Trane Technologies plc (NYSE:TT) Stock Holdings Increased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. boosted its stake in shares of Trane Technologies plc (NYSE:TTFree Report) by 4.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,009 shares of the company’s stock after purchasing an additional 366 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Trane Technologies were worth $1,953,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. BKM Wealth Management LLC purchased a new position in shares of Trane Technologies during the 4th quarter valued at $25,000. Motco purchased a new position in Trane Technologies in the fourth quarter valued at about $27,000. Sachetta LLC acquired a new position in Trane Technologies in the 4th quarter worth about $27,000. Ancora Advisors LLC purchased a new stake in shares of Trane Technologies during the 3rd quarter worth about $40,000. Finally, Gables Capital Management Inc. lifted its holdings in shares of Trane Technologies by 68.2% during the 4th quarter. Gables Capital Management Inc. now owns 185 shares of the company’s stock valued at $45,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Mizuho raised their price objective on shares of Trane Technologies from $280.00 to $325.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. raised their price target on shares of Trane Technologies from $247.00 to $300.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. The Goldman Sachs Group upped their price objective on shares of Trane Technologies from $287.00 to $326.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Stephens raised their target price on Trane Technologies from $310.00 to $320.00 and gave the company an “equal weight” rating in a report on Wednesday, May 1st. Finally, Wells Fargo & Company upped their price target on Trane Technologies from $281.00 to $295.00 and gave the stock an “underweight” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $309.79.

Read Our Latest Research Report on Trane Technologies

Trane Technologies Stock Performance

NYSE TT opened at $319.43 on Wednesday. The company’s fifty day moving average is $313.02 and its two-hundred day moving average is $277.49. The firm has a market capitalization of $72.30 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 2.61 and a beta of 1.01. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.13 and a quick ratio of 0.74. Trane Technologies plc has a 52-week low of $171.63 and a 52-week high of $338.09.

Trane Technologies (NYSE:TTGet Free Report) last released its earnings results on Tuesday, April 30th. The company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. The business had revenue of $4.22 billion for 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%. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period last year, the business earned $1.41 earnings per share. Equities research analysts forecast that Trane Technologies plc will post 10.46 EPS for the current year.

Trane Technologies Dividend Announcement

The firm 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 dividend of $0.84 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.36 dividend on an annualized basis and a yield of 1.05%. Trane Technologies’s dividend payout ratio is currently 35.90%.

About Trane Technologies

(Free Report)

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.

Further Reading

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

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