Buska Wealth Management LLC Acquires Shares of 761 Trane Technologies plc (NYSE:TT)

Buska Wealth Management LLC purchased a new position in shares of Trane Technologies plc (NYSE:TT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 761 shares of the company's stock, valued at approximately $256,000.

Several other institutional investors have also bought and sold shares of the stock. Minot DeBlois Advisors LLC bought a new position in shares of Trane Technologies in the 4th quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC bought a new position in Trane Technologies in the fourth quarter valued at approximately $28,000. Flagship Wealth Advisors LLC acquired a new stake in Trane Technologies during the 4th quarter worth $37,000. Golden State Wealth Management LLC bought a new stake in shares of Trane Technologies during the 4th quarter valued at $39,000. Finally, NBC Securities Inc. bought a new stake in shares of Trane Technologies during the 1st quarter valued at $39,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Hsbc Global Res upgraded Trane Technologies from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Barclays decreased their price objective on shares of Trane Technologies from $500.00 to $475.00 and set an "overweight" rating for the company in a report on Monday, March 10th. HSBC upgraded shares of Trane Technologies from a "hold" rating to a "buy" rating and increased their target price for the stock from $405.00 to $415.00 in a report on Friday, April 25th. UBS Group raised their price objective on Trane Technologies from $470.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Finally, Robert W. Baird increased their price target on Trane Technologies from $360.00 to $396.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $427.47.

Insider Transactions at Trane Technologies

In related news, insider Donald E. Simmons sold 3,571 shares of the business's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $380.00, for a total transaction of $1,356,980.00. Following the transaction, the insider now directly owns 3,593 shares in the company, valued at approximately $1,365,340. The trade was a 49.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.38% of the company's stock.

Trane Technologies Stock Up 0.0%

Shares of TT stock traded up $0.18 during trading on Wednesday, reaching $432.93. The company's stock had a trading volume of 733,410 shares, compared to its average volume of 1,351,151. Trane Technologies plc has a one year low of $298.15 and a one year high of $437.57. The business has a fifty day moving average price of $377.29 and a 200-day moving average price of $376.08. The company has a market cap of $96.55 billion, a price-to-earnings ratio of 38.48, a price-to-earnings-growth ratio of 2.50 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, topping analysts' consensus estimates of $2.20 by $0.25. The company 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%. The company's quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.94 EPS. 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 declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given 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 is Friday, June 6th. Trane Technologies's dividend payout ratio (DPR) is 31.28%.

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.