PharVision Advisers LLC Takes $430,000 Position in Trane Technologies plc (NYSE:TT)

PharVision Advisers LLC bought a new position in shares of Trane Technologies plc (NYSE:TT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,164 shares of the company’s stock, valued at approximately $430,000.

Other institutional investors also recently bought and sold shares of the company. Minot DeBlois Advisors LLC purchased a new position in shares of Trane Technologies during the 4th quarter valued at approximately $26,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Trane Technologies during the fourth quarter valued at $28,000. Sound Income Strategies LLC increased its holdings in Trane Technologies by 1,314.3% in the fourth quarter. Sound Income Strategies LLC now owns 99 shares of the company’s stock valued at $37,000 after buying an additional 92 shares in the last quarter. Flagship Wealth Advisors LLC purchased a new position in Trane Technologies in the fourth quarter valued at $37,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Trane Technologies in the fourth quarter worth about $39,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Trane Technologies Price Performance

Shares of NYSE TT opened at $429.78 on Wednesday. The firm has a 50-day simple moving average of $361.71 and a 200-day simple moving average of $374.22. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $95.85 billion, a price-to-earnings ratio of 38.20, a price-to-earnings-growth ratio of 2.50 and a beta of 1.14. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $431.69.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.25. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. The company had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the prior year, the firm earned $1.94 EPS. Trane Technologies’s quarterly revenue was up 11.2% on a year-over-year basis. On average, equities analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Friday, June 6th. Trane Technologies’s dividend payout ratio (DPR) is currently 31.28%.

Insider Buying and Selling at Trane Technologies

In other news, insider Donald E. Simmons sold 3,571 shares of the business’s stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $380.00, for a total transaction of $1,356,980.00. Following the transaction, the insider now owns 3,593 shares of the company’s stock, valued at approximately $1,365,340. The trade was a 49.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.38% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Royal Bank of Canada raised their target price on Trane Technologies from $363.00 to $408.00 and gave the company a “sector perform” rating in a research report on Thursday, May 1st. HSBC raised Trane Technologies from a “hold” rating to a “buy” rating and raised their price objective for the company from $405.00 to $415.00 in a report on Friday, April 25th. Melius cut Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 price objective for the company. in a research report on Tuesday, January 28th. Hsbc Global Res upgraded Trane Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. Finally, Robert W. Baird boosted their price target on shares of Trane Technologies from $360.00 to $396.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $425.47.

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.