835 Shares in Trane Technologies plc (NYSE:TT) Bought by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. bought a new position in Trane Technologies plc (NYSE:TT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 835 shares of the company’s stock, valued at approximately $203,000.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in Trane Technologies by 24,670.7% during the fourth quarter. International Assets Investment Management LLC now owns 1,034,423 shares of the company’s stock worth $252,296,000 after purchasing an additional 1,030,247 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Trane Technologies by 5.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,085,662 shares of the company’s stock valued at $3,466,852,000 after acquiring an additional 880,583 shares in the last quarter. FMR LLC increased its position in shares of Trane Technologies by 12.4% in the third quarter. FMR LLC now owns 5,743,154 shares of the company’s stock valued at $1,165,343,000 after acquiring an additional 632,598 shares during the last quarter. Wellington Management Group LLP raised its holdings in Trane Technologies by 36.4% during the third quarter. Wellington Management Group LLP now owns 1,639,058 shares of the company’s stock worth $332,581,000 after acquiring an additional 436,997 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd boosted its position in Trane Technologies by 31.4% during the third quarter. Alphinity Investment Management Pty Ltd now owns 1,812,549 shares of the company’s stock valued at $367,784,000 after purchasing an additional 433,388 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Keith A. Sultana sold 1,983 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $272.26, for a total transaction of $539,891.58. Following the sale, the senior vice president now directly owns 42,575 shares of the company’s stock, valued at approximately $11,591,469.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Keith A. Sultana sold 1,983 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $272.26, for a total value of $539,891.58. Following the completion of the transaction, the senior vice president now directly owns 42,575 shares in the company, valued at approximately $11,591,469.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Evan M. Turtz sold 2,821 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $288.33, for a total transaction of $813,378.93. Following the sale, the senior vice president now owns 20,729 shares in the company, valued at approximately $5,976,792.57. The disclosure for this sale can be found here. Insiders have sold a total of 28,237 shares of company stock worth $8,024,534 in the last 90 days. Company insiders own 0.39% of the company’s stock.

Trane Technologies Stock Performance

Shares of NYSE TT opened at $325.89 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.13 and a quick ratio of 0.74. The firm has a market cap of $73.77 billion, a price-to-earnings ratio of 34.82, a P/E/G ratio of 2.54 and a beta of 1.01. The stock’s fifty day moving average price is $296.65 and its two-hundred day moving average price is $259.66. Trane Technologies plc has a one year low of $162.04 and a one year high of $327.47.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Tuesday, April 30th. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.64 by $0.30. Trane Technologies had a net margin of 11.81% and a return on equity of 32.78%. The business had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same period in the prior year, the company posted $1.41 earnings per share. Trane Technologies’s revenue was up 15.0% compared to the same quarter last year. On average, equities analysts forecast that Trane Technologies plc will post 10.48 EPS for the current year.

Trane Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Thursday, June 6th. Trane Technologies’s dividend payout ratio is currently 35.90%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TT. Mizuho upped their price objective on Trane Technologies from $280.00 to $325.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Royal Bank of Canada increased their price target on shares of Trane Technologies from $231.00 to $246.00 and gave the company a “sector perform” rating in a research note on Friday, February 2nd. Stephens lifted their price objective on shares of Trane Technologies from $310.00 to $320.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 1st. Barclays upped their target price on shares of Trane Technologies from $286.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, The Goldman Sachs Group lifted their price target on Trane Technologies from $287.00 to $326.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Trane Technologies presently has an average rating of “Hold” and an average price target of $300.54.

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.