B. Riley Wealth Advisors Inc. Has $772,000 Stock Holdings in Trane Technologies plc (NYSE:TT)

B. Riley Wealth Advisors Inc. decreased its holdings in shares of Trane Technologies plc (NYSE:TT) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,166 shares of the company’s stock after selling 335 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Trane Technologies were worth $772,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BKM Wealth Management LLC bought a new stake in Trane Technologies during the fourth quarter worth approximately $25,000. Motco acquired a new position in Trane Technologies in the 4th quarter valued at $27,000. Sachetta LLC bought a new position in Trane Technologies in the 4th quarter worth $27,000. Ancora Advisors LLC acquired a new position in Trane Technologies during the 3rd quarter worth $40,000. Finally, Gables Capital Management Inc. boosted its holdings in Trane Technologies by 68.2% during the fourth quarter. Gables Capital Management Inc. now owns 185 shares of the company’s stock valued at $45,000 after acquiring an additional 75 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Christopher J. Kuehn sold 4,000 shares of Trane Technologies stock in a transaction that occurred 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 owns 61,293 shares in the company, valued at $19,532,240.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Evan M. Turtz sold 8,988 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were 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 directly owns 20,758 shares in the company, valued at $6,669,545.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Christopher J. Kuehn sold 4,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $318.67, for a total value of $1,274,680.00. Following the transaction, the chief financial officer now directly owns 61,293 shares in the company, valued at approximately $19,532,240.31. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Trane Technologies Trading Down 0.5 %

TT stock opened at $334.12 on Friday. Trane Technologies plc has a 1-year low of $182.96 and a 1-year high of $345.46. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $321.15 and its 200-day moving average is $286.22. The firm has a market cap of $75.63 billion, a P/E ratio of 35.70, a P/E/G ratio of 2.75 and a beta of 1.01.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. The firm had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Trane Technologies had a return on equity of 32.78% and a net margin of 11.81%. The business’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.41 earnings per share. Equities analysts anticipate that Trane Technologies plc will post 10.46 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a $0.84 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $3.36 dividend on an annualized basis and a yield of 1.01%. Trane Technologies’s dividend payout ratio (DPR) is presently 35.90%.

Analysts Set New Price Targets

Several analysts recently weighed in on TT shares. The Goldman Sachs Group increased their target price on Trane Technologies from $287.00 to $326.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Robert W. Baird raised their price objective on shares of Trane Technologies from $315.00 to $344.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Wells Fargo & Company upped their target price on shares of Trane Technologies from $281.00 to $295.00 and gave the company an “underweight” rating in a research note on Thursday, May 2nd. Stephens raised their price target on shares of Trane Technologies from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 1st. Finally, Citigroup upped their price objective on shares of Trane Technologies from $355.00 to $366.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Trane Technologies has a consensus rating of “Hold” and a consensus target price of $309.79.

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.