Hennion & Walsh Asset Management Inc. Has $7.38 Million Holdings in Trane Technologies plc (NYSE:TT)

Hennion & Walsh Asset Management Inc. lifted its position in shares of Trane Technologies plc (NYSE:TT) by 10.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,577 shares of the company’s stock after purchasing an additional 2,274 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Trane Technologies were worth $7,378,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Noble Family Wealth LLC acquired a new stake in Trane Technologies in the 1st quarter valued at $242,000. OneAscent Financial Services LLC boosted its stake in Trane Technologies by 18.9% in the 1st quarter. OneAscent Financial Services LLC now owns 4,014 shares of the company’s stock valued at $1,208,000 after buying an additional 637 shares in the last quarter. OneAscent Wealth Management LLC boosted its stake in Trane Technologies by 12.8% in the 1st quarter. OneAscent Wealth Management LLC now owns 2,588 shares of the company’s stock valued at $779,000 after buying an additional 294 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Trane Technologies in the 1st quarter valued at $224,000. Finally, Register Financial Advisors LLC bought a new position in Trane Technologies in the 1st quarter valued at $177,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Buying and Selling

In related news, CFO Christopher J. Kuehn sold 4,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $318.67, for a total value of $1,274,680.00. Following the completion of the transaction, the chief financial officer now directly owns 61,293 shares of the company’s stock, valued at approximately $19,532,240.31. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Christopher J. Kuehn sold 4,000 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $318.67, for a total transaction of $1,274,680.00. Following the completion of the transaction, the chief financial officer now directly owns 61,293 shares in the company, valued at approximately $19,532,240.31. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Evan M. Turtz sold 8,988 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $321.30, for a total transaction of $2,887,844.40. Following the transaction, the senior vice president now owns 20,758 shares of the company’s stock, valued at $6,669,545.40. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.

Trane Technologies Stock Down 1.4 %

NYSE TT traded down $4.72 during trading hours on Friday, reaching $328.93. 5,613,356 shares of the company’s stock were exchanged, compared to its average volume of 1,238,246. 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 company has a market capitalization of $74.45 billion, a price-to-earnings ratio of 35.14, a price-to-earnings-growth ratio of 2.65 and a beta of 1.01. The company’s 50-day moving average is $325.25 and its two-hundred day moving average is $289.71. Trane Technologies plc has a one year low of $184.02 and a one year high of $345.46.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.30. The company had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $3.99 billion. Trane Technologies had a net margin of 11.81% and a return on equity of 32.78%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.41 earnings per share. On average, analysts forecast that Trane Technologies plc will post 10.48 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, September 6th. Trane Technologies’s payout ratio is presently 35.90%.

Analyst Ratings Changes

Several brokerages have issued reports on TT. UBS Group lifted their price objective on Trane Technologies from $330.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, June 3rd. The Goldman Sachs Group boosted their target price on Trane Technologies from $287.00 to $326.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Mizuho boosted their target price on Trane Technologies from $280.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Barclays boosted their target price on Trane Technologies from $354.00 to $380.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 4th. Finally, Robert W. Baird boosted their target price on Trane Technologies from $315.00 to $344.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $309.79.

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.