Cyndeo Wealth Partners LLC Purchases 6,566 Shares of Trane Technologies plc (NYSE:TT)

Cyndeo Wealth Partners LLC grew its position in Trane Technologies plc (NYSE:TT - Free Report) by 72.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,608 shares of the company's stock after purchasing an additional 6,566 shares during the quarter. Cyndeo Wealth Partners LLC's holdings in Trane Technologies were worth $5,259,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TT. WFA Asset Management Corp increased its holdings 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 buying an additional 50 shares during the period. Minot DeBlois Advisors LLC bought a new stake in shares of Trane Technologies during the fourth quarter worth about $26,000. Vermillion & White Wealth Management Group LLC acquired a new position in Trane Technologies in the 4th quarter valued at approximately $28,000. Opal Wealth Advisors LLC acquired a new stake in Trane Technologies in the first quarter valued at $31,000. Finally, Flagship Wealth Advisors LLC bought a new position in Trane Technologies during the 4th quarter worth $37,000. Institutional investors own 82.97% of the company's stock.

Insider Buying and Selling

In other Trane Technologies 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 sale, the insider now directly owns 3,593 shares of the company's stock, valued at approximately $1,365,340. The trade was a 49.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.38% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group increased their price target on Trane Technologies from $470.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Hsbc Global Res raised shares of Trane Technologies from a "hold" rating to a "strong-buy" rating in a research 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. Barclays lowered their target price on shares of Trane Technologies from $500.00 to $475.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. Finally, Wells Fargo & Company upped their price target 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 assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Trane Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $427.47.

Trane Technologies Stock Up 1.2%

NYSE:TT traded up $5.24 on Monday, hitting $426.63. The stock had a trading volume of 1,393,756 shares, compared to its average volume of 1,346,978. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $436.61. The business's fifty day moving average is $392.71 and its 200 day moving average is $376.46. The company has a market cap of $95.15 billion, a PE ratio of 37.92, a P/E/G ratio of 2.50 and a beta of 1.16.

Trane Technologies (NYSE:TT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.20 by $0.25. The company 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 35.37% and a net margin of 12.94%. Trane Technologies's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the business earned $1.94 EPS. On average, equities 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 announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, September 5th. Trane Technologies's payout ratio is presently 31.28%.

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.