OneDigital Investment Advisors LLC Grows Stake in Trane Technologies plc (NYSE:TT)

OneDigital Investment Advisors LLC increased its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 12.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,346 shares of the company's stock after acquiring an additional 607 shares during the period. OneDigital Investment Advisors LLC's holdings in Trane Technologies were worth $1,801,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. WFA Asset Management Corp boosted 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 worth $25,000 after acquiring an additional 50 shares during the period. Minot DeBlois Advisors LLC purchased a new position in shares of Trane Technologies during the 4th quarter valued at approximately $26,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Trane Technologies during the 4th quarter valued at approximately $28,000. Opal Wealth Advisors LLC purchased a new position in shares of Trane Technologies during the 1st quarter valued at approximately $31,000. Finally, Tradewinds Capital Management LLC lifted its stake in Trane Technologies by 46.2% during the first quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock worth $32,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TT shares. Royal Bank Of Canada increased their target price on Trane Technologies from $363.00 to $408.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 1st. Stephens raised Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 target price on the stock in a report on Thursday, May 1st. HSBC upgraded Trane Technologies from a "hold" rating to a "buy" rating and raised their price objective for the stock from $405.00 to $415.00 in a research report on Friday, April 25th. Hsbc Global Res raised Trane Technologies from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Finally, Wells Fargo & Company lifted their price target on Trane Technologies from $370.00 to $410.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Trane Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $434.00.

Trane Technologies Stock Performance

Shares of Trane Technologies stock traded up $0.57 during trading hours on Thursday, reaching $434.18. The company had a trading volume of 1,051,044 shares, compared to its average volume of 1,333,053. The firm has a market cap of $96.83 billion, a PE ratio of 36.12, a price-to-earnings-growth ratio of 2.78 and a beta of 1.15. Trane Technologies plc has a one year low of $298.15 and a one year high of $438.95. The business has a fifty day simple moving average of $424.42 and a 200 day simple moving average of $380.38. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.09 and a quick ratio of 0.74.

Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $2.45 earnings per share for the quarter, beating analysts' consensus estimates of $2.20 by $0.25. Trane Technologies had a return on equity of 36.10% and a net margin of 13.47%. The business had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter last year, the business posted $1.94 earnings per share. The company's revenue for the quarter was up 11.2% on a year-over-year basis. On average, analysts anticipate 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. Investors of record on Friday, September 5th will be given a $0.94 dividend. 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 (DPR) is presently 31.28%.

Insider Transactions at Trane Technologies

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 directly owned 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. Company insiders own 0.38% of the company's stock.

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.