J.W. Cole Advisors Inc. Acquires 191 Shares of Trane Technologies plc (NYSE:TT)

J.W. Cole Advisors Inc. increased its holdings in shares of Trane Technologies plc (NYSE:TT) by 14.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,519 shares of the company’s stock after acquiring an additional 191 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Trane Technologies were worth $370,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of TT. Global Retirement Partners LLC increased its holdings in Trane Technologies by 18.9% in the 3rd quarter. Global Retirement Partners LLC now owns 958 shares of the company’s stock valued at $192,000 after buying an additional 152 shares during the period. Avior Wealth Management LLC increased its holdings in Trane Technologies by 58.0% in the 3rd quarter. Avior Wealth Management LLC now owns 177 shares of the company’s stock valued at $36,000 after buying an additional 65 shares during the period. Caprock Group LLC increased its holdings in Trane Technologies by 15.8% in the 3rd quarter. Caprock Group LLC now owns 1,528 shares of the company’s stock valued at $310,000 after buying an additional 208 shares during the period. Czech National Bank increased its holdings in Trane Technologies by 47.9% in the 3rd quarter. Czech National Bank now owns 39,919 shares of the company’s stock valued at $8,100,000 after buying an additional 12,922 shares during the period. Finally, Birch Hill Investment Advisors LLC increased its holdings in Trane Technologies by 3.1% in the 3rd quarter. Birch Hill Investment Advisors LLC now owns 37,502 shares of the company’s stock valued at $7,610,000 after buying an additional 1,122 shares during the period. 82.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TT has been the topic of several recent analyst reports. 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 report on Monday, April 8th. Royal Bank of Canada raised their price target on shares of Trane Technologies from $231.00 to $246.00 and gave the company a “sector perform” rating in a research note on Friday, February 2nd. The Goldman Sachs Group raised their price target on shares of Trane Technologies from $253.00 to $287.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. Barclays raised their price target on shares of Trane Technologies from $286.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Stephens raised their price target on shares of Trane Technologies from $235.00 to $280.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $251.83.

Insiders Place Their Bets

In other Trane Technologies news, SVP Keith A. Sultana sold 1,637 shares of Trane Technologies stock in a transaction that occurred on Thursday, February 1st. The stock was 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 $11,345,214.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Trane Technologies news, SVP Keith A. Sultana sold 1,637 shares of Trane Technologies stock in a transaction that occurred on Thursday, February 1st. The stock was 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 $11,345,214.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Keith A. Sultana sold 1,983 shares of Trane Technologies stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $272.26, for a total value of $539,891.58. Following the completion of the sale, the senior vice president now owns 42,575 shares of the company’s stock, valued at $11,591,469.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,874 shares of company stock worth $8,462,825. 0.39% of the stock is owned by corporate insiders.

Trane Technologies Stock Up 0.5 %

NYSE:TT opened at $296.49 on Thursday. The firm’s 50 day simple moving average is $291.04 and its 200 day simple moving average is $253.23. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.13 and a quick ratio of 0.78. Trane Technologies plc has a one year low of $162.04 and a one year high of $306.98. The company has a market cap of $67.32 billion, a PE ratio of 33.73, a P/E/G ratio of 2.49 and a beta of 1.05.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, February 1st. The company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.04. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. The business had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.43 billion. During the same quarter in the previous year, the business earned $1.82 earnings per share. Trane Technologies’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts anticipate that Trane Technologies plc will post 10.2 earnings per share for the current year.

Trane Technologies Dividend Announcement

The firm also recently announced 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 is Thursday, June 6th. This represents a $3.36 annualized dividend and a yield of 1.13%. Trane Technologies’s dividend payout ratio is currently 38.23%.

About Trane Technologies

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.