OneDigital Investment Advisors LLC Has $1.80 Million Stock Position in Trane Technologies plc (NYSE:TT)

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

Several other hedge funds and other institutional investors also recently made changes to their positions in TT. Norges Bank bought a new position in shares of Trane Technologies during the 4th quarter worth approximately $1,117,816,000. GAMMA Investing LLC boosted its stake in shares of Trane Technologies by 35,458.2% during the 1st quarter. GAMMA Investing LLC now owns 2,015,792 shares of the company's stock worth $679,161,000 after acquiring an additional 2,010,123 shares during the period. Northern Trust Corp boosted its stake in shares of Trane Technologies by 20.1% during the 4th quarter. Northern Trust Corp now owns 2,567,527 shares of the company's stock worth $948,316,000 after acquiring an additional 429,953 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Trane Technologies during the fourth quarter worth approximately $147,251,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Trane Technologies during the fourth quarter worth approximately $137,999,000. 82.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Trane Technologies news, insider Donald E. Simmons sold 3,571 shares of Trane Technologies stock in a transaction dated 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 approximately $1,365,340. The trade was a 49.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.38% of the company's stock.

Trane Technologies Price Performance

Shares of NYSE TT traded up $6.60 during mid-day trading on Wednesday, hitting $433.49. 841,621 shares of the stock traded hands, compared to its average volume of 1,334,181. 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 plc has a twelve month low of $298.15 and a twelve month high of $438.95. The company has a market cap of $96.68 billion, a PE ratio of 36.06, a price-to-earnings-growth ratio of 2.78 and a beta of 1.15. The firm has a 50 day simple moving average of $424.42 and a two-hundred day simple moving average of $380.38.

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 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 for the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter last year, the business posted $1.94 EPS. Trane Technologies's revenue for the quarter was up 11.2% on a year-over-year basis. As a group, equities research analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 0.87%. 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

A number of equities analysts have recently weighed in on TT shares. Robert W. Baird increased their target price on Trane Technologies from $360.00 to $396.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. UBS Group increased their target price on Trane Technologies from $470.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Stephens raised Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 price objective for the company in a report on Thursday, May 1st. Hsbc Global Res raised Trane Technologies from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Finally, Citigroup lifted their price objective on Trane Technologies from $415.00 to $445.00 and gave the company a "buy" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $434.00.

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.