Vermillion & White Wealth Management Group LLC Acquires Shares of 75 Trane Technologies plc (NYSE:TT)

Vermillion & White Wealth Management Group LLC acquired a new stake in Trane Technologies plc (NYSE:TT) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 75 shares of the company’s stock, valued at approximately $28,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management increased its stake in shares of Trane Technologies by 5.8% in the 4th quarter. Ritholtz Wealth Management now owns 1,297 shares of the company’s stock valued at $479,000 after purchasing an additional 71 shares during the last quarter. Procyon Advisors LLC increased its stake in shares of Trane Technologies by 8.6% in the 4th quarter. Procyon Advisors LLC now owns 1,007 shares of the company’s stock valued at $372,000 after purchasing an additional 80 shares during the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of Trane Technologies by 8.2% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 4,549 shares of the company’s stock valued at $1,680,000 after purchasing an additional 346 shares during the last quarter. Merit Financial Group LLC grew its position in Trane Technologies by 67.2% during the 4th quarter. Merit Financial Group LLC now owns 4,170 shares of the company’s stock worth $1,540,000 after acquiring an additional 1,676 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new position in Trane Technologies in the 4th quarter worth about $331,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TT. Barclays lowered their target price on Trane Technologies from $500.00 to $475.00 and set an “overweight” rating for the company in a report on Monday, March 10th. JPMorgan Chase & Co. upped their target price on Trane Technologies from $334.00 to $400.00 and gave the stock a “neutral” rating in a report on Friday. Melius cut Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 target price for the company. in a report on Tuesday, January 28th. Wells Fargo & Company upped their target price on Trane Technologies from $330.00 to $370.00 and gave the stock an “underweight” rating in a report on Thursday, May 1st. Finally, HSBC raised Trane Technologies from a “hold” rating to a “buy” rating and upped their target price for the stock from $405.00 to $415.00 in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $425.47.

Insider Transactions at Trane Technologies

In related news, insider Donald E. Simmons sold 3,571 shares of the firm’s stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $380.00, for a total transaction of $1,356,980.00. Following the completion of the transaction, the insider now owns 3,593 shares of the company’s stock, valued at $1,365,340. This trade represents a 49.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.38% of the company’s stock.

Trane Technologies Stock Up 1.6%

Shares of Trane Technologies stock opened at $429.20 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $429.40. The stock has a market capitalization of $95.72 billion, a price-to-earnings ratio of 38.15, a P/E/G ratio of 2.50 and a beta of 1.14. The company’s 50 day moving average price is $358.06 and its 200-day moving average price is $373.45.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.25. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. The business had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same quarter last year, the business posted $1.94 EPS. The business’s revenue was up 11.2% on a year-over-year basis. Equities research analysts forecast that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, June 6th. Trane Technologies’s dividend payout ratio is currently 31.28%.

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.