Aurora Private Wealth Inc. Acquires New Position in Trane Technologies plc (NYSE:TT)

Aurora Private Wealth Inc. acquired a new stake in Trane Technologies plc (NYSE:TTGet Rating) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,000 shares of the company’s stock, valued at approximately $202,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Meridian Wealth Advisors LLC increased its holdings in Trane Technologies by 9.0% in the fourth quarter. Meridian Wealth Advisors LLC now owns 12,956 shares of the company’s stock valued at $2,617,000 after buying an additional 1,066 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Trane Technologies by 1.0% during the fourth quarter. Fifth Third Bancorp now owns 11,749 shares of the company’s stock valued at $2,374,000 after purchasing an additional 114 shares during the last quarter. AGF Investments Inc. grew its holdings in shares of Trane Technologies by 6.0% during the fourth quarter. AGF Investments Inc. now owns 32,170 shares of the company’s stock valued at $6,499,000 after purchasing an additional 1,810 shares during the last quarter. Pinnacle Financial Partners Inc. grew its holdings in shares of Trane Technologies by 860.1% during the fourth quarter. Pinnacle Financial Partners Inc. now owns 2,285 shares of the company’s stock valued at $462,000 after purchasing an additional 2,047 shares during the last quarter. Finally, FDx Advisors Inc. grew its holdings in shares of Trane Technologies by 44.8% during the fourth quarter. FDx Advisors Inc. now owns 5,109 shares of the company’s stock valued at $1,032,000 after purchasing an additional 1,581 shares during the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

In other Trane Technologies news, SVP Keith A. Sultana sold 3,520 shares of the business’s stock in a transaction on Friday, February 4th. The shares were sold at an average price of $160.05, for a total transaction of $563,376.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Keith A. Sultana sold 5,885 shares of the business’s stock in a transaction on Tuesday, February 8th. The shares were sold at an average price of $160.00, for a total transaction of $941,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 14,424 shares of company stock valued at $2,295,970 in the last quarter. Insiders own 0.74% of the company’s stock.

TT traded down $2.57 during trading on Friday, reaching $149.80. The stock had a trading volume of 1,014,249 shares, compared to its average volume of 1,437,594. Trane Technologies plc has a 1-year low of $142.53 and a 1-year high of $207.06. The stock has a 50 day moving average of $154.36 and a two-hundred day moving average of $175.25. The firm has a market capitalization of $34.98 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 1.14 and a beta of 1.03. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 0.72.

Trane Technologies (NYSE:TTGet Rating) last announced its quarterly earnings data on Monday, January 31st. The company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.05. Trane Technologies had a return on equity of 23.09% and a net margin of 10.07%. The company had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, research analysts forecast that Trane Technologies plc will post 7.04 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Friday, June 3rd will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, June 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.79%. Trane Technologies’s dividend payout ratio (DPR) is presently 45.58%.

Several research firms have recently commented on TT. Mizuho lowered their target price on Trane Technologies from $205.00 to $180.00 and set a “neutral” rating for the company in a report on Tuesday, February 1st. Morgan Stanley lowered their target price on Trane Technologies from $217.00 to $213.00 and set an “overweight” rating for the company in a report on Friday, January 14th. Wolfe Research decreased their price objective on Trane Technologies from $210.00 to $202.00 and set a “peer perform” rating for the company in a report on Tuesday, February 1st. Wells Fargo & Company decreased their price objective on Trane Technologies from $185.00 to $174.00 and set an “underweight” rating for the company in a report on Tuesday, February 1st. Finally, Citigroup decreased their price objective on Trane Technologies from $242.00 to $228.00 and set a “buy” rating for the company in a report on Tuesday, February 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $196.25.

Trane Technologies Profile (Get Rating)

Trane Technologies plc, together with its subsidiaries, engages in the designing, manufacturing, selling, and servicing of solutions for heating, ventilation, air conditioning, and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation products; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality assessments and related products; large and light commercial unitary products; motor replacements; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.

Further Reading

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

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