Great Valley Advisor Group Inc. Buys New Shares in Trane Technologies plc (NYSE:TT)

Great Valley Advisor Group Inc. purchased a new position in Trane Technologies plc (NYSE:TT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 835 shares of the company’s stock, valued at approximately $203,000.

Other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in shares of Trane Technologies by 4.6% in the fourth quarter. Victory Capital Management Inc. now owns 179,510 shares of the company’s stock worth $43,782,000 after purchasing an additional 7,874 shares during the last quarter. Berry Wealth Group LP bought a new position in shares of Trane Technologies during the fourth quarter valued at about $647,000. Savant Capital LLC boosted its holdings in shares of Trane Technologies by 70.5% during the fourth quarter. Savant Capital LLC now owns 5,383 shares of the company’s stock worth $1,313,000 after purchasing an additional 2,226 shares during the period. Mission Wealth Management LP grew its stake in shares of Trane Technologies by 9.7% in the fourth quarter. Mission Wealth Management LP now owns 1,857 shares of the company’s stock worth $453,000 after purchasing an additional 164 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. increased its holdings in Trane Technologies by 7.5% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 3,868 shares of the company’s stock valued at $943,000 after purchasing an additional 270 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Trane Technologies Stock Performance

TT stock opened at $325.89 on Wednesday. The stock has a market capitalization of $73.77 billion, a PE ratio of 34.82, a price-to-earnings-growth ratio of 2.54 and a beta of 1.01. The stock’s 50 day simple moving average is $296.65 and its 200 day simple moving average is $259.66. Trane Technologies plc has a 12-month low of $162.04 and a 12-month high of $327.47. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 0.58.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.64 by $0.30. The company had revenue of $4.22 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the company earned $1.41 EPS. As a group, research analysts forecast that Trane Technologies plc will post 10.48 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Thursday, June 6th. This represents a $3.36 dividend on an annualized basis and a yield of 1.03%. Trane Technologies’s dividend payout ratio (DPR) is 35.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Stephens lifted their price objective on Trane Technologies from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 1st. Robert W. Baird boosted their price objective on shares of Trane Technologies from $315.00 to $344.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Citigroup raised their target price on shares of Trane Technologies from $355.00 to $366.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Barclays boosted their price target on shares of Trane Technologies from $286.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Mizuho raised their price objective on shares of Trane Technologies from $280.00 to $325.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Trane Technologies currently has an average rating of “Hold” and a consensus price target of $300.54.

Insider Buying and Selling

In other news, SVP Keith A. Sultana sold 1,983 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $272.26, for a total value of $539,891.58. Following the transaction, the senior vice president now directly owns 42,575 shares in the company, valued at approximately $11,591,469.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, SVP Keith A. Sultana sold 1,983 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $272.26, for a total value of $539,891.58. Following the transaction, the senior vice president now owns 42,575 shares of the company’s stock, valued at $11,591,469.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Paul A. Camuti sold 508 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $273.34, for a total value of $138,856.72. Following the completion of the sale, the executive vice president now owns 89,447 shares of the company’s stock, valued at $24,449,442.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,237 shares of company stock worth $8,024,534. 0.39% of the stock is owned by insiders.

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.