B. Riley Wealth Advisors Inc. Has $536,000 Stock Holdings in Trane Technologies plc (NYSE:TT)

B. Riley Wealth Advisors Inc. trimmed its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 35.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,450 shares of the company's stock after selling 804 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Trane Technologies were worth $536,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TT. Norges Bank acquired a new stake in shares of Trane Technologies during the fourth quarter worth $1,117,816,000. Raymond James Financial Inc. acquired a new stake in shares of Trane Technologies during the fourth quarter worth $611,322,000. Northern Trust Corp raised its holdings in shares of Trane Technologies by 20.1% during the fourth quarter. Northern Trust Corp now owns 2,567,527 shares of the company's stock worth $948,316,000 after acquiring an additional 429,953 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Trane Technologies during the fourth quarter worth $137,999,000. Finally, Bank Julius Baer & Co. Ltd Zurich increased its stake in Trane Technologies by 455.2% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 427,226 shares of the company's stock valued at $167,977,000 after buying an additional 350,277 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Stock Performance

Shares of TT stock traded down $2.12 during midday trading on Friday, hitting $430.17. 2,264,866 shares of the company were exchanged, compared to its average volume of 1,355,140. The firm has a market capitalization of $95.94 billion, a P/E ratio of 38.24, a PEG ratio of 2.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21. The firm's 50 day moving average price is $373.99 and its two-hundred day moving average price is $376.03. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $436.61.

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

Trane Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, June 6th. Trane Technologies's payout ratio is 31.28%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Stephens upgraded shares of Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 price target on the stock in a research note on Thursday, May 1st. Barclays lowered their price target on shares of Trane Technologies from $500.00 to $475.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Wells Fargo & Company lifted their price target on shares of Trane Technologies from $330.00 to $370.00 and gave the company an "underweight" rating in a research note on Thursday, May 1st. HSBC upgraded shares of Trane Technologies from a "hold" rating to a "buy" rating and lifted their price target for the company from $405.00 to $415.00 in a research note on Friday, April 25th. Finally, Robert W. Baird upped their price target 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Trane Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $427.47.

Insider Buying and Selling

In other Trane Technologies news, insider Donald E. Simmons sold 3,571 shares of the business's stock in a transaction dated 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 completion of the sale, the insider now owns 3,593 shares of the company's stock, valued at $1,365,340. The trade was a 49.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.38% of the stock is currently owned by insiders.

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.