Trane Technologies plc (NYSE:TT) Holdings Decreased by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC trimmed its position in Trane Technologies plc (NYSE:TT) by 4.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,367 shares of the company’s stock after selling 203 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Trane Technologies were worth $1,471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in TT. WFA Asset Management Corp grew its stake in Trane Technologies by 208.3% during the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company’s stock worth $25,000 after buying an additional 50 shares during the last quarter. Minot DeBlois Advisors LLC bought a new position in Trane Technologies during the 4th quarter worth $26,000. Vermillion & White Wealth Management Group LLC bought a new position in Trane Technologies during the 4th quarter worth $28,000. Opal Wealth Advisors LLC bought a new position in Trane Technologies during the 1st quarter worth $31,000. Finally, Flagship Wealth Advisors LLC bought a new position in Trane Technologies during the 4th quarter worth $37,000. 82.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Citigroup upped their price objective on Trane Technologies from $415.00 to $445.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. HSBC upgraded Trane Technologies from a “hold” rating to a “buy” rating and upped their price objective for the stock from $405.00 to $415.00 in a research note on Friday, April 25th. Barclays reduced their price target on Trane Technologies from $500.00 to $475.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Wells Fargo & Company boosted their price target on Trane Technologies from $330.00 to $370.00 and gave the stock an “underweight” rating in a research report on Thursday, May 1st. Finally, Stephens upgraded Trane Technologies from an “equal weight” rating to an “overweight” rating and set a $475.00 price target for the company in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $427.47.

Trane Technologies Trading Up 1.2%

Shares of Trane Technologies stock opened at $426.63 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58. The firm has a market cap of $95.15 billion, a price-to-earnings ratio of 37.92, a price-to-earnings-growth ratio of 2.50 and a beta of 1.16. The business has a fifty day simple moving average of $394.95 and a 200-day simple moving average of $376.53. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $436.61.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.25. The business had revenue of $4.69 billion during 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%. The company’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.94 earnings per share. On average, equities analysts forecast 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 Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, September 5th. Trane Technologies’s dividend payout ratio (DPR) is presently 31.28%.

Insider Transactions at Trane Technologies

In other news, insider Donald E. Simmons sold 3,571 shares of the business’s stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $380.00, for a total transaction of $1,356,980.00. Following the sale, the insider now directly owns 3,593 shares of the company’s stock, valued at $1,365,340. The trade was a 49.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.38% of the stock is owned by insiders.

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.