Sendero Wealth Management LLC Buys Shares of 2,096 Trane Technologies plc (NYSE:TT)

Sendero Wealth Management LLC acquired a new stake in Trane Technologies plc (NYSE:TT - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,096 shares of the company's stock, valued at approximately $706,000.

Other institutional investors have also made changes to their positions in the company. Minot DeBlois Advisors LLC bought a new stake in Trane Technologies in the 4th quarter valued at approximately $26,000. Vermillion & White Wealth Management Group LLC bought a new position in Trane Technologies in the fourth quarter valued at approximately $28,000. Flagship Wealth Advisors LLC bought a new position in shares of Trane Technologies in the fourth quarter worth about $37,000. Golden State Wealth Management LLC bought a new stake in Trane Technologies during the 4th quarter worth $39,000. Finally, NBC Securities Inc. acquired a new position in Trane Technologies in the 1st quarter valued at approximately $39,000. 82.97% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Trane Technologies news, insider Donald E. Simmons sold 3,571 shares of the company's 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 now directly owns 3,593 shares in the company, valued at $1,365,340. This represents a 49.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.38% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on TT. Citigroup increased their price target on Trane Technologies from $415.00 to $445.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Barclays cut their target price on Trane Technologies from $500.00 to $475.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Royal Bank of Canada raised their price objective on shares of Trane Technologies from $363.00 to $408.00 and gave the stock a "sector perform" rating in a report on Thursday, May 1st. Robert W. Baird increased their price target on Trane Technologies from $360.00 to $396.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Finally, UBS Group lifted their price objective on shares of Trane Technologies from $470.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Trane Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $427.47.

Trane Technologies Stock Down 0.4%

Shares of NYSE TT traded down $1.59 during mid-day trading on Thursday, reaching $431.03. 796,291 shares of the company were exchanged, compared to its average volume of 1,350,186. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $436.61. The stock has a market cap of $96.13 billion, a price-to-earnings ratio of 38.31, a P/E/G ratio of 2.50 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average of $379.31 and a 200 day moving average of $376.47.

Trane Technologies (NYSE:TT - Get Free Report) last released its earnings results 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 35.37% and a net margin of 12.94%. The firm had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the previous year, the company posted $1.94 earnings per share. The company's revenue was up 11.2% compared to the same quarter last year. On average, research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 0.87%. Trane Technologies's dividend payout ratio (DPR) is presently 31.28%.

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.