Resources Management Corp CT ADV Has $4.79 Million Stock Position in Trane Technologies plc $TT

Resources Management Corp CT ADV raised its stake in shares of Trane Technologies plc (NYSE:TT) by 225.4% during the fourth quarter, Holdings Channel reports. The firm owned 12,318 shares of the company’s stock after buying an additional 8,533 shares during the period. Resources Management Corp CT ADV’s holdings in Trane Technologies were worth $4,794,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Tucker Asset Management LLC acquired a new stake in Trane Technologies during the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC acquired a new stake in Trane Technologies during the fourth quarter valued at approximately $32,000. JPL Wealth Management LLC acquired a new stake in Trane Technologies during the third quarter valued at approximately $32,000. Creative Financial Designs Inc. ADV boosted its holdings in Trane Technologies by 119.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 90 shares of the company’s stock valued at $35,000 after purchasing an additional 49 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in Trane Technologies during the third quarter valued at approximately $42,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TT has been the topic of a number of recent research reports. Royal Bank Of Canada lifted their price objective on Trane Technologies from $440.00 to $501.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. JPMorgan Chase & Co. boosted their target price on Trane Technologies from $460.00 to $476.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Evercore assumed coverage on Trane Technologies in a report on Monday, April 13th. They issued an “outperform” rating and a $535.00 target price on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a report on Monday, April 20th. Finally, Sanford C. Bernstein assumed coverage on Trane Technologies in a report on Tuesday, June 9th. They issued an “outperform” rating and a $550.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $509.12.

Trane Technologies Stock Down 0.1%

Shares of TT opened at $457.69 on Monday. The company has a market capitalization of $101.17 billion, a P/E ratio of 35.40, a PEG ratio of 2.11 and a beta of 1.20. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.10 and a quick ratio of 0.77. Trane Technologies plc has a one year low of $348.06 and a one year high of $503.47. The business’s 50 day simple moving average is $463.44 and its 200-day simple moving average is $433.30.

Trane Technologies (NYSE:TT) last announced its earnings results on Friday, May 1st. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.53 by $0.10. Trane Technologies had a return on equity of 35.55% and a net margin of 13.41%.The business had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the previous year, the business earned $2.45 EPS. Trane Technologies’s revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts predict that Trane Technologies plc will post 14.88 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, September 4th. Trane Technologies’s dividend payout ratio (DPR) is presently 32.48%.

Insiders Place Their Bets

In other Trane Technologies news, CFO Christopher J. Kuehn sold 8,619 shares of the stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $450.00, for a total value of $3,878,550.00. Following the transaction, the chief financial officer directly owned 60,576 shares in the company, valued at approximately $27,259,200. This trade represents a 12.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Donald E. Simmons sold 4,593 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $500.00, for a total value of $2,296,500.00. Following the completion of the transaction, the insider owned 3,819 shares in the company, valued at $1,909,500. The trade was a 54.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by company insiders.

About Trane Technologies

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.