Trane Technologies plc $TT Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp grew its holdings in shares of Trane Technologies plc (NYSE:TT) by 20.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,393 shares of the company’s stock after acquiring an additional 1,427 shares during the period. Jones Financial Companies Lllp’s holdings in Trane Technologies were worth $3,487,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TT. Brighton Jones LLC raised its stake in shares of Trane Technologies by 60.0% in the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock valued at $2,288,000 after purchasing an additional 2,323 shares in the last quarter. Sivia Capital Partners LLC raised its stake in Trane Technologies by 22.4% during the second quarter. Sivia Capital Partners LLC now owns 1,665 shares of the company’s stock valued at $728,000 after buying an additional 305 shares in the last quarter. Blair William & Co. IL grew its position in shares of Trane Technologies by 5.8% in the 2nd quarter. Blair William & Co. IL now owns 23,529 shares of the company’s stock worth $10,292,000 after acquiring an additional 1,299 shares in the last quarter. Callan Family Office LLC grew its position in shares of Trane Technologies by 218.7% in the 2nd quarter. Callan Family Office LLC now owns 6,498 shares of the company’s stock worth $2,842,000 after acquiring an additional 4,459 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of Trane Technologies by 1.2% in the 2nd quarter. IFP Advisors Inc now owns 2,772 shares of the company’s stock valued at $1,221,000 after acquiring an additional 34 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Stock Performance

Shares of TT stock opened at $455.35 on Friday. The business has a 50 day simple moving average of $398.25 and a 200 day simple moving average of $414.57. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.25 and a quick ratio of 0.92. The firm has a market capitalization of $100.97 billion, a price-to-earnings ratio of 35.08, a price-to-earnings-growth ratio of 2.39 and a beta of 1.21. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $476.18.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Thursday, January 29th. The company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.05. The company had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.09 billion. Trane Technologies had a return on equity of 36.34% and a net margin of 13.69%.The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.61 earnings per share. On average, equities research analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Trane Technologies’s previous quarterly dividend of $0.94. Trane Technologies’s dividend payout ratio (DPR) is currently 28.97%.

Analyst Ratings Changes

A number of research firms have commented on TT. Oppenheimer lifted their price objective on shares of Trane Technologies from $460.00 to $468.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. JPMorgan Chase & Co. lifted their price target on shares of Trane Technologies from $434.00 to $460.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Royal Bank Of Canada increased their price objective on shares of Trane Technologies from $469.00 to $470.00 and gave the stock a “sector perform” rating in a research note on Friday, January 30th. Weiss Ratings restated a “buy (b)” rating on shares of Trane Technologies in a research note on Wednesday, January 21st. Finally, Melius Research upgraded Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 price target on the stock in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $484.67.

Trane Technologies Profile

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.