Quantum Private Wealth LLC Buys New Position in Trane Technologies plc (NYSE:TT)

Quantum Private Wealth LLC purchased a new position in Trane Technologies plc (NYSE:TT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 900 shares of the company’s stock, valued at approximately $220,000.

Other hedge funds have also recently modified their holdings of the company. BKM Wealth Management LLC purchased a new position in Trane Technologies during the fourth quarter valued at approximately $25,000. Live Oak Investment Partners bought a new position in Trane Technologies in the 4th quarter worth $30,000. Venturi Wealth Management LLC raised its holdings in Trane Technologies by 139.7% during the third quarter. Venturi Wealth Management LLC now owns 151 shares of the company’s stock valued at $31,000 after acquiring an additional 88 shares during the period. 1832 Asset Management L.P. purchased a new position in shares of Trane Technologies in the first quarter valued at about $34,000. Finally, Avior Wealth Management LLC boosted its stake in shares of Trane Technologies by 58.0% in the third quarter. Avior Wealth Management LLC now owns 177 shares of the company’s stock worth $36,000 after acquiring an additional 65 shares during the period. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Up 0.6 %

NYSE:TT traded up $1.75 during mid-day trading on Wednesday, reaching $295.63. The company’s stock had a trading volume of 752,199 shares, compared to its average volume of 766,275. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 0.57. Trane Technologies plc has a 1 year low of $162.04 and a 1 year high of $306.98. The stock has a fifty day moving average of $288.63 and a 200-day moving average of $249.71. The firm has a market capitalization of $67.13 billion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Thursday, February 1st. The company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.04. The company had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.43 billion. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. Trane Technologies’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.82 earnings per share. Equities research analysts forecast that Trane Technologies plc will post 10.2 earnings per share for the current year.

Trane Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $0.84 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $3.36 annualized dividend and a dividend yield of 1.14%. Trane Technologies’s dividend payout ratio (DPR) is presently 38.23%.

Insider Buying and Selling at Trane Technologies

In related news, SVP Keith A. Sultana sold 1,637 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $267.74, for a total transaction of $438,290.38. Following the transaction, the senior vice president now directly owns 42,374 shares in the company, valued at approximately $11,345,214.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, SVP Keith A. Sultana sold 1,637 shares of Trane Technologies stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $267.74, for a total value of $438,290.38. Following the completion of the sale, the senior vice president now directly owns 42,374 shares in the company, valued at approximately $11,345,214.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David S. Regnery sold 6,990 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $286.19, for a total transaction of $2,000,468.10. Following the transaction, the chief executive officer now owns 113,874 shares in the company, valued at approximately $32,589,600.06. The disclosure for this sale can be found here. Insiders sold a total of 29,874 shares of company stock worth $8,462,825 over the last three months. Corporate insiders own 0.39% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Citigroup raised their target price on shares of Trane Technologies from $309.00 to $355.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Royal Bank of Canada lifted their target price on Trane Technologies from $231.00 to $246.00 and gave the stock a “sector perform” rating in a report on Friday, February 2nd. The Goldman Sachs Group increased their price target on Trane Technologies from $253.00 to $287.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. Stephens lifted their price objective on Trane Technologies from $235.00 to $280.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Finally, Barclays increased their target price on Trane Technologies from $286.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Trane Technologies currently has an average rating of “Hold” and a consensus target price of $251.83.

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.