Avior Wealth Management LLC Has $203,000 Position in Trane Technologies plc (NYSE:TT)

Avior Wealth Management LLC lifted its holdings in shares of Trane Technologies plc (NYSE:TT) by 369.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 831 shares of the company’s stock after purchasing an additional 654 shares during the quarter. Avior Wealth Management LLC’s holdings in Trane Technologies were worth $203,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TT. Keel Point LLC boosted its stake in shares of Trane Technologies by 3.0% during the 4th quarter. Keel Point LLC now owns 1,326 shares of the company’s stock worth $323,000 after acquiring an additional 39 shares during the period. 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 worth $47,000 after acquiring an additional 41 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Trane Technologies by 2.3% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,847 shares of the company’s stock worth $450,000 after acquiring an additional 42 shares during the period. Cedrus LLC boosted its stake in shares of Trane Technologies by 2.6% during the 4th quarter. Cedrus LLC now owns 1,669 shares of the company’s stock worth $407,000 after acquiring an additional 43 shares during the period. Finally, Certuity LLC boosted its stake in shares of Trane Technologies by 3.1% during the 3rd quarter. Certuity LLC now owns 1,549 shares of the company’s stock worth $314,000 after acquiring an additional 46 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insiders Place Their Bets

In other Trane Technologies news, SVP Keith A. Sultana sold 1,637 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $267.74, for a total value of $438,290.38. Following the completion of the transaction, the senior vice president now owns 42,374 shares of the company’s stock, valued at approximately $11,345,214.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Trane Technologies news, CFO Christopher J. Kuehn sold 3,762 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $286.48, for a total value of $1,077,737.76. Following the sale, the chief financial officer now owns 61,691 shares in the company, valued at approximately $17,673,237.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Keith A. Sultana sold 1,637 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $267.74, for a total value of $438,290.38. Following the completion of the sale, the senior vice president now owns 42,374 shares in the company, valued at approximately $11,345,214.76. The disclosure for this sale can be found here. Insiders sold a total of 29,874 shares of company stock valued at $8,462,825 in the last 90 days. Corporate insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TT shares. Citigroup lifted their target price on Trane Technologies from $309.00 to $355.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Stephens boosted their price target on Trane Technologies from $235.00 to $280.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. The Goldman Sachs Group boosted their price target on Trane Technologies from $253.00 to $287.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. Barclays boosted their price target on Trane Technologies from $286.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Royal Bank of Canada boosted their price target on Trane Technologies from $231.00 to $246.00 and gave the company a “sector perform” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Trane Technologies currently has an average rating of “Hold” and a consensus target price of $251.83.

Trane Technologies Price Performance

Shares of NYSE TT opened at $288.27 on Friday. Trane Technologies plc has a fifty-two week low of $162.04 and a fifty-two week high of $306.98. The business has a fifty day moving average price of $289.67 and a two-hundred day moving average price of $250.91. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.13 and a quick ratio of 0.78. The stock has a market capitalization of $65.46 billion, a PE ratio of 32.80, a P/E/G ratio of 2.44 and a beta of 1.05.

Trane Technologies (NYSE:TT) last issued its earnings results on Thursday, February 1st. The company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.04. Trane Technologies had a return on equity of 32.01% and a net margin of 11.45%. The business had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.43 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts predict that Trane Technologies plc will post 10.2 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $3.36 dividend on an annualized basis and a yield of 1.17%. Trane Technologies’s payout ratio is presently 38.23%.

Trane Technologies Company 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.