Kowal Investment Group LLC Invests $230,000 in Trane Technologies plc (NYSE:TT)

Kowal Investment Group LLC bought a new position in Trane Technologies plc (NYSE:TT) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 767 shares of the company’s stock, valued at approximately $230,000.

A number of other hedge funds also recently made changes to their positions in the company. Diversified Trust Co lifted its position in shares of Trane Technologies by 27.4% in the first quarter. Diversified Trust Co now owns 2,898 shares of the company’s stock worth $870,000 after buying an additional 624 shares in the last quarter. Griffin Asset Management Inc. purchased a new stake in Trane Technologies during the first quarter valued at approximately $766,000. Hennion & Walsh Asset Management Inc. raised its position in Trane Technologies by 10.2% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 24,577 shares of the company’s stock valued at $7,378,000 after purchasing an additional 2,274 shares during the period. Noble Family Wealth LLC purchased a new stake in Trane Technologies during the first quarter valued at approximately $242,000. Finally, OneAscent Financial Services LLC raised its position in Trane Technologies by 18.9% during the first quarter. OneAscent Financial Services LLC now owns 4,014 shares of the company’s stock valued at $1,208,000 after purchasing an additional 637 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TT shares. JPMorgan Chase & Co. upped their price objective on Trane Technologies from $247.00 to $300.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Robert W. Baird upped their target price on Trane Technologies from $315.00 to $344.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Citigroup upped their target price on Trane Technologies from $355.00 to $366.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. UBS Group upped their target price on Trane Technologies from $330.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, June 3rd. Finally, TD Cowen upped their target price on Trane Technologies from $325.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $309.79.

Insider Buying and Selling

In related news, CFO Christopher J. Kuehn sold 4,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $318.67, for a total value of $1,274,680.00. Following the completion of the transaction, the chief financial officer now owns 61,293 shares in the company, valued at approximately $19,532,240.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Trane Technologies news, SVP Evan M. Turtz sold 8,988 shares of Trane Technologies stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $321.30, for a total transaction of $2,887,844.40. Following the completion of the transaction, the senior vice president now owns 20,758 shares in the company, valued at approximately $6,669,545.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Christopher J. Kuehn sold 4,000 shares of Trane Technologies stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $318.67, for a total value of $1,274,680.00. Following the transaction, the chief financial officer now owns 61,293 shares of the company’s stock, valued at approximately $19,532,240.31. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.

Trane Technologies Stock Performance

Shares of TT opened at $321.24 on Tuesday. Trane Technologies plc has a 12 month low of $184.02 and a 12 month high of $345.46. The stock has a fifty day moving average price of $325.86 and a 200-day moving average price of $291.01. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 0.58. The firm has a market cap of $72.71 billion, a PE ratio of 34.32, a P/E/G ratio of 2.55 and a beta of 1.01.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.64 by $0.30. Trane Technologies had a return on equity of 32.78% and a net margin of 11.81%. The firm had revenue of $4.22 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the prior year, the business posted $1.41 EPS. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. Equities research analysts predict that Trane Technologies plc will post 10.48 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a $0.84 dividend. The ex-dividend date is Friday, September 6th. This represents a $3.36 dividend on an annualized basis and a yield of 1.05%. Trane Technologies’s dividend payout ratio (DPR) is 35.90%.

About Trane Technologies

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.