Joel Isaacson & Co. LLC Invests $209,000 in Trane Technologies plc (NYSE:TT)

Joel Isaacson & Co. LLC bought a new position in shares of Trane Technologies plc (NYSE:TT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 620 shares of the company's stock, valued at approximately $209,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WFA Asset Management Corp raised its position in Trane Technologies by 208.3% during the first quarter. WFA Asset Management Corp now owns 74 shares of the company's stock worth $25,000 after acquiring an additional 50 shares during the last quarter. Minot DeBlois Advisors LLC acquired a new position in Trane Technologies during the fourth quarter worth about $26,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Trane Technologies in the fourth quarter valued at approximately $28,000. Opal Wealth Advisors LLC acquired a new position in shares of Trane Technologies in the first quarter valued at approximately $31,000. Finally, Flagship Wealth Advisors LLC acquired a new position in shares of Trane Technologies in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Trane Technologies Trading Down 0.8%

Trane Technologies stock traded down $3.40 during trading on Tuesday, reaching $434.01. The company had a trading volume of 1,167,927 shares, compared to its average volume of 1,335,374. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.74 and a current ratio of 1.09. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $438.15. The stock's 50 day moving average price is $412.59 and its two-hundred day moving average price is $377.88. The firm has a market capitalization of $96.79 billion, a price-to-earnings ratio of 36.11, a PEG ratio of 2.84 and a beta of 1.16.

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 (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.25. Trane Technologies had a net margin of 13.47% and a return on equity of 36.10%. The company had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same period in the previous year, the firm earned $1.94 earnings per share. Trane Technologies's revenue for the quarter was up 11.2% 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.94 per share. The ex-dividend date is Friday, September 5th. This represents a $3.76 annualized dividend and a yield of 0.87%. Trane Technologies's dividend payout ratio is currently 31.28%.

Insider Transactions at Trane Technologies

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 shares were 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 directly owned 3,593 shares in the company, valued at $1,365,340. The trade was a 49.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TT shares. Stephens raised shares of Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 price objective for the company in a research report on Thursday, May 1st. Wells Fargo & Company boosted their price objective on shares of Trane Technologies from $370.00 to $410.00 and gave the company an "underweight" rating in a research report on Tuesday. Barclays cut their price objective on shares of Trane Technologies from $500.00 to $475.00 and set an "overweight" rating for the company in a research report on Monday, March 10th. HSBC raised shares of Trane Technologies from a "hold" rating to a "buy" rating and boosted their price objective for the company from $405.00 to $415.00 in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Trane Technologies from $334.00 to $400.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $430.13.

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.