717 Shares in Trane Technologies plc (NYSE:TT) Acquired by Heartwood Wealth Advisors LLC

Heartwood Wealth Advisors LLC purchased a new position in Trane Technologies plc (NYSE:TT) during the first quarter, HoldingsChannel reports. The fund purchased 717 shares of the company’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. BKM Wealth Management LLC purchased a new position in shares of Trane Technologies in the 4th quarter worth $25,000. Motco purchased a new position in shares of Trane Technologies in the 4th quarter worth $27,000. Sachetta LLC purchased a new position in shares of Trane Technologies in the 4th quarter worth $27,000. Ancora Advisors LLC purchased a new position in shares of Trane Technologies in the 3rd quarter worth $40,000. Finally, Gables Capital Management Inc. raised its position in shares of Trane Technologies by 68.2% in the 4th quarter. Gables Capital Management Inc. now owns 185 shares of the company’s stock worth $45,000 after buying an additional 75 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Stock Performance

Shares of NYSE TT traded up $10.07 during midday trading on Tuesday, hitting $345.38. 1,557,131 shares of the company’s stock were exchanged, compared to its average volume of 1,037,350. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.13 and a quick ratio of 0.74. The stock’s 50 day moving average price is $318.69 and its 200-day moving average price is $284.71. The firm has a market cap of $78.18 billion, a P/E ratio of 36.90, a PEG ratio of 2.62 and a beta of 1.01. Trane Technologies plc has a twelve month low of $182.96 and a twelve month high of $345.46.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.30. The business 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 business’s revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.41 earnings per share. Equities research analysts anticipate that Trane Technologies plc will post 10.46 EPS for the current year.

Trane Technologies Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, September 6th. This represents a $3.36 annualized dividend and a dividend yield of 0.97%. Trane Technologies’s dividend payout ratio is presently 35.90%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several research firms have commented on TT. UBS Group raised their price objective on Trane Technologies from $330.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, June 3rd. The Goldman Sachs Group raised their price objective on Trane Technologies from $287.00 to $326.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. TD Cowen raised their target price on Trane Technologies from $325.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Citigroup raised 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. Finally, Robert W. Baird raised their target price on Trane Technologies from $315.00 to $344.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Trane Technologies currently 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.