100 Shares in Trane Technologies plc (NYSE:TT) Bought by BOK Financial Private Wealth Inc.

BOK Financial Private Wealth Inc. purchased a new stake in Trane Technologies plc (NYSE:TT) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 100 shares of the company’s stock, valued at approximately $30,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Prosperity Consulting Group LLC acquired a new position in shares of Trane Technologies during the 1st quarter worth approximately $215,000. Mission Wealth Management LP boosted its stake in shares of Trane Technologies by 14.4% during the first quarter. Mission Wealth Management LP now owns 2,125 shares of the company’s stock valued at $638,000 after acquiring an additional 268 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in Trane Technologies in the 1st quarter valued at about $215,000. Private Advisor Group LLC lifted its holdings in Trane Technologies by 4.2% in the 1st quarter. Private Advisor Group LLC now owns 8,341 shares of the company’s stock valued at $2,504,000 after purchasing an additional 334 shares in the last quarter. Finally, J.W. Cole Advisors Inc. boosted its stake in shares of Trane Technologies by 10.6% during the 1st quarter. J.W. Cole Advisors Inc. now owns 1,680 shares of the company’s stock worth $505,000 after purchasing an additional 161 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TT shares. Robert W. Baird upped their price objective on shares of Trane Technologies from $315.00 to $344.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Barclays lifted their price objective on Trane Technologies from $354.00 to $380.00 and gave the company an “overweight” rating in a research report on Tuesday, June 4th. JPMorgan Chase & Co. increased their target price on Trane Technologies from $247.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. UBS Group lifted their price target on Trane Technologies from $330.00 to $375.00 and gave the company a “buy” rating in a report on Monday, June 3rd. Finally, Mizuho increased their price objective on shares of Trane Technologies from $280.00 to $325.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $309.79.

Trane Technologies Stock Up 0.1 %

Shares of NYSE TT traded up $0.39 on Friday, hitting $331.68. The company had a trading volume of 1,435,270 shares, compared to its average volume of 1,384,394. The business has a 50 day moving average of $328.32 and a two-hundred day moving average of $292.79. The firm has a market capitalization of $75.08 billion, a P/E ratio of 35.44, a PEG ratio of 2.57 and a beta of 1.01. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 0.58. Trane Technologies plc has a 12-month low of $184.02 and a 12-month high of $345.46.

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

Trane Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, September 6th. Trane Technologies’s payout ratio is currently 35.90%.

Insider Activity

In other Trane Technologies news, SVP Evan M. Turtz sold 8,988 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $321.30, for a total value of $2,887,844.40. Following the sale, the senior vice president now directly owns 20,758 shares in the company, valued at $6,669,545.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Trane Technologies news, CFO Christopher J. Kuehn sold 4,000 shares of Trane Technologies stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $318.67, for a total transaction of $1,274,680.00. Following the transaction, the chief financial officer now directly owns 61,293 shares in the company, valued at approximately $19,532,240.31. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Evan M. Turtz sold 8,988 shares of the stock in a transaction that occurred 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 directly owns 20,758 shares of the company’s stock, valued at $6,669,545.40. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

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.