Consolidated Planning Corp Grows Position in Trane Technologies plc (NYSE:TT)

Consolidated Planning Corp grew its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 24.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,790 shares of the company's stock after acquiring an additional 3,538 shares during the quarter. Consolidated Planning Corp's holdings in Trane Technologies were worth $5,994,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TT. Vanguard Group Inc. lifted its position in Trane Technologies by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 19,235,570 shares of the company's stock worth $7,104,658,000 after purchasing an additional 152,353 shares during the period. Geode Capital Management LLC lifted its position in Trane Technologies by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 4,775,263 shares of the company's stock worth $1,760,549,000 after purchasing an additional 136,349 shares during the period. Ameriprise Financial Inc. lifted its position in Trane Technologies by 4.1% during the fourth quarter. Ameriprise Financial Inc. now owns 3,343,390 shares of the company's stock worth $1,234,908,000 after purchasing an additional 130,867 shares during the period. Norges Bank bought a new stake in Trane Technologies during the fourth quarter worth about $1,117,816,000. Finally, Northern Trust Corp lifted its position in Trane Technologies by 20.1% during the fourth quarter. Northern Trust Corp now owns 2,567,527 shares of the company's stock worth $948,316,000 after purchasing an additional 429,953 shares during the period. 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 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 transaction, the insider now directly owns 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.38% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TT shares. 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. Robert W. Baird increased their target price on shares of Trane Technologies from $360.00 to $396.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. HSBC raised 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. Royal Bank Of Canada boosted their price target 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. Finally, Wells Fargo & Company boosted their price objective on shares of Trane Technologies from $330.00 to $370.00 and gave the company an "underweight" rating in a research report on Thursday, May 1st. One 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $427.47.

Trane Technologies Stock Up 0.5%

NYSE:TT traded up $2.21 during mid-day trading on Tuesday, reaching $429.13. The company's stock had a trading volume of 760,190 shares, compared to its average volume of 1,343,373. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $436.61. The stock has a fifty day moving average of $404.43 and a 200-day moving average of $377.15. The firm has a market capitalization of $95.70 billion, a PE ratio of 35.70, a price-to-earnings-growth ratio of 2.81 and a beta of 1.16. The company has a quick ratio of 0.74, a current ratio of 1.09 and a debt-to-equity ratio of 0.52.

Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 earnings per share 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 analyst estimates of $4.46 billion. Trane Technologies had a net margin of 13.47% and a return on equity of 36.10%. The firm's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.94 earnings per share. Equities research analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Dividend Announcement

The business 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. The ex-dividend date is Friday, September 5th. This represents a $3.76 annualized dividend and a dividend yield of 0.88%. Trane Technologies's dividend payout ratio is currently 31.28%.

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.