Brophy Wealth Management LLC Buys New Holdings in Trane Technologies plc (NYSE:TT)

Brophy Wealth Management LLC bought a new position in Trane Technologies plc (NYSE:TT - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,530 shares of the company's stock, valued at approximately $1,372,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Albar Capital Ltd purchased a new stake in Trane Technologies in the second quarter worth $14,556,000. GDS Wealth Management boosted its position in shares of Trane Technologies by 4.3% during the third quarter. GDS Wealth Management now owns 51,767 shares of the company's stock valued at $20,123,000 after buying an additional 2,124 shares during the last quarter. King Wealth Management Group purchased a new stake in shares of Trane Technologies during the third quarter valued at $1,879,000. Gradient Investments LLC boosted its position in shares of Trane Technologies by 7,988.0% during the second quarter. Gradient Investments LLC now owns 2,022 shares of the company's stock valued at $665,000 after buying an additional 1,997 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Trane Technologies by 95.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 64,969 shares of the company's stock worth $21,370,000 after purchasing an additional 31,756 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Insider Activity at Trane Technologies

In related news, SVP Mairead Magner sold 4,329 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total transaction of $1,800,864.00. Following the transaction, the senior vice president now directly owns 12,893 shares of the company's stock, valued at $5,363,488. This represents a 25.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.38% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. UBS Group initiated coverage on Trane Technologies in a research report on Wednesday, November 13th. They set a "buy" rating and a $500.00 price objective on the stock. Citigroup lifted their price objective on Trane Technologies from $457.00 to $478.00 and gave the stock a "buy" rating in a research note on Monday. Robert W. Baird reduced their price objective 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. Northcoast Research assumed coverage on Trane Technologies in a research report on Friday, November 22nd. They set a "buy" rating and a $500.00 target price on the stock. Finally, The Goldman Sachs Group boosted their target price on Trane Technologies from $364.00 to $407.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $409.93.

Trane Technologies Stock Down 1.1 %

Shares of TT traded down $4.22 during trading hours on Tuesday, hitting $397.42. The company had a trading volume of 1,267,018 shares, compared to its average volume of 1,119,325. The company has a market capitalization of $89.43 billion, a PE ratio of 37.09, a price-to-earnings-growth ratio of 2.50 and a beta of 1.03. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57. Trane Technologies plc has a one year low of $233.76 and a one year high of $422.00. The company's fifty day moving average price is $401.12 and its two-hundred day moving average price is $362.93.

Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, topping the consensus estimate of $3.23 by $0.14. The firm had revenue of $5.44 billion during the quarter, compared to analyst estimates of $5.32 billion. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.79 EPS. As a group, equities analysts forecast that Trane Technologies plc will post 11.13 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be given a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Friday, December 6th. Trane Technologies's payout ratio is 31.17%.

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.