Central Valley Advisors LLC Buys 595 Shares of Trane Technologies plc (NYSE:TT)

Central Valley Advisors LLC increased its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 8.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,517 shares of the company's stock after purchasing an additional 595 shares during the quarter. Central Valley Advisors LLC's holdings in Trane Technologies were worth $2,532,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Avanza Fonder AB acquired a new position in Trane Technologies in the 1st quarter valued at approximately $6,839,000. GAMMA Investing LLC increased its position in Trane Technologies by 5.5% in the 1st quarter. GAMMA Investing LLC now owns 5,983 shares of the company's stock valued at $2,016,000 after acquiring an additional 314 shares during the period. Wealthcare Advisory Partners LLC increased its position in Trane Technologies by 4.6% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 4,758 shares of the company's stock valued at $1,603,000 after acquiring an additional 209 shares during the period. Harbor Capital Advisors Inc. acquired a new position in Trane Technologies in the 1st quarter valued at approximately $1,135,000. Finally, WFA Asset Management Corp increased its position in Trane Technologies by 208.3% in the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company's stock valued at $25,000 after acquiring an additional 50 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Stock Down 0.8%

NYSE:TT traded down $3.47 during trading hours on Friday, reaching $420.84. The company had a trading volume of 1,230,048 shares, compared to its average volume of 1,344,904. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58. The firm has a market cap of $93.85 billion, a price-to-earnings ratio of 37.41, a P/E/G ratio of 2.50 and a beta of 1.16. The business's 50-day simple moving average is $392.71 and its two-hundred day simple moving average is $377.01. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $436.61.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.20 by $0.25. The firm had revenue of $4.69 billion during the quarter, compared to analysts' expectations of $4.46 billion. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. The business's revenue was up 11.2% on a year-over-year basis. During the same period last year, the company earned $1.94 earnings per share. On average, equities analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Announces Dividend

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 issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, September 5th. Trane Technologies's dividend payout ratio is currently 31.28%.

Insider Activity

In related news, insider Donald E. Simmons sold 3,571 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $1,365,340. This trade represents a 49.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.38% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TT shares. Royal Bank of Canada upped their price target on shares of Trane Technologies from $363.00 to $408.00 and gave the company a "sector perform" rating in a research report on Thursday, May 1st. Robert W. Baird lifted their target price on shares of Trane Technologies from $360.00 to $396.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Hsbc Global Res raised shares of Trane Technologies from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Wells Fargo & Company lifted their target price on shares of Trane Technologies from $330.00 to $370.00 and gave the stock an "underweight" rating in a research note on Thursday, May 1st. Finally, HSBC raised shares of Trane Technologies from a "hold" rating to a "buy" rating and lifted their target price for the stock from $405.00 to $415.00 in a research note on Friday, April 25th. 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 issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $427.47.

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.