Pinkerton Retirement Specialists LLC Invests $219,000 in Trane Technologies plc (NYSE:TT)

Pinkerton Retirement Specialists LLC bought a new position in Trane Technologies plc (NYSE:TT - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 651 shares of the company's stock, valued at approximately $219,000.

Several other hedge funds also recently bought and sold shares of TT. CWA Asset Management Group LLC boosted its stake in shares of Trane Technologies by 19.2% during the 1st quarter. CWA Asset Management Group LLC now owns 1,135 shares of the company's stock worth $382,000 after acquiring an additional 183 shares in the last quarter. Ethic Inc. boosted its stake in shares of Trane Technologies by 150.1% during the 4th quarter. Ethic Inc. now owns 24,883 shares of the company's stock worth $9,190,000 after acquiring an additional 14,932 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in shares of Trane Technologies by 28.3% during the 4th quarter. Proficio Capital Partners LLC now owns 685 shares of the company's stock worth $253,000 after acquiring an additional 151 shares in the last quarter. Brighton Jones LLC boosted its stake in shares of Trane Technologies by 60.0% during the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company's stock worth $2,288,000 after acquiring an additional 2,323 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Trane Technologies by 495.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,252 shares of the company's stock worth $1,433,000 after acquiring an additional 3,538 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Trane Technologies

In other 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 of the company's stock, valued at approximately $1,365,340. This represents a 49.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.38% of the company's stock.

Trane Technologies Stock Performance

Shares of TT stock traded up $0.42 during mid-day trading on Wednesday, reaching $436.78. The stock had a trading volume of 587,899 shares, compared to its average volume of 1,330,998. The firm's 50 day simple moving average is $427.90 and its 200 day simple moving average is $382.41. The company has a quick ratio of 0.74, a current ratio of 1.09 and a debt-to-equity ratio of 0.52. Trane Technologies plc has a one year low of $298.15 and a one year high of $441.19. The firm has a market cap of $97.41 billion, a PE ratio of 36.34, a P/E/G ratio of 2.84 and a beta of 1.15.

Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, topping 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 company had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter last year, the company earned $1.94 EPS. The company's quarterly revenue was up 11.2% on a year-over-year basis. On average, analysts forecast that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.86%. Trane Technologies's dividend payout ratio is currently 31.28%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TT. The Goldman Sachs Group upped their price target on Trane Technologies from $416.00 to $460.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Royal Bank Of Canada upped their price target on Trane Technologies from $363.00 to $408.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 1st. HSBC upgraded Trane Technologies from a "hold" rating to a "buy" rating and increased their target price for the company from $405.00 to $415.00 in a research note on Friday, April 25th. JPMorgan Chase & Co. increased their target price on Trane Technologies from $334.00 to $400.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, Robert W. Baird increased their target price on Trane Technologies from $360.00 to $396.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Trane Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $437.80.

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.