Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $416,000 Holdings in Trane Technologies plc (NYSE:TT)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Trane Technologies plc (NYSE:TT) by 24.5% in the fourth quarter, HoldingsChannel reports. The firm owned 1,705 shares of the company’s stock after buying an additional 335 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Trane Technologies were worth $416,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TT. BKM Wealth Management LLC purchased a new stake in Trane Technologies in the 4th quarter worth approximately $25,000. Venturi Wealth Management LLC lifted its stake in Trane Technologies by 139.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 151 shares of the company’s stock worth $31,000 after purchasing an additional 88 shares in the last quarter. Ancora Advisors LLC purchased a new stake in shares of Trane Technologies during the 3rd quarter valued at $40,000. Rosenberg Matthew Hamilton raised its position in shares of Trane Technologies by 27.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 192 shares of the company’s stock valued at $47,000 after buying an additional 41 shares in the last quarter. Finally, Operose Advisors LLC bought a new position in shares of Trane Technologies during the 3rd quarter valued at $53,000. 82.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TT shares. Mizuho raised their price target on shares of Trane Technologies from $280.00 to $325.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Barclays raised their price target on shares of Trane Technologies from $286.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Wells Fargo & Company raised their price target on shares of Trane Technologies from $281.00 to $295.00 and gave the stock an “underweight” rating in a report on Thursday, May 2nd. The Goldman Sachs Group raised their price target on shares of Trane Technologies from $287.00 to $326.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Finally, Citigroup lifted their target price on shares of Trane Technologies from $355.00 to $366.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Trane Technologies has an average rating of “Hold” and an average target price of $300.54.

Insider Activity

In related news, SVP Evan M. Turtz sold 2,821 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $288.33, for a total transaction of $813,378.93. Following the completion of the sale, the senior vice president now directly owns 20,729 shares in the company, valued at $5,976,792.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Paul A. Camuti sold 508 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $273.34, for a total transaction of $138,856.72. Following the completion of the sale, the executive vice president now directly owns 89,447 shares in the company, valued at $24,449,442.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Evan M. Turtz sold 2,821 shares of the company’s 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 completion of the transaction, the senior vice president now owns 20,729 shares of the company’s stock, valued at $5,976,792.57. The disclosure for this sale can be found here. Insiders sold 26,254 shares of company stock valued at $7,484,643 over the last three months. Insiders own 0.39% of the company’s stock.

Trane Technologies Stock Up 0.5 %

Shares of Trane Technologies stock opened at $327.53 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.74 and a current ratio of 1.13. The stock has a market capitalization of $74.14 billion, a PE ratio of 34.99, a price-to-earnings-growth ratio of 2.54 and a beta of 1.01. Trane Technologies plc has a 52-week low of $162.04 and a 52-week high of $329.14. The company has a 50-day simple moving average of $297.50 and a two-hundred day simple moving average of $260.63.

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

Trane Technologies Dividend Announcement

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

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.