Quantum Private Wealth LLC Invests $220,000 in Trane Technologies plc (NYSE:TT)

Quantum Private Wealth LLC purchased a new stake in Trane Technologies plc (NYSE:TT) during the 4th quarter, Holdings Channel.com reports. The fund purchased 900 shares of the company’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Acadian Asset Management LLC acquired a new position in Trane Technologies during the 1st quarter worth approximately $178,000. Blair William & Co. IL grew its holdings in Trane Technologies by 3.0% during the first quarter. Blair William & Co. IL now owns 16,727 shares of the company’s stock worth $2,554,000 after acquiring an additional 495 shares during the period. Sequoia Financial Advisors LLC purchased a new position in Trane Technologies in the first quarter worth $219,000. Vanguard Group Inc. lifted its holdings in Trane Technologies by 0.4% in the first quarter. Vanguard Group Inc. now owns 18,133,851 shares of the company’s stock valued at $2,769,040,000 after acquiring an additional 77,924 shares during the period. Finally, Mackenzie Financial Corp grew its stake in shares of Trane Technologies by 3.8% during the 1st quarter. Mackenzie Financial Corp now owns 956,177 shares of the company’s stock worth $146,008,000 after purchasing an additional 34,591 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TT. Royal Bank of Canada raised their price objective 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. Stephens boosted their price target 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. Barclays raised their price objective on Trane Technologies from $286.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Citigroup boosted their target price on Trane Technologies from $309.00 to $355.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Wells Fargo & Company raised their price target on Trane Technologies from $200.00 to $246.00 and gave the company an “underweight” rating in a research report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $251.83.

Insider Activity at Trane Technologies

In other news, SVP Evan M. Turtz sold 2,821 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now owns 20,729 shares of the company’s stock, valued at approximately $5,976,792.57. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Trane Technologies news, SVP Evan M. Turtz sold 2,821 shares of Trane Technologies stock in a transaction on Monday, March 4th. The shares were sold at an average price of $288.33, for a total value of $813,378.93. Following the transaction, the senior vice president now owns 20,729 shares in the company, valued at approximately $5,976,792.57. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Keith A. Sultana sold 1,637 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $267.74, for a total value of $438,290.38. Following the sale, the senior vice president now owns 42,374 shares of the company’s stock, valued at $11,345,214.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,874 shares of company stock worth $8,462,825. 0.39% of the stock is currently owned by insiders.

Trane Technologies Trading Up 0.6 %

Shares of Trane Technologies stock traded up $1.75 during mid-day trading on Wednesday, hitting $295.63. 752,199 shares of the stock were exchanged, compared to its average volume of 766,275. The stock has a market capitalization of $67.13 billion, a price-to-earnings ratio of 33.64, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05. Trane Technologies plc has a twelve month low of $162.04 and a twelve month high of $306.98. The company has a current ratio of 1.13, a quick ratio of 0.78 and a debt-to-equity ratio of 0.57. The company has a 50-day simple moving average of $288.63 and a 200 day simple moving average of $249.71.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data 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 business had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.43 billion. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.82 earnings per share. Research analysts forecast that Trane Technologies plc will post 10.2 EPS for the current year.

Trane Technologies Dividend Announcement

The firm also recently disclosed 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. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Thursday, June 6th. Trane Technologies’s dividend payout ratio is currently 38.23%.

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.