SPC Financial Inc. Makes New $209,000 Investment in Trane Technologies plc (NYSE:TT)

SPC Financial Inc. purchased a new position in Trane Technologies plc (NYSE:TT) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 697 shares of the company’s stock, valued at approximately $209,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BKM Wealth Management LLC purchased a new stake in shares of Trane Technologies during the fourth quarter valued at approximately $25,000. Motco purchased a new stake in Trane Technologies in the fourth quarter worth $27,000. Sachetta LLC purchased a new stake in Trane Technologies in the fourth quarter worth $27,000. GoalVest Advisory LLC increased its position in Trane Technologies by 157.1% in the first quarter. GoalVest Advisory LLC now owns 90 shares of the company’s stock worth $27,000 after buying an additional 55 shares during the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new stake in Trane Technologies in the first quarter worth $27,000. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Performance

Shares of TT opened at $344.56 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average price is $330.38 and its 200-day moving average price is $295.48. Trane Technologies plc has a 52 week low of $184.02 and a 52 week high of $347.20. The stock has a market cap of $77.99 billion, a P/E ratio of 36.81, a P/E/G ratio of 2.64 and a beta of 1.01.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.94 EPS for the quarter, topping 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 firm 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 business posted $1.41 EPS. Trane Technologies’s revenue was up 15.0% on a year-over-year basis. Equities research analysts anticipate 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. Shareholders of record on Friday, September 6th will be issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Friday, September 6th. Trane Technologies’s dividend payout ratio (DPR) is presently 35.90%.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, SVP Evan M. Turtz sold 8,988 shares of the business’s 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 transaction, the senior vice president now owns 20,758 shares in the company, valued at $6,669,545.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Trane Technologies news, SVP Evan M. Turtz sold 8,988 shares of the business’s 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 transaction, the senior vice president now owns 20,758 shares in the company, valued at $6,669,545.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the chief financial officer now directly owns 61,293 shares of the company’s stock, valued at approximately $19,532,240.31. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TT shares. Barclays raised their price target on Trane Technologies from $380.00 to $385.00 and gave the stock an “overweight” rating in a report on Wednesday. Mizuho lifted their price objective on Trane Technologies from $280.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. UBS Group lifted their price objective on Trane Technologies from $330.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, June 3rd. TD Cowen lifted their price objective on Trane Technologies from $325.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, The Goldman Sachs Group lifted their price objective on Trane Technologies from $287.00 to $326.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Trane Technologies currently has a consensus rating of “Hold” and a consensus target price of $311.21.

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.