Blair William & Co. IL Acquires 5,128 Shares of Trane Technologies plc (NYSE:TT)

Key Points

• Blair William & Co. IL increased its holdings in Trane Technologies plc by 30.0%, purchasing an additional 5,128 shares, bringing their total to 22,230 shares valued at approximately $7.49 million.
• Multiple institutional investors have also enhanced their positions in Trane Technologies, with 82.97% of the stock currently owned by these investors.
• Equity research analysts have raised their target prices for Trane Technologies, with a consensus rating of "Hold" and an average price target of $458.60.

Blair William & Co. IL raised its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 30.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,230 shares of the company's stock after purchasing an additional 5,128 shares during the period. Blair William & Co. IL's holdings in Trane Technologies were worth $7,490,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Csenge Advisory Group grew its holdings in Trane Technologies by 0.6% in the 1st quarter. Csenge Advisory Group now owns 3,944 shares of the company's stock worth $1,314,000 after buying an additional 25 shares in the last quarter. Fiera Capital Corp raised its position in shares of Trane Technologies by 1.4% during the 1st quarter. Fiera Capital Corp now owns 1,930 shares of the company's stock worth $650,000 after buying an additional 27 shares in the last quarter. Bingham Private Wealth LLC raised its holdings in Trane Technologies by 3.2% during the first quarter. Bingham Private Wealth LLC now owns 944 shares of the company's stock worth $318,000 after purchasing an additional 29 shares in the last quarter. Tradewinds Capital Management LLC raised its stake in shares of Trane Technologies by 46.2% in the 1st quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock worth $32,000 after buying an additional 30 shares in the last quarter. Finally, Smith Group Asset Management LLC raised its position in Trane Technologies by 1.2% in the first quarter. Smith Group Asset Management LLC now owns 2,610 shares of the company's stock worth $879,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Analysts Set New Price Targets

TT has been the topic of several analyst reports. Royal Bank Of Canada lifted their target price on shares of Trane Technologies from $463.00 to $467.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Robert W. Baird lifted their price target on Trane Technologies from $396.00 to $450.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Stephens raised Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 price objective for the company in a research note on Thursday, May 1st. Hsbc Global Res downgraded Trane Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Finally, Northcoast Research cut shares of Trane Technologies from a "buy" rating to a "neutral" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $458.60.

Trane Technologies Price Performance

NYSE:TT traded up $1.15 during trading hours on Thursday, hitting $428.18. The company's stock had a trading volume of 790,605 shares, compared to its average volume of 1,358,816. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. The stock has a fifty day simple moving average of $435.50 and a 200-day simple moving average of $389.47. The company has a market capitalization of $95.28 billion, a P/E ratio of 34.69, a PEG ratio of 2.66 and a beta of 1.09.

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

Trane Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $0.94 dividend. The ex-dividend date of this dividend 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%.

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.