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Arkadios Wealth Advisors Grows Position in Trane Technologies plc (NYSE:TT)

Trane Technologies logo with Construction background

Key Points

  • Arkadios Wealth Advisors increased its stake in Trane Technologies plc by 152.3% in the first quarter, holding a total of 2,261 shares valued at $762,000.
  • Trane Technologies reported $3.88 earnings per share (EPS) for its latest quarter, exceeding estimates, and had a 7.6% increase in quarterly revenue year-over-year.
  • The company announced a quarterly dividend of $0.94 per share, representing an annualized dividend yield of 0.9% and a payout ratio of 29.82%.
  • MarketBeat previews the top five stocks to own by September 1st.

Arkadios Wealth Advisors boosted its stake in Trane Technologies plc (NYSE:TT - Free Report) by 152.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,261 shares of the company's stock after buying an additional 1,365 shares during the period. Arkadios Wealth Advisors' holdings in Trane Technologies were worth $762,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. First National Trust Co boosted its position in shares of Trane Technologies by 2.1% during the first quarter. First National Trust Co now owns 1,532 shares of the company's stock worth $516,000 after buying an additional 32 shares during the period. Eastern Bank lifted its stake in Trane Technologies by 26.6% during the 1st quarter. Eastern Bank now owns 762 shares of the company's stock worth $257,000 after acquiring an additional 160 shares in the last quarter. XTX Topco Ltd boosted its holdings in Trane Technologies by 184.1% during the 1st quarter. XTX Topco Ltd now owns 8,635 shares of the company's stock valued at $2,909,000 after acquiring an additional 5,596 shares during the period. Harvest Fund Management Co. Ltd grew its position in Trane Technologies by 40.3% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 5,444 shares of the company's stock valued at $1,960,000 after acquiring an additional 1,565 shares in the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in Trane Technologies during the first quarter worth about $5,717,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Trane Technologies Stock Up 0.2%

Shares of NYSE:TT opened at $439.01 on Monday. The firm has a 50 day simple moving average of $435.56 and a 200-day simple moving average of $388.63. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $97.68 billion, a PE ratio of 34.81, a P/E/G ratio of 2.80 and a beta of 1.09.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $0.09. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.77 billion. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%. The business's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.30 earnings per share. On average, equities analysts predict that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.94 per share. The ex-dividend date is Friday, September 5th. This represents a $3.76 annualized dividend and a dividend yield of 0.9%. Trane Technologies's dividend payout ratio is 29.82%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of Trane Technologies from $445.00 to $520.00 and gave the company an "overweight" rating in a report on Thursday. The Goldman Sachs Group boosted their price target on shares of Trane Technologies from $416.00 to $460.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Hsbc Global Res lowered Trane Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Northcoast Research lowered Trane Technologies from a "buy" rating to a "neutral" rating in a report on Friday. Finally, Stephens upgraded Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 price target on the stock in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $455.67.

Read Our Latest Stock Report on TT

Trane Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Trane Technologies (NYSE:TT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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