State of Tennessee Treasury Department acquired a new position in shares of Trane (NYSE:TT) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 169,138 shares of the company’s stock, valued at approximately $13,969,000. State of Tennessee Treasury Department owned approximately 0.07% of Trane as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Tredje AP fonden bought a new stake in Trane during the 1st quarter worth $1,455,000. Morgan Stanley purchased a new stake in shares of Trane in the first quarter worth $104,260,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Trane in the first quarter worth $32,075,000. Clearbridge Investments LLC purchased a new stake in shares of Trane in the first quarter worth $42,753,000. Finally, Lowe Brockenbrough & Co. Inc. purchased a new stake in Trane during the first quarter valued at about $4,560,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

A number of equities research analysts have weighed in on TT shares. Barclays restated a “buy” rating and set a $105.00 price target on shares of Trane in a research report on Monday, April 6th. Credit Suisse Group lifted their price objective on Trane from $91.00 to $108.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. Wolfe Research lowered shares of Trane from a “market perform” rating to an “underperform” rating and set a $90.00 target price for the company. in a report on Wednesday, April 15th. ValuEngine upgraded shares of Trane from a “sell” rating to a “hold” rating in a report on Tuesday, March 17th. Finally, TheStreet lowered shares of Trane from a “b” rating to a “c+” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $95.07.

In other news, SVP Keith A. Sultana sold 1,314 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $101.35, for a total transaction of $133,173.90. Following the transaction, the senior vice president now directly owns 22,317 shares in the company, valued at $2,261,827.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.92% of the stock is currently owned by company insiders.

Shares of NYSE TT traded down $0.51 during midday trading on Friday, reaching $85.29. 19,537 shares of the company’s stock traded hands, compared to its average volume of 1,459,947. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.20 and a current ratio of 1.55. The stock’s 50 day moving average is $87.65. Trane has a one year low of $70.00 and a one year high of $146.85. The stock has a market cap of $20.58 billion, a P/E ratio of 17.78 and a beta of 1.36.

Trane (NYSE:TT) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.07). Trane had a net margin of 7.54% and a return on equity of 20.96%. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.71 billion. Equities analysts predict that Trane will post 3.06 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.49%. Trane’s dividend payout ratio is presently 33.28%.

Trane Company Profile

Ingersoll-Rand Plc designs, manufactures, sells, and services industrial and commercial products. The company operates through Climate and Industrial segments. The Climate segment offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality; industrial refrigeration; motor replacements; refrigerant reclamation; thermostats/controls; transport heater products; and water source heat pumps.

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Institutional Ownership by Quarter for Trane (NYSE:TT)

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