Benjamin Edwards Inc. Acquires 1,086 Shares of Trane Technologies plc (NYSE:TT)

Benjamin Edwards Inc. grew its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 11.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,446 shares of the company's stock after purchasing an additional 1,086 shares during the quarter. Benjamin Edwards Inc.'s holdings in Trane Technologies were worth $3,858,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Nordea Investment Management AB lifted its holdings in shares of Trane Technologies by 42.9% in the fourth quarter. Nordea Investment Management AB now owns 978,275 shares of the company's stock worth $361,874,000 after buying an additional 293,916 shares in the last quarter. Bank of New Hampshire lifted its stake in Trane Technologies by 27.3% in the 4th quarter. Bank of New Hampshire now owns 5,709 shares of the company's stock worth $2,109,000 after purchasing an additional 1,226 shares in the last quarter. Diversified Trust Co boosted its holdings in Trane Technologies by 58.7% in the 4th quarter. Diversified Trust Co now owns 5,253 shares of the company's stock valued at $1,941,000 after purchasing an additional 1,943 shares during the period. Sterneck Capital Management LLC grew its position in shares of Trane Technologies by 62.0% during the 4th quarter. Sterneck Capital Management LLC now owns 1,045 shares of the company's stock valued at $386,000 after purchasing an additional 400 shares in the last quarter. Finally, Douglas Lane & Associates LLC increased its holdings in shares of Trane Technologies by 90.3% in the fourth quarter. Douglas Lane & Associates LLC now owns 1,199 shares of the company's stock worth $443,000 after purchasing an additional 569 shares during the period. Hedge funds and other institutional investors own 82.97% of the company's stock.

Trane Technologies Trading Down 0.3 %

Shares of NYSE TT traded down $1.33 during midday trading on Friday, hitting $404.32. 1,914,403 shares of the company traded hands, compared to its average volume of 1,338,942. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $422.00. The stock has a 50-day moving average price of $350.05 and a 200 day moving average price of $372.29. The firm has a market cap of $90.17 billion, a P/E ratio of 35.94, a P/E/G ratio of 2.50 and a beta of 1.14.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly 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 company had revenue of $4.69 billion for the quarter, compared to analysts' expectations of $4.46 billion. During the same period in the prior year, the firm 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, analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.94 per share. The ex-dividend date is Friday, June 6th. This represents a $3.76 annualized dividend and a dividend yield of 0.93%. Trane Technologies's payout ratio is 31.28%.

Insider Transactions at Trane Technologies

In related news, insider Donald E. Simmons sold 3,571 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $380.00, for a total value of $1,356,980.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Christopher J. Kuehn sold 770 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $358.39, for a total value of $275,960.30. Following the sale, the chief financial officer now owns 62,221 shares in the company, valued at approximately $22,299,384.19. This represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,977 shares of company stock valued at $2,577,061 in the last ninety days. 0.38% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TT has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on shares of Trane Technologies from $330.00 to $370.00 and gave the stock an "underweight" rating in a research report on Thursday, May 1st. UBS Group reduced their target price on Trane Technologies from $500.00 to $470.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. 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 report on Tuesday, January 28th. Robert W. Baird lifted their target price on shares of Trane Technologies from $360.00 to $396.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Finally, HSBC raised Trane Technologies from a "hold" rating to a "buy" rating and raised their price objective for the company from $405.00 to $415.00 in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Trane Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $421.07.

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.