J.W. Cole Advisors Inc. Purchases 191 Shares of Trane Technologies plc (NYSE:TT)

J.W. Cole Advisors Inc. raised its position in Trane Technologies plc (NYSE:TT) by 14.4% in the 4th quarter, Holdings Channel reports. The firm owned 1,519 shares of the company’s stock after buying an additional 191 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Trane Technologies were worth $370,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TT. BKM Wealth Management LLC bought a new stake in shares of Trane Technologies during the 4th quarter worth $25,000. Venturi Wealth Management LLC lifted its holdings in shares of Trane Technologies by 139.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 151 shares of the company’s stock worth $31,000 after acquiring an additional 88 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Trane Technologies by 58.0% during the 3rd quarter. Avior Wealth Management LLC now owns 177 shares of the company’s stock worth $36,000 after acquiring an additional 65 shares during the last quarter. Ancora Advisors LLC bought a new stake in shares of Trane Technologies during the 3rd quarter worth $40,000. Finally, Rosenberg Matthew Hamilton lifted its holdings in shares of Trane Technologies by 27.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 192 shares of the company’s stock worth $47,000 after acquiring an additional 41 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Insider Activity at Trane Technologies

In related news, SVP Keith A. Sultana sold 1,637 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $267.74, for a total transaction of $438,290.38. Following the transaction, the senior vice president now owns 42,374 shares in the company, valued at $11,345,214.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Keith A. Sultana sold 1,637 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $267.74, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Christopher J. Kuehn sold 2,767 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $268.31, for a total transaction of $742,413.77. Following the sale, the chief financial officer now directly owns 54,788 shares in the company, valued at approximately $14,700,168.28. The disclosure for this sale can be found here. Insiders have sold 29,874 shares of company stock worth $8,462,825 over the last 90 days. 0.39% of the stock is owned by company insiders.

Trane Technologies Price Performance

TT stock opened at $296.49 on Thursday. The firm’s 50-day moving average price is $291.04 and its two-hundred day moving average price is $253.23. Trane Technologies plc has a 12-month low of $162.04 and a 12-month high of $306.98. The stock has a market capitalization of $67.32 billion, a price-to-earnings ratio of 33.73, a PEG ratio of 2.49 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 (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. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. The company had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.43 billion. During the same quarter in the previous year, the company earned $1.82 earnings per share. Trane Technologies’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities analysts predict that Trane Technologies plc will post 10.2 earnings per share for the current year.

Trane Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, June 6th. Trane Technologies’s dividend payout ratio is currently 38.23%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TT shares. Stephens lifted their price objective on shares of Trane Technologies from $235.00 to $280.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Royal Bank of Canada boosted their price target on shares of Trane Technologies from $231.00 to $246.00 and gave the stock a “sector perform” rating in a research note on Friday, February 2nd. The Goldman Sachs Group boosted their price target on shares of Trane Technologies from $253.00 to $287.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Citigroup boosted their price target on shares of Trane Technologies from $309.00 to $355.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Finally, Barclays boosted their price target on shares of Trane Technologies from $286.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $251.83.

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.