Earned Wealth Advisors LLC Makes New $362,000 Investment in Trane Technologies plc (NYSE:TT)

Key Points

• Earned Wealth Advisors LLC has made a new investment of $362,000 in shares of Trane Technologies plc, purchasing 1,074 shares during the first quarter.
• Trane Technologies reported $3.88 earnings per share for the latest quarter, exceeding analysts' expectations and showing a year-over-year revenue increase of 7.6%.
• The company declared a quarterly dividend of $0.94 per share, which will be paid on September 30th, representing an annualized yield of 0.9%.

Earned Wealth Advisors LLC bought a new position in shares of Trane Technologies plc (NYSE:TT - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,074 shares of the company's stock, valued at approximately $362,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Trane Technologies by 35,458.2% in the first quarter. GAMMA Investing LLC now owns 2,015,792 shares of the company's stock valued at $679,161,000 after acquiring an additional 2,010,123 shares during the last quarter. Northern Trust Corp lifted its holdings in Trane Technologies by 20.1% in the fourth quarter. Northern Trust Corp now owns 2,567,527 shares of the company's stock valued at $948,316,000 after acquiring an additional 429,953 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in Trane Technologies by 27.3% in the first quarter. Pictet Asset Management Holding SA now owns 1,915,630 shares of the company's stock valued at $645,343,000 after acquiring an additional 410,734 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Trane Technologies in the fourth quarter valued at approximately $147,251,000. Finally, BNP Paribas Financial Markets acquired a new position in Trane Technologies in the fourth quarter valued at approximately $137,999,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Stock Up 0.2%

Trane Technologies stock opened at $439.01 on Monday. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The stock's fifty day simple moving average is $435.56 and its 200-day simple moving average is $388.63. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $97.68 billion, a P/E ratio of 34.81, a P/E/G ratio of 2.80 and a beta of 1.09.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, topping analysts' consensus estimates of $3.79 by $0.09. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.77 billion. During the same quarter in the prior year, the company earned $3.30 earnings per share. The company's revenue was up 7.6% on a year-over-year basis. As a group, equities analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal 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 dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.9%. Trane Technologies's dividend payout ratio is currently 29.82%.

Analysts Set New Price Targets

A number of research firms recently commented on TT. Hsbc Global Res cut Trane Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday. Barclays upped their price objective on Trane Technologies from $480.00 to $495.00 and gave the company an "overweight" rating in a report on Thursday. Morgan Stanley upped their price objective on Trane Technologies from $445.00 to $520.00 and gave the company an "overweight" rating in a report on Thursday. HSBC reiterated a "hold" rating and issued a $460.00 price objective (up from $415.00) on shares of Trane Technologies in a report on Thursday. Finally, Royal Bank Of Canada upped their price objective on Trane Technologies from $463.00 to $467.00 and gave the company a "sector perform" rating in a report on Thursday. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $455.67.

Trane Technologies 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.

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