Ridgewood Investments LLC acquired a new stake in shares of Trane Technologies plc (NYSE:TT – Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 324 shares of the company’s stock, valued at approximately $60,000.
Several other institutional investors have also bought and sold shares of TT. Catalyst Financial Partners LLC boosted its holdings in shares of Trane Technologies by 3.9% in the first quarter. Catalyst Financial Partners LLC now owns 1,586 shares of the company’s stock valued at $292,000 after buying an additional 59 shares during the period. CVA Family Office LLC raised its stake in shares of Trane Technologies by 11.3% in the 3rd quarter. CVA Family Office LLC now owns 590 shares of the company’s stock valued at $85,000 after purchasing an additional 60 shares during the period. Buckley Wealth Management LLC lifted its holdings in shares of Trane Technologies by 1.4% in the fourth quarter. Buckley Wealth Management LLC now owns 4,814 shares of the company’s stock valued at $809,000 after purchasing an additional 65 shares in the last quarter. Trust Co. of Vermont grew its holdings in shares of Trane Technologies by 11.8% during the fourth quarter. Trust Co. of Vermont now owns 642 shares of the company’s stock worth $108,000 after buying an additional 68 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in Trane Technologies by 1.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 7,062 shares of the company’s stock valued at $1,187,000 after buying an additional 74 shares during the last quarter. Institutional investors and hedge funds own 81.23% of the company’s stock.
Trane Technologies Price Performance
TT opened at $193.60 on Tuesday. Trane Technologies plc has a 12-month low of $125.26 and a 12-month high of $196.22. The company has a market cap of $44.15 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 2.03 and a beta of 1.03. The stock has a fifty day simple moving average of $179.22 and a two-hundred day simple moving average of $179.43. The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 0.74.
Trane Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.55%. Trane Technologies’s dividend payout ratio is 38.86%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Trane Technologies from $172.00 to $181.00 in a report on Monday. Robert W. Baird decreased their target price on shares of Trane Technologies from $200.00 to $192.00 in a research note on Thursday, May 4th. The Goldman Sachs Group cut their price objective on Trane Technologies from $203.00 to $178.00 and set a “neutral” rating for the company in a research report on Friday, April 14th. Barclays raised their price objective on shares of Trane Technologies from $201.00 to $210.00 in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Trane Technologies from $184.00 to $183.00 and set a “hold” rating for the company in a research note on Wednesday, April 12th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $184.47.
About Trane Technologies
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.
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