Trane Technologies plc (NYSE:TT) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 37.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,325 shares of the company's stock after buying an additional 22,233 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Trane Technologies were worth $30,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in TT. Minot DeBlois Advisors LLC acquired a new stake in shares of Trane Technologies during the 4th quarter worth approximately $26,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Trane Technologies in the 4th quarter valued at approximately $28,000. Flagship Wealth Advisors LLC acquired a new stake in Trane Technologies in the 4th quarter valued at approximately $37,000. Golden State Wealth Management LLC acquired a new stake in Trane Technologies in the 4th quarter valued at approximately $39,000. Finally, BankPlus Trust Department acquired a new stake in Trane Technologies in the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TT shares. UBS Group lifted their target price on shares of Trane Technologies from $470.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. lifted their target price on shares of Trane Technologies from $334.00 to $400.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Wells Fargo & Company lifted their target price on shares of Trane Technologies from $330.00 to $370.00 and gave the company an "underweight" rating in a report on Thursday, May 1st. Citigroup lifted their target price on shares of Trane Technologies from $415.00 to $445.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, Hsbc Global Res upgraded shares of Trane Technologies from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Trane Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $427.47.

Trane Technologies Stock Down 0.5%

NYSE:TT traded down $2.12 during trading hours on Friday, hitting $430.17. The company's stock had a trading volume of 2,264,866 shares, compared to its average volume of 1,355,140. The stock has a market capitalization of $95.94 billion, a P/E ratio of 38.24, a price-to-earnings-growth ratio of 2.50 and a beta of 1.14. The stock has a fifty day moving average of $373.99 and a 200-day moving average of $376.03. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $436.61.

Trane Technologies (NYSE:TT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.20 by $0.25. The firm had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.46 billion. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. Trane Technologies's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.94 earnings per share. On average, equities analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid 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 0.87%. Trane Technologies's dividend payout ratio is presently 31.28%.

Insider Activity

In related news, insider Donald E. Simmons sold 3,571 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $1,365,340. This represents a 49.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.38% of the company's stock.

Trane Technologies Company 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.