Center for Financial Planning Inc. Buys 63 Shares of Trane Technologies plc (NYSE:TT)

Center for Financial Planning Inc. boosted its position in shares of Trane Technologies plc (NYSE:TT) by 3.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,183 shares of the company’s stock after acquiring an additional 63 shares during the period. Center for Financial Planning Inc.’s holdings in Trane Technologies were worth $735,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TT. Canton Hathaway LLC increased its position in shares of Trane Technologies by 1,056.9% during the first quarter. Canton Hathaway LLC now owns 1,423 shares of the company’s stock valued at $479,000 after purchasing an additional 1,300 shares during the period. Suncoast Equity Management bought a new stake in Trane Technologies in the 1st quarter valued at $2,109,000. Monte Financial Group LLC raised its stake in shares of Trane Technologies by 9.1% in the 1st quarter. Monte Financial Group LLC now owns 3,258 shares of the company’s stock valued at $1,085,000 after buying an additional 273 shares in the last quarter. Stonegate Investment Group LLC lifted its holdings in shares of Trane Technologies by 0.8% during the 1st quarter. Stonegate Investment Group LLC now owns 15,505 shares of the company’s stock worth $5,224,000 after acquiring an additional 127 shares during the period. Finally, Carr Financial Group Corp boosted its position in shares of Trane Technologies by 27.4% during the 1st quarter. Carr Financial Group Corp now owns 706 shares of the company’s stock valued at $238,000 after acquiring an additional 152 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Trane Technologies from $330.00 to $370.00 and gave the stock an “underweight” rating in a research report on Thursday, May 1st. Citigroup increased their target price on Trane Technologies from $415.00 to $445.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Hsbc Global Res upgraded Trane Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. Stephens upgraded Trane Technologies from an “equal weight” rating to an “overweight” rating and set a $475.00 price objective for the company in a research note on Thursday, May 1st. Finally, Barclays reduced their target price on shares of Trane Technologies from $500.00 to $475.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $427.47.

Trane Technologies Stock Down 0.1%

Shares of TT opened at $419.25 on Friday. The business’s fifty day moving average price is $401.13 and its two-hundred day moving average price is $376.94. The firm has a market capitalization of $93.50 billion, a price-to-earnings ratio of 34.88, a PEG ratio of 2.76 and a beta of 1.16. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $436.61. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.74 and a current ratio of 1.09.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.25. The business had revenue of $4.69 billion for the quarter, compared to analysts’ expectations of $4.46 billion. Trane Technologies had a return on equity of 36.10% and a net margin of 13.47%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.94 earnings per share. On average, analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $0.94 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.76 dividend on an annualized basis and a yield of 0.90%. Trane Technologies’s payout ratio is presently 31.28%.

Insiders Place Their Bets

In other news, insider Donald E. Simmons sold 3,571 shares of the stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $380.00, for a total value of $1,356,980.00. Following the transaction, the insider now owns 3,593 shares of the company’s stock, valued at $1,365,340. This represents a 49.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.38% of the company’s stock.

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.