Tidal Investments LLC increased its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 409.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,695 shares of the company's stock after purchasing an additional 64,868 shares during the period. Tidal Investments LLC's holdings in Trane Technologies were worth $29,805,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. Ameritas Advisory Services LLC acquired a new position in shares of Trane Technologies in the fourth quarter valued at approximately $468,000. HB Wealth Management LLC grew its stake in Trane Technologies by 14.3% in the 4th quarter. HB Wealth Management LLC now owns 5,689 shares of the company's stock worth $2,101,000 after acquiring an additional 711 shares during the period. Crossmark Global Holdings Inc. raised its holdings in Trane Technologies by 31.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 29,057 shares of the company's stock valued at $10,733,000 after acquiring an additional 6,910 shares during the last quarter. Stonegate Investment Group LLC lifted its stake in shares of Trane Technologies by 11.9% during the 4th quarter. Stonegate Investment Group LLC now owns 15,378 shares of the company's stock worth $5,680,000 after purchasing an additional 1,633 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Trane Technologies by 1,490.3% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 19,417 shares of the company's stock worth $7,172,000 after purchasing an additional 18,196 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.
Wall Street Analysts Forecast Growth
TT has been the topic of a number of recent research reports. Robert W. Baird lifted their price target on shares of Trane Technologies from $360.00 to $396.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Hsbc Global Res raised Trane Technologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Barclays lowered their price target on shares of Trane Technologies from $500.00 to $475.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Royal Bank of Canada upped their price objective on shares of Trane Technologies from $363.00 to $408.00 and gave the company a "sector perform" rating in a research report on Thursday, May 1st. Finally, Melius downgraded Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 target price for the company. in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Trane Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $427.47.
Read Our Latest Report on TT
Insider Buying and Selling at Trane Technologies
In other Trane Technologies news, insider Donald E. Simmons sold 3,571 shares of Trane Technologies 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 sale, the insider now owns 3,593 shares of the company's stock, valued at $1,365,340. The trade was a 49.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.38% of the stock is currently owned by company insiders.
Trane Technologies Stock Performance
Shares of Trane Technologies stock traded up $0.71 on Friday, reaching $424.97. 275,426 shares of the company were exchanged, compared to its average volume of 1,346,038. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $433.60. The firm has a market cap of $94.78 billion, a price-to-earnings ratio of 37.77, a P/E/G ratio of 2.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21. The company's 50-day moving average is $364.69 and its two-hundred day moving average is $374.90.
Trane Technologies (NYSE:TT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $4.46 billion. During the same period last year, the company earned $1.94 earnings per share. The firm's revenue for the quarter was up 11.2% on a year-over-year basis. As a group, research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.
Trane Technologies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a $0.94 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.76 annualized dividend and a yield of 0.88%. Trane Technologies's dividend payout ratio is presently 31.28%.
Trane Technologies Company Profile
(
Free Report)
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.
See Also
Before you consider Trane Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trane Technologies wasn't on the list.
While Trane Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
