SC&H Financial Advisors Inc. Makes New Investment in Trane Technologies plc (NYSE:TT)

SC&H Financial Advisors Inc. bought a new stake in shares of Trane Technologies plc (NYSE:TT) during the fourth quarter, HoldingsChannel.com reports. The fund bought 881 shares of the company’s stock, valued at approximately $215,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Wellington Management Group LLP raised its holdings in shares of Trane Technologies by 36.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,639,058 shares of the company’s stock valued at $332,581,000 after purchasing an additional 436,997 shares in the last quarter. Xponance Inc. lifted its holdings in Trane Technologies by 18.6% during the fourth quarter. Xponance Inc. now owns 43,825 shares of the company’s stock worth $10,689,000 after buying an additional 6,869 shares during the period. CHICAGO TRUST Co NA boosted its position in Trane Technologies by 2.1% during the 4th quarter. CHICAGO TRUST Co NA now owns 3,136 shares of the company’s stock valued at $765,000 after acquiring an additional 64 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Trane Technologies by 60.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,239 shares of the company’s stock valued at $27,375,000 after acquiring an additional 42,409 shares during the period. Finally, Wealth Effects LLC bought a new position in shares of Trane Technologies in the 4th quarter worth $239,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TT. Stephens raised their price target on shares of Trane Technologies from $235.00 to $280.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Citigroup lifted their price target on shares of Trane Technologies from $309.00 to $355.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Royal Bank of Canada upped their price target on Trane Technologies from $231.00 to $246.00 and gave the stock a “sector perform” rating in a research report on Friday, February 2nd. Barclays boosted their target price on Trane Technologies from $286.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, The Goldman Sachs Group increased their price target on Trane Technologies from $253.00 to $287.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $251.83.

Insider Activity at Trane Technologies

In other news, EVP Paul A. Camuti sold 508 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $273.34, for a total transaction of $138,856.72. Following the transaction, the executive vice president now owns 89,447 shares of the company’s stock, valued at approximately $24,449,442.98. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Trane Technologies news, SVP Keith A. Sultana sold 1,637 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $267.74, for a total transaction of $438,290.38. Following the sale, the senior vice president now directly owns 42,374 shares in the company, valued at $11,345,214.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Paul A. Camuti sold 508 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $273.34, for a total transaction of $138,856.72. Following the completion of the transaction, the executive vice president now owns 89,447 shares of the company’s stock, valued at approximately $24,449,442.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,874 shares of company stock valued at $8,462,825. 0.39% of the stock is currently owned by insiders.

Trane Technologies Price Performance

Trane Technologies stock traded up $2.88 during trading on Monday, reaching $291.15. The company had a trading volume of 1,002,788 shares, compared to its average volume of 994,938. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 1.13. The firm’s 50-day simple moving average is $289.67 and its 200 day simple moving average is $251.65. The firm has a market capitalization of $66.11 billion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 2.43 and a beta of 1.05. Trane Technologies plc has a 1-year low of $162.04 and a 1-year high of $306.98.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, February 1st. The company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.04. The business had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.43 billion. Trane Technologies had a return on equity of 32.01% and a net margin of 11.45%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.82 earnings per share. As a group, equities research analysts anticipate that Trane Technologies plc will post 10.2 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a $0.84 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.15%. Trane Technologies’s dividend payout ratio (DPR) is presently 38.23%.

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.