Central Valley Advisors LLC Has $2.05 Million Stock Holdings in Trane Technologies plc (NYSE:TT)

Central Valley Advisors LLC grew its holdings in Trane Technologies plc (NYSE:TTFree Report) by 2.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,830 shares of the company’s stock after acquiring an additional 190 shares during the quarter. Trane Technologies accounts for 1.1% of Central Valley Advisors LLC’s portfolio, making the stock its 23rd largest holding. Central Valley Advisors LLC’s holdings in Trane Technologies were worth $2,050,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TT. BKM Wealth Management LLC bought a new stake in shares of Trane Technologies in the fourth quarter valued at approximately $25,000. Motco bought a new position in Trane Technologies in the fourth quarter worth $27,000. Sachetta LLC bought a new position in Trane Technologies in the fourth quarter worth $27,000. Ancora Advisors LLC bought a new position in Trane Technologies in the third quarter worth $40,000. Finally, Gables Capital Management Inc. lifted its position in Trane Technologies by 68.2% in the fourth quarter. Gables Capital Management Inc. now owns 185 shares of the company’s stock worth $45,000 after purchasing an additional 75 shares during the period. 82.97% of the stock is owned by institutional investors.

Insider Activity at Trane Technologies

In other Trane Technologies news, CFO Christopher J. Kuehn sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $318.67, for a total transaction of $1,274,680.00. Following the completion of the transaction, the chief financial officer now owns 61,293 shares of the company’s stock, valued at approximately $19,532,240.31. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, SVP Evan M. Turtz sold 8,988 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $321.30, for a total transaction of $2,887,844.40. Following the sale, the senior vice president now owns 20,758 shares in the company, valued at approximately $6,669,545.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Christopher J. Kuehn sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $318.67, for a total value of $1,274,680.00. Following the sale, the chief financial officer now owns 61,293 shares in the company, valued at approximately $19,532,240.31. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

Trane Technologies Trading Down 2.1 %

NYSE:TT traded down $7.10 on Tuesday, hitting $331.04. 253,217 shares of the stock were exchanged, compared to its average volume of 1,043,528. The stock has a market capitalization of $74.93 billion, a price-to-earnings ratio of 35.56, a P/E/G ratio of 2.66 and a beta of 1.01. Trane Technologies plc has a 52 week low of $184.02 and a 52 week high of $345.46. 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 company’s 50-day moving average price is $322.03 and its 200 day moving average price is $287.77.

Trane Technologies (NYSE:TTGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. The company had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Trane Technologies had a return on equity of 32.78% and a net margin of 11.81%. Trane Technologies’s revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.41 EPS. On average, equities research analysts forecast that Trane Technologies plc will post 10.46 earnings per share for the current year.

Trane Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be given a $0.84 dividend. The ex-dividend date is Friday, September 6th. This represents a $3.36 annualized dividend and a dividend yield of 1.01%. Trane Technologies’s dividend payout ratio is presently 35.90%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. The Goldman Sachs Group raised their target price on Trane Technologies from $287.00 to $326.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Robert W. Baird increased their price objective on Trane Technologies from $315.00 to $344.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. TD Cowen increased their price objective on Trane Technologies from $325.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Mizuho increased 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. Finally, UBS Group increased their price objective on Trane Technologies from $330.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, June 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $309.79.

Read Our Latest Report on Trane Technologies

Trane Technologies Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Trane Technologies (NYSE:TT)

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