Trane Technologies plc (NYSE:TT) Shares Bought by Waverly Advisors LLC

Waverly Advisors LLC lifted its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 196.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,122 shares of the company's stock after acquiring an additional 4,057 shares during the quarter. Waverly Advisors LLC's holdings in Trane Technologies were worth $2,261,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TT. Minot DeBlois Advisors LLC bought a new stake in shares of Trane Technologies in the 4th quarter worth approximately $26,000. Vermillion & White Wealth Management Group LLC purchased a new position in Trane Technologies in the 4th quarter worth approximately $28,000. Sound Income Strategies LLC increased its position in Trane Technologies by 1,314.3% during the 4th quarter. Sound Income Strategies LLC now owns 99 shares of the company's stock valued at $37,000 after purchasing an additional 92 shares during the period. Flagship Wealth Advisors LLC purchased a new stake in Trane Technologies in the fourth quarter worth $37,000. Finally, Golden State Wealth Management LLC purchased a new stake in Trane Technologies in the fourth quarter worth $39,000. Institutional investors own 82.97% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wells Fargo & Company increased their price objective on Trane Technologies from $330.00 to $370.00 and gave the company an "underweight" rating in a research report on Thursday, May 1st. Barclays dropped their price objective on Trane Technologies from $500.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. HSBC raised Trane Technologies from a "hold" rating to a "buy" rating and increased their price objective for the company from $405.00 to $415.00 in a research report on Friday, April 25th. Stephens raised shares of Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 price target for the company in a research report on Thursday, May 1st. Finally, Melius Research reaffirmed a "hold" rating and issued a $398.00 price objective on shares of Trane Technologies in a research note on Tuesday, January 28th. One equities 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $427.47.

Insider Buying and Selling at Trane Technologies

In other news, insider Donald E. Simmons sold 3,571 shares of the business's 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 sale, the insider now directly owns 3,593 shares in the company, valued at $1,365,340. The trade was a 49.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is currently owned by corporate insiders.

Trane Technologies Stock Performance

Shares of NYSE:TT traded down $3.04 during trading on Wednesday, hitting $433.24. The stock had a trading volume of 310,461 shares, compared to its average volume of 1,350,646. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $439.29. The stock has a market capitalization of $96.62 billion, a price-to-earnings ratio of 38.51, a price-to-earnings-growth 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 stock has a 50-day simple moving average of $369.49 and a two-hundred day simple moving average of $375.38.

Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $4.46 billion. During the same period last year, the business posted $1.94 earnings per share. The company's revenue for the quarter was up 11.2% compared to the same quarter last year. On average, equities research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Friday, June 6th. Trane Technologies's payout ratio 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.