Trane Technologies plc (NYSE:TT) Shares Purchased by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC grew its stake in shares of Trane Technologies plc (NYSE:TT) by 5.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,625 shares of the company’s stock after purchasing an additional 137 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Trane Technologies were worth $788,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. GoalVest Advisory LLC lifted its stake in shares of Trane Technologies by 157.1% during the first quarter. GoalVest Advisory LLC now owns 90 shares of the company’s stock worth $27,000 after purchasing an additional 55 shares in the last quarter. Riverview Trust Co acquired a new position in shares of Trane Technologies during the first quarter worth about $66,000. Central Valley Advisors LLC lifted its stake in shares of Trane Technologies by 2.9% during the first quarter. Central Valley Advisors LLC now owns 6,830 shares of the company’s stock worth $2,050,000 after purchasing an additional 190 shares in the last quarter. Global Assets Advisory LLC acquired a new position in shares of Trane Technologies during the first quarter worth about $18,974,000. Finally, AdvisorNet Financial Inc lifted its stake in shares of Trane Technologies by 122.1% during the first quarter. AdvisorNet Financial Inc now owns 513 shares of the company’s stock worth $154,000 after purchasing an additional 282 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Stock Down 1.4 %

Shares of Trane Technologies stock opened at $328.93 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 0.58. The business’s 50 day simple moving average is $324.44 and its 200-day simple moving average is $289.08. The stock has a market capitalization of $74.45 billion, a price-to-earnings ratio of 35.14, a PEG ratio of 2.62 and a beta of 1.01. Trane Technologies plc has a twelve month low of $184.02 and a twelve month high of $345.46.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. The business had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Trane Technologies had a return on equity of 32.78% and a net margin of 11.81%. The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.41 EPS. Equities research analysts forecast that Trane Technologies plc will post 10.46 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. Stockholders of record on Friday, September 6th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Friday, September 6th. Trane Technologies’s payout ratio is 35.90%.

Analysts Set New Price Targets

TT has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their price target on Trane Technologies from $287.00 to $326.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Robert W. Baird increased their price target on Trane Technologies from $315.00 to $344.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. TD Cowen increased their price target on Trane Technologies from $325.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Citigroup increased their price target on Trane Technologies from $355.00 to $366.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Mizuho increased their price target on Trane Technologies from $280.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $309.79.

Insider Transactions at Trane Technologies

In related news, CFO Christopher J. Kuehn sold 4,000 shares of the firm’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 value of $1,274,680.00. Following the sale, the chief financial officer now directly owns 61,293 shares in the company, valued at approximately $19,532,240.31. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Christopher J. Kuehn sold 4,000 shares of the firm’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 value of $1,274,680.00. Following the sale, the chief financial officer now directly owns 61,293 shares in the company, valued at approximately $19,532,240.31. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Evan M. Turtz sold 8,988 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $321.30, for a total value of $2,887,844.40. Following the completion of the sale, the senior vice president now owns 20,758 shares in the company, valued at $6,669,545.40. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Trane Technologies Company 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.