Peterson Wealth Services Acquires 118 Shares of Trane Technologies plc (NYSE:TT)

Peterson Wealth Services grew its holdings in Trane Technologies plc (NYSE:TT) by 6.8% during the 4th quarter, HoldingsChannel reports. The firm owned 1,857 shares of the company’s stock after purchasing an additional 118 shares during the quarter. Peterson Wealth Services’ holdings in Trane Technologies were worth $686,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TT. CWM LLC boosted its position in Trane Technologies by 33.8% in the third quarter. CWM LLC now owns 8,675 shares of the company’s stock valued at $3,372,000 after buying an additional 2,192 shares in the last quarter. Ritholtz Wealth Management grew its position in Trane Technologies by 12.5% during the 3rd quarter. Ritholtz Wealth Management now owns 1,226 shares of the company’s stock worth $477,000 after acquiring an additional 136 shares during the last quarter. Procyon Advisors LLC increased its holdings in Trane Technologies by 4.0% in the 3rd quarter. Procyon Advisors LLC now owns 927 shares of the company’s stock worth $360,000 after purchasing an additional 36 shares in the last quarter. ORG Wealth Partners LLC bought a new position in Trane Technologies in the third quarter valued at about $130,000. Finally, Muirfield Wealth Advisors LLC boosted its stake in shares of Trane Technologies by 13.0% during the third quarter. Muirfield Wealth Advisors LLC now owns 1,061 shares of the company’s stock valued at $413,000 after purchasing an additional 122 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on TT shares. Hsbc Global Res downgraded Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Robert W. Baird dropped their price target on Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Royal Bank of Canada raised their price target on shares of Trane Technologies from $390.00 to $395.00 and gave the stock a “sector perform” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. boosted their price objective on Trane Technologies from $387.00 to $396.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Finally, UBS Group dropped their price objective on shares of Trane Technologies from $500.00 to $470.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $415.25.

Trane Technologies Stock Up 1.1 %

TT stock opened at $360.23 on Tuesday. The stock has a 50-day simple moving average of $383.65 and a two-hundred day simple moving average of $377.63. 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 firm has a market capitalization of $81.06 billion, a PE ratio of 32.02, a PEG ratio of 2.44 and a beta of 1.05. Trane Technologies plc has a twelve month low of $265.37 and a twelve month high of $422.00.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.09. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. On average, equities analysts predict that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a dividend of $0.94 per share. This is a boost from Trane Technologies’s previous quarterly dividend of $0.84. This represents a $3.76 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Friday, March 7th. Trane Technologies’s dividend payout ratio (DPR) is presently 29.87%.

Insiders Place Their Bets

In other Trane Technologies news, CEO David S. Regnery sold 2,754 shares of Trane Technologies stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $357.34, for a total value of $984,114.36. Following the transaction, the chief executive officer now directly owns 132,969 shares of the company’s stock, valued at $47,515,142.46. The trade was a 2.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mairead Magner sold 198 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $357.61, for a total transaction of $70,806.78. Following the completion of the transaction, the senior vice president now owns 13,401 shares in the company, valued at $4,792,331.61. This represents a 1.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,157 shares of company stock valued at $3,168,885. 0.38% of the stock is currently owned by corporate insiders.

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.