Trane Technologies plc (NYSE:TT) Stock Holdings Boosted by EP Wealth Advisors LLC

EP Wealth Advisors LLC grew its holdings in shares of Trane Technologies plc (NYSE:TT) by 12.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,312 shares of the company’s stock after acquiring an additional 258 shares during the quarter. EP Wealth Advisors LLC’s holdings in Trane Technologies were worth $854,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TT. Sound Income Strategies LLC lifted its stake in Trane Technologies by 1,314.3% during the fourth quarter. Sound Income Strategies LLC now owns 99 shares of the company’s stock valued at $37,000 after purchasing an additional 92 shares during the last quarter. Flagship Wealth Advisors LLC bought a new position in Trane Technologies during the fourth quarter valued at approximately $37,000. Golden State Wealth Management LLC acquired a new stake in shares of Trane Technologies in the 4th quarter valued at $39,000. BankPlus Trust Department bought a new stake in Trane Technologies during the fourth quarter worth approximately $45,000. Finally, Centricity Wealth Management LLC acquired a new position in Trane Technologies in the 4th quarter valued at $55,000. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Stock Down 0.3 %

NYSE:TT opened at $404.32 on Friday. The firm has a market capitalization of $90.17 billion, a price-to-earnings ratio of 35.94, a price-to-earnings-growth ratio of 2.50 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58. The stock’s 50 day moving average price is $350.05 and its two-hundred day moving average price is $372.29. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $422.00.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.20 by $0.25. The firm had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.46 billion. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.94 earnings per share. Equities research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.76 annualized dividend and a dividend yield of 0.93%. Trane Technologies’s dividend payout ratio is presently 31.28%.

Insider Activity at Trane Technologies

In other Trane Technologies news, CFO Christopher J. Kuehn sold 770 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $358.39, for a total value of $275,960.30. Following the transaction, the chief financial officer now directly owns 62,221 shares of the company’s stock, valued at approximately $22,299,384.19. The trade was a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Donald E. Simmons sold 3,571 shares of the business’s stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $380.00, for a total transaction of $1,356,980.00. Following the transaction, the insider now owns 3,593 shares in the company, valued at $1,365,340. The trade was a 49.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,977 shares of company stock valued at $2,577,061 over the last quarter. 0.38% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Melius lowered shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 target price on the stock. in a research report on Tuesday, January 28th. Wells Fargo & Company raised their target price on Trane Technologies from $330.00 to $370.00 and gave the company an “underweight” rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. upped their price target on Trane Technologies from $323.00 to $334.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Royal Bank of Canada lifted their price objective on Trane Technologies from $363.00 to $408.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 1st. Finally, Barclays cut their target price on shares of Trane Technologies from $500.00 to $475.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $421.07.

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.