Everpar Advisors LLC Makes New Investment in Trane Technologies plc (NYSE:TT)

Everpar Advisors LLC purchased a new position in Trane Technologies plc (NYSE:TT) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 1,987 shares of the company’s stock, valued at approximately $485,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. BKM Wealth Management LLC acquired a new position in shares of Trane Technologies in the 4th quarter valued at about $25,000. Venturi Wealth Management LLC lifted its stake in shares of Trane Technologies by 139.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 151 shares of the company’s stock valued at $31,000 after purchasing an additional 88 shares in the last quarter. Rosenberg Matthew Hamilton lifted its stake in shares of Trane Technologies by 27.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 192 shares of the company’s stock valued at $47,000 after purchasing an additional 41 shares in the last quarter. Ancora Advisors LLC acquired a new position in shares of Trane Technologies in the 3rd quarter valued at about $40,000. Finally, Operose Advisors LLC acquired a new position in shares of Trane Technologies in the 3rd quarter valued at about $53,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Stock Up 0.0 %

Shares of TT stock traded up $0.15 during trading hours on Tuesday, hitting $325.89. 790,439 shares of the company were exchanged, compared to its average volume of 1,026,853. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.74 and a current ratio of 1.13. The business’s 50-day simple moving average is $296.65 and its two-hundred day simple moving average is $259.66. Trane Technologies plc has a one year low of $162.04 and a one year high of $327.47. The stock has a market capitalization of $73.77 billion, a price-to-earnings ratio of 34.82, a P/E/G ratio of 2.54 and a beta of 1.01.

Trane Technologies (NYSE:TT) last issued its earnings results on Tuesday, April 30th. The company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.30. Trane Technologies had a net margin of 11.81% and a return on equity of 32.78%. The firm had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter last year, the company posted $1.41 earnings per share. Trane Technologies’s revenue was up 15.0% on a year-over-year basis. Sell-side analysts predict that Trane Technologies plc will post 10.48 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a $0.84 dividend. The ex-dividend date is Thursday, June 6th. This represents a $3.36 dividend on an annualized basis and a yield of 1.03%. Trane Technologies’s dividend payout ratio is currently 35.90%.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, CFO Christopher J. Kuehn sold 2,767 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $268.31, for a total value of $742,413.77. Following the sale, the chief financial officer now owns 54,788 shares in the company, valued at $14,700,168.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Trane Technologies news, SVP Keith A. Sultana sold 1,983 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $272.26, for a total transaction of $539,891.58. Following the completion of the transaction, the senior vice president now directly owns 42,575 shares of the company’s stock, valued at approximately $11,591,469.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Christopher J. Kuehn sold 2,767 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $268.31, for a total value of $742,413.77. Following the completion of the sale, the chief financial officer now directly owns 54,788 shares in the company, valued at approximately $14,700,168.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,237 shares of company stock worth $8,024,534. 0.39% of the stock is owned by company insiders.

Analyst Ratings Changes

TT has been the topic of several recent research reports. Barclays boosted their price target on Trane Technologies from $286.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. The Goldman Sachs Group boosted their target price on shares of Trane Technologies from $287.00 to $326.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Royal Bank of Canada raised their price target on shares of Trane Technologies from $231.00 to $246.00 and gave the company a “sector perform” rating in a report on Friday, February 2nd. Mizuho boosted their price objective on shares of Trane Technologies from $280.00 to $325.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Finally, Robert W. Baird raised their target price on Trane Technologies from $315.00 to $344.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Trane Technologies presently has an average rating of “Hold” and an average price target of $300.54.

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.