Trane Technologies plc (NYSE:TT) Stock Position Lifted by Cetera Advisor Networks LLC

Cetera Advisor Networks LLC boosted its stake in shares of Trane Technologies plc (NYSE:TTGet Rating) by 10.0% during the second quarter, HoldingsChannel.com reports. The firm owned 28,061 shares of the company’s stock after acquiring an additional 2,540 shares during the period. Cetera Advisor Networks LLC’s holdings in Trane Technologies were worth $3,645,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Apollon Wealth Management LLC grew its position in Trane Technologies by 38.5% during the second quarter. Apollon Wealth Management LLC now owns 3,206 shares of the company’s stock valued at $416,000 after purchasing an additional 891 shares in the last quarter. Perigon Wealth Management LLC purchased a new position in Trane Technologies during the second quarter valued at approximately $375,000. WealthShield Partners LLC grew its position in Trane Technologies by 14.8% during the second quarter. WealthShield Partners LLC now owns 10,623 shares of the company’s stock valued at $1,385,000 after purchasing an additional 1,368 shares in the last quarter. FORA Capital LLC grew its position in Trane Technologies by 59.7% during the second quarter. FORA Capital LLC now owns 11,296 shares of the company’s stock valued at $1,467,000 after purchasing an additional 4,224 shares in the last quarter. Finally, Atria Investments LLC grew its position in Trane Technologies by 5.9% during the second quarter. Atria Investments LLC now owns 35,979 shares of the company’s stock valued at $4,673,000 after purchasing an additional 2,001 shares in the last quarter. 80.25% of the stock is owned by hedge funds and other institutional investors.

Trane Technologies Price Performance

NYSE:TT opened at $179.35 on Thursday. The stock has a market cap of $41.31 billion, a P/E ratio of 25.92, a PEG ratio of 2.12 and a beta of 1.00. Trane Technologies plc has a one year low of $120.64 and a one year high of $204.23. The company has a fifty day moving average price of $157.09 and a 200 day moving average price of $147.14. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.14 and a quick ratio of 0.78.

Trane Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 2nd will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Thursday, December 1st. Trane Technologies’s dividend payout ratio is 38.73%.

Insider Activity

In other news, SVP Mairead Magner sold 1,000 shares of the stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $165.00, for a total value of $165,000.00. Following the completion of the transaction, the senior vice president now owns 11,079 shares in the company, valued at approximately $1,828,035. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wells Fargo & Company boosted their target price on shares of Trane Technologies from $123.00 to $133.00 and gave the stock an “underweight” rating in a research report on Thursday, August 4th. Argus boosted their target price on shares of Trane Technologies from $170.00 to $185.00 in a research report on Tuesday, November 8th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Trane Technologies from $151.00 to $155.00 and gave the stock a “hold” rating in a research report on Thursday, October 13th. The Goldman Sachs Group boosted their price objective on shares of Trane Technologies from $151.00 to $168.00 and gave the stock a “neutral” rating in a research note on Thursday, November 3rd. Finally, Mizuho boosted their price objective on shares of Trane Technologies from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Trane Technologies presently has a consensus rating of “Hold” and an average target price of $170.35.

About Trane Technologies

(Get Rating)

Trane Technologies plc, together with its subsidiaries, engages in the designing, manufacturing, selling, and servicing of solutions for heating, ventilation, air conditioning, and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation products; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality assessments and related products; large and light commercial unitary products; motor replacements; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.

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Institutional Ownership by Quarter for Trane Technologies (NYSE:TT)

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