Phillips Wealth Planners LLC Has $628,000 Stock Holdings in Trane Technologies plc (NYSE:TT)

Phillips Wealth Planners LLC lifted its position in Trane Technologies plc (NYSE:TT) by 8.5% during the first quarter, HoldingsChannel.com reports. The fund owned 1,816 shares of the company’s stock after purchasing an additional 142 shares during the period. Phillips Wealth Planners LLC’s holdings in Trane Technologies were worth $628,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. WFA Asset Management Corp raised its holdings in Trane Technologies by 208.3% during the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company’s stock worth $25,000 after buying an additional 50 shares during the period. Minot DeBlois Advisors LLC acquired a new stake in Trane Technologies during the 4th quarter worth approximately $26,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Trane Technologies during the 4th quarter worth approximately $28,000. Opal Wealth Advisors LLC acquired a new stake in Trane Technologies during the 1st quarter worth approximately $31,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in Trane Technologies during the 4th quarter worth approximately $37,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Price Performance

NYSE:TT opened at $427.99 on Thursday. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $436.61. The company has a current ratio of 1.09, a quick ratio of 0.74 and a debt-to-equity ratio of 0.52. The firm has a fifty day simple moving average of $406.39 and a 200 day simple moving average of $377.50. The stock has a market capitalization of $95.45 billion, a PE ratio of 35.61, a P/E/G ratio of 2.82 and a beta of 1.16.

Trane Technologies (NYSE:TT) last released its earnings results on Wednesday, April 30th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.25. Trane Technologies had a net margin of 13.47% and a return on equity of 36.10%. The business had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same period last year, the business earned $1.94 earnings per share. The firm’s revenue was up 11.2% on a year-over-year basis. On average, research analysts expect that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.76 dividend on an annualized basis and a yield of 0.88%. Trane Technologies’s dividend payout ratio (DPR) is 31.28%.

Insiders Place Their Bets

In other Trane Technologies news, insider Donald E. Simmons sold 3,571 shares of Trane Technologies 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 completion of the transaction, the insider now directly owns 3,593 shares of the company’s stock, valued at $1,365,340. The trade was a 49.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Royal Bank Of Canada raised their target price on shares of Trane Technologies from $363.00 to $408.00 and gave the stock a “sector perform” rating in a report on Thursday, May 1st. Wells Fargo & Company raised their price target on shares of Trane Technologies from $330.00 to $370.00 and gave the stock an “underweight” rating in a research note on Thursday, May 1st. Citigroup raised their price target on shares of Trane Technologies from $415.00 to $445.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Robert W. Baird raised their price target on shares of Trane Technologies from $360.00 to $396.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Finally, Barclays decreased their price target on shares of Trane Technologies from $500.00 to $475.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Trane Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $427.47.

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.