Trane Technologies plc (NYSE:TT) Stock Holdings Lifted by Scissortail Wealth Management LLC

Scissortail Wealth Management LLC lifted its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 25,466.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 767 shares of the company's stock after acquiring an additional 764 shares during the quarter. Scissortail Wealth Management LLC's holdings in Trane Technologies were worth $283,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TT. Minot DeBlois Advisors LLC acquired a new position in shares of Trane Technologies in the 4th quarter valued at $26,000. Sound Income Strategies LLC boosted its holdings in shares of Trane Technologies by 1,314.3% in the fourth quarter. Sound Income Strategies LLC now owns 99 shares of the company's stock worth $37,000 after buying an additional 92 shares during the period. Flagship Wealth Advisors LLC purchased a new position in shares of Trane Technologies in the fourth quarter worth approximately $37,000. Golden State Wealth Management LLC acquired a new stake in shares of Trane Technologies during the fourth quarter valued at approximately $39,000. Finally, BankPlus Trust Department purchased a new stake in shares of Trane Technologies in the 4th quarter valued at approximately $45,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Stock Performance

Shares of TT opened at $429.20 on Friday. The firm has a market cap of $95.72 billion, a price-to-earnings ratio of 38.15, a price-to-earnings-growth ratio of 2.50 and a beta of 1.14. The company's fifty day moving average is $358.06 and its 200-day moving average is $373.44. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $429.40.

Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $2.45 earnings per share for the quarter, topping analysts' consensus estimates of $2.20 by $0.25. The company had revenue of $4.69 billion during the quarter, compared to analysts' expectations of $4.46 billion. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. The business's quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.94 earnings per share. Equities analysts expect that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a dividend of $0.94 per share. The ex-dividend date is Friday, June 6th. This represents a $3.76 dividend on an annualized basis and a yield of 0.88%. Trane Technologies's payout ratio is currently 31.28%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TT shares. HSBC raised shares of Trane Technologies from a "hold" rating to a "buy" rating and boosted their target price for the company from $405.00 to $415.00 in a research note on Friday, April 25th. Wells Fargo & Company upped their price target on Trane Technologies from $330.00 to $370.00 and gave the company an "underweight" rating in a research report on Thursday, May 1st. Citigroup raised their price objective on Trane Technologies from $415.00 to $445.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. UBS Group dropped their target price on Trane Technologies from $500.00 to $470.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Finally, Melius Research restated a "hold" rating and set a $398.00 price target on shares of Trane Technologies in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Trane Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $425.47.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, insider Donald E. Simmons sold 3,571 shares of the company's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $380.00, for a total transaction 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. This represents a 49.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.38% of the company's stock.

Trane Technologies 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.

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