Caliber Wealth Management LLC KS Makes New $1.53 Million Investment in Trane Technologies plc (NYSE:TT)

Key Points

• Caliber Wealth Management LLC KS has acquired a new $1.53 million stake in Trane Technologies plc, purchasing 4,528 shares of the company's stock.
• Trane Technologies' stock received various upgrades from analysts, with firms like Stephens and HSBC raising their target prices significantly, establishing a consensus rating of "Moderate Buy."
• The company reported an earnings per share (EPS) of $2.45 for the last quarter, exceeding estimates, and declared a quarterly dividend of $0.94, reflecting a 0.81% dividend yield.

Caliber Wealth Management LLC KS acquired a new stake 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 acquired 4,528 shares of the company's stock, valued at approximately $1,525,000.

Several other institutional investors have also modified their holdings of TT. Csenge Advisory Group increased its holdings in Trane Technologies by 0.6% during the first quarter. Csenge Advisory Group now owns 3,944 shares of the company's stock valued at $1,314,000 after buying an additional 25 shares during the period. Bingham Private Wealth LLC increased its position in shares of 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. Quadrant Capital Group LLC increased its position in shares of Trane Technologies by 0.8% during the fourth quarter. Quadrant Capital Group LLC now owns 3,786 shares of the company's stock worth $1,398,000 after purchasing an additional 30 shares in the last quarter. Tradewinds Capital Management LLC increased its position in shares of Trane Technologies by 46.2% during the first quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock worth $32,000 after purchasing an additional 30 shares in the last quarter. Finally, Smith Group Asset Management LLC increased its position in shares of Trane Technologies by 1.2% during the first quarter. Smith Group Asset Management LLC now owns 2,610 shares of the company's stock worth $879,000 after purchasing an additional 30 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TT shares. UBS Group boosted their price objective on shares of Trane Technologies from $470.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Citigroup upped their price target on shares of Trane Technologies from $445.00 to $502.00 and gave the company a "buy" rating in a report on Monday, July 14th. Royal Bank Of Canada upped their price objective on shares of Trane Technologies from $363.00 to $408.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 1st. Robert W. Baird upped their price objective on shares of Trane Technologies from $396.00 to $450.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Trane Technologies from $334.00 to $400.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $441.40.

Trane Technologies Stock Performance

NYSE TT traded down $0.55 during trading on Monday, reaching $471.52. The company's stock had a trading volume of 758,395 shares, compared to its average volume of 1,472,092. The firm has a market cap of $105.16 billion, a price-to-earnings ratio of 39.23, a P/E/G ratio of 3.07 and a beta of 1.15. The business's fifty day moving average price is $433.17 and its 200-day moving average price is $386.23. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.74 and a current ratio of 1.09. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.19.

Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.20 by $0.25. The business had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.46 billion. Trane Technologies had a net margin of 13.47% and a return on equity of 36.10%. 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 earned $1.94 earnings per share. As a group, analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Friday, September 5th. Trane Technologies's payout ratio is currently 31.28%.

Insider Activity

In other news, insider Donald E. Simmons sold 3,571 shares of the company's stock in a transaction 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 completion of the transaction, the insider directly owned 3,593 shares in the company, valued at approximately $1,365,340. This represents a 49.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.38% of the stock is 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.