823 Shares in Trane Technologies plc (NYSE:TT) Purchased by Arkadios Wealth Advisors

Arkadios Wealth Advisors acquired a new position in shares of Trane Technologies plc (NYSE:TT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 823 shares of the company’s stock, valued at approximately $271,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Motco purchased a new position in Trane Technologies during the fourth quarter valued at approximately $27,000. Sachetta LLC purchased a new position in shares of Trane Technologies during the 4th quarter valued at $27,000. GoalVest Advisory LLC increased its stake in shares of Trane Technologies by 157.1% in the first quarter. GoalVest Advisory LLC now owns 90 shares of the company’s stock worth $27,000 after acquiring an additional 55 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Trane Technologies during the first quarter worth $27,000. Finally, BOK Financial Private Wealth Inc. acquired a new stake in Trane Technologies during the first quarter valued at $30,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

TT has been the subject of a number of recent research reports. UBS Group raised their price target on Trane Technologies from $330.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, June 3rd. Royal Bank of Canada lifted their target price on shares of Trane Technologies from $334.00 to $350.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. Barclays boosted their target price on shares of Trane Technologies from $385.00 to $394.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Robert W. Baird raised their price target on shares of Trane Technologies from $360.00 to $365.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, Wells Fargo & Company lifted their price objective on shares of Trane Technologies from $310.00 to $315.00 and gave the company an “underweight” rating in a research note on Thursday, August 1st. One 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, Trane Technologies has a consensus rating of “Hold” and an average target price of $323.29.

Insider Activity at Trane Technologies

In other Trane Technologies news, EVP Raymond D. Pittard sold 1,805 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $328.65, for a total value of $593,213.25. Following the sale, the executive vice president now directly owns 83,517 shares in the company, valued at approximately $27,447,862.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Christopher J. Kuehn sold 4,000 shares of the company’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 directly owns 61,293 shares in the company, valued at $19,532,240.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Raymond D. Pittard sold 1,805 shares of Trane Technologies stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $328.65, for a total transaction of $593,213.25. Following the sale, the executive vice president now owns 83,517 shares in the company, valued at approximately $27,447,862.05. The disclosure for this sale can be found here. Insiders sold a total of 44,243 shares of company stock worth $14,216,550 in the last ninety days. 0.38% of the stock is currently owned by insiders.

Trane Technologies Stock Up 1.9 %

TT stock opened at $361.66 on Friday. The stock has a market capitalization of $81.86 billion, a price-to-earnings ratio of 38.64, a price-to-earnings-growth ratio of 2.50 and a beta of 1.01. The company has a 50-day moving average of $336.45 and a two-hundred day moving average of $316.45. Trane Technologies plc has a 52-week low of $184.02 and a 52-week high of $362.43. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.17 and a quick ratio of 0.74.

Trane Technologies (NYSE:TT) last announced its earnings results on Wednesday, July 31st. The company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.22. The firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.13 billion. Trane Technologies had a return on equity of 33.97% and a net margin of 12.33%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.68 EPS. As a group, equities research analysts anticipate that Trane Technologies plc will post 10.83 EPS for the current year.

Trane Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Friday, September 6th. Trane Technologies’s dividend payout ratio (DPR) is currently 35.90%.

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.