Huntleigh Advisors Inc. Takes Position in Trane Technologies plc (NYSE:TT)

Huntleigh Advisors Inc. 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 SEC. The fund bought 5,121 shares of the company's stock, valued at approximately $1,725,000.

Several other hedge funds also recently added to or reduced their stakes in the business. WFA Asset Management Corp raised its position in Trane Technologies by 208.3% during the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company's stock worth $25,000 after buying an additional 50 shares during the last quarter. Minot DeBlois Advisors LLC acquired a new stake in Trane Technologies during the 4th quarter worth about $26,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Trane Technologies in the fourth quarter worth about $28,000. Opal Wealth Advisors LLC purchased a new position in Trane Technologies during the first quarter valued at approximately $31,000. Finally, Tradewinds Capital Management LLC lifted its holdings in Trane Technologies by 46.2% in the first quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock valued at $32,000 after acquiring an additional 30 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Trading Up 1.6%

Shares of Trane Technologies stock opened at $439.64 on Friday. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $438.15. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.09 and a quick ratio of 0.74. The stock has a market cap of $98.05 billion, a P/E ratio of 36.58, a P/E/G ratio of 2.85 and a beta of 1.15. The stock's 50 day simple moving average is $418.47 and its 200-day simple moving average is $378.93.

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, beating the consensus estimate of $2.20 by $0.25. Trane Technologies had a return on equity of 36.10% and a net margin of 13.47%. The company had revenue of $4.69 billion during the quarter, compared to analysts' expectations of $4.46 billion. During the same period in the prior year, the business earned $1.94 EPS. The firm's quarterly revenue was up 11.2% on a year-over-year basis. Analysts predict that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently declared 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 0.86%. The ex-dividend date of this dividend is Friday, September 5th. Trane Technologies's payout ratio is presently 31.28%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TT. Robert W. Baird lifted their target price on shares of Trane Technologies from $360.00 to $396.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. UBS Group upped their price objective on shares of Trane Technologies from $470.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Barclays dropped their target price on Trane Technologies from $500.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. Citigroup increased their target price on Trane Technologies from $415.00 to $445.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, Hsbc Global Res upgraded shares of Trane Technologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Trane Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $430.13.

Insider Buying and Selling

In related news, insider Donald E. Simmons sold 3,571 shares of the stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $380.00, for a total value of $1,356,980.00. Following the completion of the transaction, the insider directly owned 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.38% of the company's stock.

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.

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