OneAscent Financial Services LLC Buys 637 Shares of Trane Technologies plc (NYSE:TT)

OneAscent Financial Services LLC lifted its holdings in shares of Trane Technologies plc (NYSE:TT) by 18.9% during the 1st quarter, Holdings Channel reports. The firm owned 4,014 shares of the company’s stock after purchasing an additional 637 shares during the quarter. OneAscent Financial Services LLC’s holdings in Trane Technologies were worth $1,208,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new position in Trane Technologies during the 4th quarter worth approximately $655,804,000. International Assets Investment Management LLC raised its stake in Trane Technologies by 24,670.7% during the 4th quarter. International Assets Investment Management LLC now owns 1,034,423 shares of the company’s stock worth $252,296,000 after buying an additional 1,030,247 shares during the period. JPMorgan Chase & Co. raised its stake in Trane Technologies by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,085,662 shares of the company’s stock worth $3,466,852,000 after buying an additional 880,583 shares during the period. TD Asset Management Inc raised its stake in Trane Technologies by 719.8% during the 4th quarter. TD Asset Management Inc now owns 750,894 shares of the company’s stock worth $183,143,000 after buying an additional 659,299 shares during the period. Finally, Putnam Investments LLC raised its stake in Trane Technologies by 27,824.4% during the 4th quarter. Putnam Investments LLC now owns 572,730 shares of the company’s stock worth $139,689,000 after buying an additional 570,679 shares during the period. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Performance

NYSE TT traded down $4.72 on Friday, hitting $328.93. 5,613,356 shares of the stock traded hands, compared to its average volume of 1,238,246. The business’s fifty day moving average is $324.44 and its two-hundred day moving average is $289.08. Trane Technologies plc has a 12 month low of $184.02 and a 12 month high of $345.46. The firm has a market capitalization of $74.45 billion, a price-to-earnings ratio of 35.14, a PEG ratio of 2.65 and a beta of 1.01. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.74 and a current ratio of 1.13.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.30. Trane Technologies had a return on equity of 32.78% and a net margin of 11.81%. The business had revenue of $4.22 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same period in the prior year, the company earned $1.41 earnings per share. Trane Technologies’s revenue was up 15.0% compared to the same quarter last year. As a group, equities analysts anticipate that Trane Technologies plc will post 10.48 EPS for the current fiscal 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 issued a $0.84 dividend. 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 currently 35.90%.

Insider Transactions at Trane Technologies

In other news, SVP Evan M. Turtz sold 8,988 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now directly owns 20,758 shares of the company’s stock, valued at $6,669,545.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Christopher J. Kuehn sold 4,000 shares of the stock in a transaction 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 owns 61,293 shares in the company, valued at $19,532,240.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 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 approximately $6,669,545.40. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. TD Cowen upped their price target on Trane Technologies from $325.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Mizuho upped their target price on Trane Technologies from $280.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Wells Fargo & Company upped their target price on Trane Technologies from $281.00 to $295.00 and gave the company an “underweight” rating in a report on Thursday, May 2nd. JPMorgan Chase & Co. upped their target price on Trane Technologies from $247.00 to $300.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, Robert W. Baird upped their target price on Trane Technologies from $315.00 to $344.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. One investment 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. Based on data from MarketBeat.com, Trane Technologies has an average rating of “Hold” and a consensus target price 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.