Fiera Capital Corp Has $626,000 Position in Trane Technologies plc (NYSE:TT)

Fiera Capital Corp decreased its position in shares of Trane Technologies plc (NYSE:TT) by 27.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,903 shares of the company’s stock after selling 725 shares during the quarter. Fiera Capital Corp’s holdings in Trane Technologies were worth $626,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TT. GoalVest Advisory LLC grew its position in shares of Trane Technologies by 157.1% during the 1st quarter. GoalVest Advisory LLC now owns 90 shares of the company’s stock worth $27,000 after buying an additional 55 shares during the period. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Trane Technologies during the 1st quarter worth $27,000. BOK Financial Private Wealth Inc. bought a new stake in shares of Trane Technologies during the 1st quarter valued at $30,000. Sachetta LLC acquired a new position in shares of Trane Technologies in the 4th quarter valued at $27,000. Finally, Motco bought a new position in shares of Trane Technologies in the 4th quarter worth $27,000. 82.97% of the stock is currently owned by institutional investors.

Insider Activity at Trane Technologies

In other news, EVP Raymond D. Pittard sold 1,805 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $328.65, for a total value of $593,213.25. Following the completion of the transaction, the executive vice president now directly owns 83,517 shares in the company, valued at approximately $27,447,862.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Trane Technologies news, CEO David S. Regnery sold 29,450 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $321.25, for a total value of $9,460,812.50. Following the sale, the chief executive officer now owns 132,946 shares in the company, valued at $42,708,902.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Raymond D. Pittard sold 1,805 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $328.65, for a total transaction of $593,213.25. Following the transaction, the executive vice president now owns 83,517 shares of the company’s stock, valued at $27,447,862.05. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

Trane Technologies Trading Up 0.1 %

TT stock opened at $346.53 on Thursday. Trane Technologies plc has a 52 week low of $184.02 and a 52 week high of $363.15. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.84 and a current ratio of 1.17. The company’s 50-day simple moving average is $338.02 and its 200 day simple moving average is $319.06. The company has a market capitalization of $78.44 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01.

Trane Technologies (NYSE:TT) last announced its earnings results on Wednesday, July 31st. The company reported $3.30 EPS for the quarter, topping the consensus estimate of $3.08 by $0.22. Trane Technologies had a net margin of 12.33% and a return on equity of 33.97%. The company had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.13 billion. During the same period last year, the firm earned $2.68 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Trane Technologies plc will post 10.82 earnings per share for the current year.

Trane Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Friday, September 6th. Trane Technologies’s payout ratio is currently 35.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wells Fargo & Company upped their price objective on Trane Technologies from $310.00 to $315.00 and gave the company an “underweight” rating in a report on Thursday, August 1st. Robert W. Baird boosted their price objective on shares of Trane Technologies from $360.00 to $365.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Stephens reiterated an “equal weight” rating and issued a $350.00 target price on shares of Trane Technologies in a report on Monday, August 5th. Barclays boosted their price target on shares of Trane Technologies from $385.00 to $394.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada lifted their target price on Trane Technologies from $334.00 to $350.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $323.29.

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.