Centaurus Financial Inc. Invests $237,000 in Trane Technologies plc (NYSE:TT)

Centaurus Financial Inc. bought a new stake in Trane Technologies plc (NYSE:TT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 641 shares of the company's stock, valued at approximately $237,000.

Other large investors also recently modified their holdings of the company. Minot DeBlois Advisors LLC bought a new position in shares of Trane Technologies in the fourth quarter valued at approximately $26,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Trane Technologies during the 4th quarter valued at $28,000. Flagship Wealth Advisors LLC bought a new stake in shares of Trane Technologies during the 4th quarter worth $37,000. Golden State Wealth Management LLC purchased a new position in shares of Trane Technologies in the 4th quarter worth about $39,000. Finally, BankPlus Trust Department purchased a new position in shares of Trane Technologies in the 4th quarter worth about $45,000. Institutional investors own 82.97% of the company's stock.

Insider Activity

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

Trane Technologies Price Performance

Shares of TT traded up $2.14 during midday trading on Tuesday, hitting $432.50. 601,394 shares of the company traded hands, compared to its average volume of 1,350,389. The stock has a 50-day moving average of $375.55 and a 200-day moving average of $375.67. Trane Technologies plc has a one year low of $298.15 and a one year high of $436.61. The firm has a market cap of $96.46 billion, a P/E ratio of 38.46, a PEG ratio of 2.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.21 and a quick ratio of 0.88.

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

Trane Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 is presently 31.28%.

Analyst Ratings Changes

TT has been the topic of a number of research analyst reports. Barclays cut their price target on shares of Trane Technologies from $500.00 to $475.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. UBS Group boosted their price target on shares of Trane Technologies from $470.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Citigroup boosted their price target on shares of Trane Technologies from $415.00 to $445.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. HSBC raised shares of Trane Technologies from a "hold" rating to a "buy" rating and boosted their price target for the stock from $405.00 to $415.00 in a report on Friday, April 25th. Finally, Royal Bank of Canada boosted their target price on Trane Technologies from $363.00 to $408.00 and gave the company a "sector perform" rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $427.47.

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.