Trane Technologies plc (NYSE:TT) Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its stake in Trane Technologies plc (NYSE:TTFree Report) by 184.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 443 shares of the company’s stock after buying an additional 287 shares during the quarter. Jones Financial Companies Lllp’s holdings in Trane Technologies were worth $108,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Keel Point LLC boosted its holdings in Trane Technologies by 3.0% in the fourth quarter. Keel Point LLC now owns 1,326 shares of the company’s stock valued at $323,000 after purchasing an additional 39 shares during the last quarter. Rosenberg Matthew Hamilton boosted its stake in shares of Trane Technologies by 27.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 192 shares of the company’s stock valued at $47,000 after buying an additional 41 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Trane Technologies by 2.3% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,847 shares of the company’s stock worth $450,000 after buying an additional 42 shares in the last quarter. Level Four Advisory Services LLC increased its stake in shares of Trane Technologies by 1.5% in the fourth quarter. Level Four Advisory Services LLC now owns 2,757 shares of the company’s stock worth $672,000 after buying an additional 42 shares during the last quarter. Finally, Cedrus LLC raised its holdings in Trane Technologies by 2.6% in the fourth quarter. Cedrus LLC now owns 1,669 shares of the company’s stock valued at $407,000 after acquiring an additional 43 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Robert W. Baird boosted their target price on shares of Trane Technologies from $315.00 to $344.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Mizuho boosted their price objective on Trane Technologies from $280.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Stephens increased their target price on Trane Technologies from $310.00 to $320.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. Barclays boosted their price target on Trane Technologies from $354.00 to $380.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, The Goldman Sachs Group raised their price objective on Trane Technologies from $287.00 to $326.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $309.79.

Read Our Latest Stock Analysis on Trane Technologies

Trane Technologies Trading Up 1.2 %

Shares of NYSE:TT opened at $323.26 on Thursday. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 0.58. The company’s 50-day moving average price is $313.49 and its 200 day moving average price is $277.81. The company has a market cap of $73.17 billion, a PE ratio of 34.54, a P/E/G ratio of 2.54 and a beta of 1.01. Trane Technologies plc has a fifty-two week low of $171.63 and a fifty-two week high of $338.09.

Trane Technologies (NYSE:TTGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. Trane Technologies had a return on equity of 32.78% and a net margin of 11.81%. The company had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the previous year, the company posted $1.41 earnings per share. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. Sell-side analysts anticipate that Trane Technologies plc will post 10.46 earnings per share for the current year.

Trane Technologies Dividend Announcement

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 paid a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Friday, June 7th. 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.

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

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