WBH Advisory Inc. Makes New Investment in Trane Technologies plc (NYSE:TT)

Key Points

• WBH Advisory Inc. has acquired 1,768 shares of Trane Technologies plc, valued at approximately $596,000, marking a new stake in the company.
• Recent earnings for Trane Technologies showed an EPS of $3.88, surpassing estimates and demonstrating a year-over-year revenue increase of 7.6%.
• The company announced a quarterly dividend of $0.94, representing a 0.9% yield with a payout ratio of 29.82%.

WBH Advisory Inc. acquired a new position in shares of Trane Technologies plc (NYSE:TT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,768 shares of the company's stock, valued at approximately $596,000.

A number of other hedge funds have also modified their holdings of the company. Csenge Advisory Group increased its holdings in shares of Trane Technologies by 0.6% during the 1st quarter. Csenge Advisory Group now owns 3,944 shares of the company's stock worth $1,314,000 after acquiring an additional 25 shares during the last quarter. Fiera Capital Corp increased its holdings in shares of Trane Technologies by 1.4% during the 1st quarter. Fiera Capital Corp now owns 1,930 shares of the company's stock worth $650,000 after acquiring an additional 27 shares during the last quarter. Bingham Private Wealth LLC increased its holdings in shares of Trane Technologies by 3.2% during the 1st quarter. Bingham Private Wealth LLC now owns 944 shares of the company's stock worth $318,000 after acquiring an additional 29 shares during the last quarter. Tradewinds Capital Management LLC increased its holdings in shares of Trane Technologies by 46.2% during the 1st quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock worth $32,000 after acquiring an additional 30 shares during the last quarter. Finally, Smith Group Asset Management LLC increased its holdings in shares of Trane Technologies by 1.2% during the 1st quarter. Smith Group Asset Management LLC now owns 2,610 shares of the company's stock worth $879,000 after acquiring an additional 30 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Price Performance

Shares of TT stock traded down $1.87 on Monday, hitting $428.22. 1,074,653 shares of the company's stock were exchanged, compared to its average volume of 1,484,066. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $476.18. The stock has a market cap of $95.28 billion, a P/E ratio of 33.96, a price-to-earnings-growth ratio of 2.68 and a beta of 1.09. The company has a 50 day moving average of $435.42 and a 200 day moving average of $389.83.

Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.79 by $0.09. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same period in the prior year, the company earned $3.30 EPS. Trane Technologies's revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities research analysts predict that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, September 5th. Trane Technologies's dividend payout ratio is currently 29.82%.

Analysts Set New Price Targets

A number of brokerages have commented on TT. Citigroup upped their price objective on Trane Technologies from $445.00 to $502.00 and gave the company a "buy" rating in a report on Monday, July 14th. Royal Bank Of Canada upped their price objective on Trane Technologies from $463.00 to $467.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. The Goldman Sachs Group upped their price objective on Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Northcoast Research lowered Trane Technologies from a "buy" rating to a "neutral" rating in a report on Friday, August 1st. Finally, UBS Group upped their price objective on Trane Technologies from $500.00 to $544.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Trane Technologies presently has a consensus rating of "Hold" and a consensus target price of $458.60.

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.