Compass Ion Advisors LLC Sells 2,455 Shares of Trane Technologies plc (NYSE:TT)

Compass Ion Advisors LLC trimmed its position in Trane Technologies plc (NYSE:TT) by 39.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 3,730 shares of the company’s stock after selling 2,455 shares during the period. Compass Ion Advisors LLC’s holdings in Trane Technologies were worth $1,120,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the company. BKM Wealth Management LLC acquired a new position in shares of Trane Technologies in the 4th quarter valued at $25,000. Motco bought a new position in Trane Technologies during the fourth quarter worth about $27,000. Sachetta LLC bought a new stake in shares of Trane Technologies in the 4th quarter valued at about $27,000. GoalVest Advisory LLC increased its stake in Trane Technologies by 157.1% in the first quarter. GoalVest Advisory LLC now owns 90 shares of the company’s stock valued at $27,000 after purchasing an additional 55 shares in the last quarter. Finally, Ancora Advisors LLC bought a new position in shares of Trane Technologies during the third quarter worth $40,000. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Performance

TT opened at $328.93 on Monday. The business’s 50-day simple moving average is $325.25 and its 200 day simple moving average is $290.43. Trane Technologies plc has a 52-week low of $184.02 and a 52-week high of $345.46. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.74 and a current ratio of 1.13. The firm has a market capitalization of $74.45 billion, a PE ratio of 35.14, a PEG ratio of 2.55 and a beta of 1.01.

Trane Technologies (NYSE:TT) last released 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 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%. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.41 EPS. As a group, sell-side analysts expect that Trane Technologies plc will post 10.48 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders 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 annualized dividend and a dividend yield of 1.02%. Trane Technologies’s dividend payout ratio is presently 35.90%.

Insider Activity at Trane Technologies

In related news, CFO Christopher J. Kuehn sold 4,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 61,293 shares of the company’s stock, valued at approximately $19,532,240.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related 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 completion of 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 accessible through this link. Also, SVP Evan M. Turtz sold 8,988 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were 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 owns 20,758 shares in the company, valued at approximately $6,669,545.40. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TT has been the topic of several recent analyst reports. Stephens lifted their target price on Trane Technologies from $310.00 to $320.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. increased their target price on Trane Technologies from $247.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Wells Fargo & Company lifted their price target on shares of Trane Technologies from $281.00 to $295.00 and gave the company an “underweight” rating in a research note on Thursday, May 2nd. TD Cowen increased their price objective on shares of Trane Technologies from $325.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, The Goldman Sachs Group boosted their price objective on shares of Trane Technologies from $287.00 to $326.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Trane Technologies presently has an average rating of “Hold” and an average target price of $309.79.

About Trane Technologies

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.