in Trane Technologies were worth $597,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC increased its position in shares of Trane Technologies by 12.8% in the first quarter. GAMMA Investing LLC now owns 1,769 shares of the company’s stock worth $531,000 after purchasing an additional 201 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in Trane Technologies by 19.4% in the 1st quarter. Los Angeles Capital Management LLC now owns 691,856 shares of the company’s stock worth $207,695,000 after buying an additional 112,369 shares in the last quarter. CWM LLC increased its holdings in shares of Trane Technologies by 4.3% in the 1st quarter. CWM LLC now owns 5,786 shares of the company’s stock worth $1,737,000 after buying an additional 240 shares during the last quarter. Cullen Investment Group LTD. increased its holdings in shares of Trane Technologies by 2.6% in the 1st quarter. Cullen Investment Group LTD. now owns 28,348 shares of the company’s stock worth $8,434,000 after buying an additional 721 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC bought a new stake in shares of Trane Technologies during the 1st quarter worth $215,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Trane Technologies Trading Down 2.7 %

NYSE:TT opened at $335.93 on Friday. The firm has a market capitalization of $76.04 billion, a P/E ratio of 35.89, a P/E/G ratio of 2.75 and a beta of 1.01. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 0.58. The company has a fifty day moving average of $320.40 and a 200 day moving average of $285.49. Trane Technologies plc has a 52 week low of $182.96 and a 52 week high of $345.46.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.64 by $0.30. The firm had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $3.99 billion. Trane Technologies had a net margin of 11.81% and a return on equity of 32.78%. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.41 earnings per share. On average, research analysts predict that Trane Technologies plc will post 10.46 earnings per share for the current year.

Trane Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 1.00%. The ex-dividend date is Friday, September 6th. Trane Technologies’s dividend payout ratio (DPR) is currently 35.90%.

Insider Transactions at Trane Technologies

In related 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 value of $1,274,680.00. Following the completion of the sale, the chief financial officer now owns 61,293 shares of the company’s stock, valued at $19,532,240.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, 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 transaction of $1,274,680.00. Following the sale, the chief financial officer now owns 61,293 shares of the company’s stock, valued at approximately $19,532,240.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Evan M. Turtz sold 8,988 shares of the 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 transaction, the senior vice president now directly owns 20,758 shares of the company’s stock, 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

TT has been the topic of a number of research analyst reports. Citigroup increased their target price on Trane Technologies from $355.00 to $366.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Wells Fargo & Company increased 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. Mizuho boosted their target price on Trane Technologies from $280.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. The Goldman Sachs Group upped their target price on Trane Technologies from $287.00 to $326.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Finally, UBS Group lifted their price target on shares of Trane Technologies from $330.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, June 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $309.79.

Trane Technologies 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.