Consilium Wealth Advisory LLC boosted its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 12.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,944 shares of the company's stock after acquiring an additional 777 shares during the quarter. Trane Technologies accounts for about 1.2% of Consilium Wealth Advisory LLC's investment portfolio, making the stock its 23rd largest holding. Consilium Wealth Advisory LLC's holdings in Trane Technologies were worth $2,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of TT. Norges Bank purchased a new position in Trane Technologies during the 4th quarter valued at about $1,117,816,000. GAMMA Investing LLC lifted its stake in shares of Trane Technologies by 35,458.2% in the 1st quarter. GAMMA Investing LLC now owns 2,015,792 shares of the company's stock valued at $679,161,000 after purchasing an additional 2,010,123 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Trane Technologies during the fourth quarter valued at approximately $611,322,000. Northern Trust Corp grew its position in shares of Trane Technologies by 20.1% in the 4th quarter. Northern Trust Corp now owns 2,567,527 shares of the company's stock worth $948,316,000 after buying an additional 429,953 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Trane Technologies in the 4th quarter worth about $147,251,000. 82.97% of the stock is currently owned by institutional investors.
Trane Technologies Stock Performance
Shares of NYSE TT traded down $4.75 during midday trading on Tuesday, hitting $421.86. 1,074,501 shares of the company's stock traded hands, compared to its average volume of 1,345,895. The firm has a fifty day moving average of $394.95 and a 200 day moving average of $376.53. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $436.61. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21. The stock has a market capitalization of $94.08 billion, a price-to-earnings ratio of 37.50, a price-to-earnings-growth ratio of 2.50 and a beta of 1.16.
Trane Technologies (NYSE:TT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, beating analysts' consensus estimates of $2.20 by $0.25. The business 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 firm's revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.94 earnings per share. On average, analysts forecast 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 Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 0.89%. The ex-dividend date is Friday, September 5th. Trane Technologies's dividend payout ratio is presently 31.28%.
Insiders Place Their Bets
In related news, insider Donald E. Simmons sold 3,571 shares of the business's stock in a transaction that occurred on 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 approximately $1,365,340. The trade was a 49.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.38% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on TT shares. Citigroup upped their price objective 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 Global Res upgraded Trane Technologies from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Royal Bank of Canada increased their target price on Trane Technologies from $363.00 to $408.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 1st. UBS Group upped their price target on shares of Trane Technologies from $470.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Trane Technologies from $334.00 to $400.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $427.47.
View Our Latest Research Report on TT
Trane Technologies Company Profile
(
Free Report)
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.
Read More
Before you consider Trane Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trane Technologies wasn't on the list.
While Trane Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
