Consolidated Portfolio Review Corp Invests $211,000 in Trane Technologies plc (NYSE:TT)

Consolidated Portfolio Review Corp acquired a new stake in shares of Trane Technologies plc (NYSE:TT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 625 shares of the company's stock, valued at approximately $211,000.

A number of other large investors have also modified their holdings of the company. Norges Bank bought a new stake in shares of Trane Technologies during the fourth quarter valued at approximately $1,117,816,000. GAMMA Investing LLC lifted its holdings in Trane Technologies by 35,458.2% during the 1st quarter. GAMMA Investing LLC now owns 2,015,792 shares of the company's stock worth $679,161,000 after buying an additional 2,010,123 shares in the last quarter. Raymond James Financial Inc. bought a new position in Trane Technologies in the 4th quarter valued at $611,322,000. Northern Trust Corp boosted its position in Trane Technologies by 20.1% in the 4th quarter. Northern Trust Corp now owns 2,567,527 shares of the company's stock valued at $948,316,000 after buying an additional 429,953 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Trane Technologies in the 4th quarter valued at $147,251,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TT. HSBC raised shares of Trane Technologies from a "hold" rating to a "buy" rating and raised their target price for the company from $405.00 to $415.00 in a research note on Friday, April 25th. Citigroup raised their price objective on shares of Trane Technologies from $415.00 to $445.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. UBS Group upped their target price on shares of Trane Technologies from $470.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Stephens upgraded Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 price target on the stock in a research report on Thursday, May 1st. Finally, Royal Bank Of Canada upped their price objective on Trane Technologies from $363.00 to $408.00 and gave the company a "sector perform" rating in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $427.47.

Trane Technologies Stock Up 0.4%

Trane Technologies stock traded up $1.76 during midday trading on Thursday, hitting $429.29. 1,134,978 shares of the stock were exchanged, compared to its average volume of 1,342,154. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $436.61. The company has a quick ratio of 0.74, a current ratio of 1.09 and a debt-to-equity ratio of 0.52. The business's 50-day moving average price is $406.39 and its 200-day moving average price is $377.50. The stock has a market capitalization of $95.74 billion, a price-to-earnings ratio of 35.71, a price-to-earnings-growth ratio of 2.82 and a beta of 1.16.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly 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 firm had revenue of $4.69 billion for the quarter, compared to analysts' expectations of $4.46 billion. Trane Technologies had a return on equity of 36.10% and a net margin of 13.47%. The business's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.94 EPS. On average, research analysts expect 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. Shareholders of record on Friday, September 5th will be issued a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 0.88%. The ex-dividend date is Friday, September 5th. Trane Technologies's dividend payout ratio (DPR) is currently 31.28%.

Insider Buying and Selling

In other news, insider Donald E. Simmons sold 3,571 shares of the stock in a transaction 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 transaction, the insider now directly owns 3,593 shares of the company's stock, valued at $1,365,340. This represents a 49.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is currently owned by insiders.

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.