LWM Advisory Services LLC Purchases Shares of 840 Trane Technologies plc (NYSE:TT)

LWM Advisory Services LLC bought a new stake in shares of Trane Technologies plc (NYSE:TT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 840 shares of the company’s stock, valued at approximately $205,000.

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

Trane Technologies Trading Down 1.2 %

Shares of Trane Technologies stock traded down $3.67 during mid-day trading on Monday, hitting $300.86. 1,878,020 shares of the stock were exchanged, compared to its average volume of 1,010,172. The stock has a market capitalization of $68.32 billion, a price-to-earnings ratio of 34.23, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.78 and a debt-to-equity ratio of 0.57. Trane Technologies plc has a twelve month low of $162.04 and a twelve month high of $307.95. The company has a 50-day simple moving average of $292.22 and a 200 day simple moving average of $254.87.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Thursday, February 1st. The company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.04. The firm had revenue of $4.42 billion during 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 firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.82 EPS. Research analysts forecast that Trane Technologies plc will post 10.2 EPS for the current year.

Trane Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $0.84 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $3.36 annualized dividend and a dividend yield of 1.12%. Trane Technologies’s payout ratio is currently 38.23%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, SVP Keith A. Sultana sold 1,637 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $267.74, for a total value of $438,290.38. Following the completion of the sale, the senior vice president now directly owns 42,374 shares of the company’s stock, valued at approximately $11,345,214.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Trane Technologies news, SVP Keith A. Sultana sold 1,637 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $267.74, for a total value of $438,290.38. Following the completion of the sale, the senior vice president now owns 42,374 shares in the company, valued at approximately $11,345,214.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David S. Regnery sold 6,990 shares of Trane Technologies stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $286.19, for a total value of $2,000,468.10. Following the sale, the chief executive officer now owns 113,874 shares of the company’s stock, valued at $32,589,600.06. The disclosure for this sale can be found here. Insiders have sold 29,874 shares of company stock valued at $8,462,825 in the last quarter. Corporate insiders own 0.39% of the company’s stock.

Trane Technologies Company 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.