Captrust Financial Advisors Has $6.15 Million Stock Position in Trane Technologies plc (NYSE:TT)

Captrust Financial Advisors raised its stake in Trane Technologies plc (NYSE:TT - Free Report) by 9.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,645 shares of the company's stock after buying an additional 1,424 shares during the period. Captrust Financial Advisors' holdings in Trane Technologies were worth $6,148,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Douglas Lane & Associates LLC grew its position in shares of Trane Technologies by 90.3% in the fourth quarter. Douglas Lane & Associates LLC now owns 1,199 shares of the company's stock valued at $443,000 after purchasing an additional 569 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Trane Technologies by 1.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 59,837 shares of the company's stock valued at $23,260,000 after purchasing an additional 745 shares during the last quarter. ST Germain D J Co. Inc. boosted its holdings in shares of Trane Technologies by 9.1% in the 4th quarter. ST Germain D J Co. Inc. now owns 4,053 shares of the company's stock valued at $1,497,000 after purchasing an additional 337 shares during the last quarter. Hilltop National Bank boosted its holdings in shares of Trane Technologies by 0.7% in the 4th quarter. Hilltop National Bank now owns 6,140 shares of the company's stock valued at $2,268,000 after purchasing an additional 40 shares during the last quarter. Finally, Czech National Bank increased its position in Trane Technologies by 6.1% during the 4th quarter. Czech National Bank now owns 48,790 shares of the company's stock worth $18,021,000 after purchasing an additional 2,819 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trane Technologies

In related news, insider Donald E. Simmons sold 3,571 shares of the stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $380.00, for a total value of $1,356,980.00. Following the sale, the insider now directly owns 3,593 shares in the company, valued at $1,365,340. This trade represents a 49.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.38% of the company's stock.

Trane Technologies Price Performance

NYSE:TT traded up $6.02 during mid-day trading on Tuesday, hitting $422.17. The company's stock had a trading volume of 1,343,002 shares, compared to its average volume of 1,645,666. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $94.15 billion, a price-to-earnings ratio of 37.53, a P/E/G ratio of 2.50 and a beta of 1.14. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $424.46. The stock has a fifty day moving average of $351.40 and a 200-day moving average of $372.31.

Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.25. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. The firm had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same period last year, the firm posted $1.94 EPS. The firm's quarterly revenue was up 11.2% on a year-over-year basis. As a group, equities analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.94 per share. The ex-dividend date is Friday, June 6th. This represents a $3.76 annualized dividend and a yield of 0.89%. Trane Technologies's dividend payout ratio is currently 31.28%.

Analyst Upgrades and Downgrades

TT has been the subject of several analyst reports. Melius downgraded shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 target price for the company. in a research note on Tuesday, January 28th. Stephens upgraded Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 target price on the stock in a research report on Thursday, May 1st. JPMorgan Chase & Co. raised their price target on Trane Technologies from $323.00 to $334.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Robert W. Baird boosted their target price on shares of Trane Technologies from $360.00 to $396.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Finally, HSBC raised Trane Technologies from a "hold" rating to a "buy" rating and upped their target price for the stock from $405.00 to $415.00 in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Trane Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $421.07.

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.