Hhlr Advisors LTD. Has $864,000 Holdings in Trane Technologies plc (NYSE:TT)

Hhlr Advisors LTD. raised its stake in Trane Technologies plc (NYSE:TT) by 210.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,338 shares of the company’s stock after buying an additional 1,585 shares during the period. Hhlr Advisors LTD.’s holdings in Trane Technologies were worth $864,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Global Wealth Strategies & Associates bought a new stake in Trane Technologies during the 4th quarter worth approximately $26,000. Sound Income Strategies LLC boosted its holdings in Trane Technologies by 1,314.3% during the fourth quarter. Sound Income Strategies LLC now owns 99 shares of the company’s stock worth $37,000 after purchasing an additional 92 shares during the last quarter. Flagship Wealth Advisors LLC bought a new stake in Trane Technologies in the 4th quarter worth about $37,000. Golden State Wealth Management LLC purchased a new stake in Trane Technologies in the 4th quarter valued at about $39,000. Finally, BankPlus Trust Department bought a new position in shares of Trane Technologies during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Trading Up 1.0 %

Shares of TT stock opened at $351.38 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.21 and a quick ratio of 0.88. The firm has a market cap of $78.81 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 2.50 and a beta of 1.08. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $422.00. The company has a 50-day moving average of $342.00 and a two-hundred day moving average of $372.33.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.09. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. On average, analysts predict that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Friday, June 6th. Trane Technologies’s dividend payout ratio is currently 33.42%.

Insider Transactions at Trane Technologies

In related news, CFO Christopher J. Kuehn sold 876 shares of Trane Technologies stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $357.42, for a total transaction of $313,099.92. Following the transaction, the chief financial officer now owns 63,841 shares in the company, valued at approximately $22,818,050.22. The trade was a 1.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mairead Magner sold 198 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $357.61, for a total transaction of $70,806.78. Following the transaction, the senior vice president now owns 13,401 shares in the company, valued at $4,792,331.61. This trade represents a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,234 shares of company stock valued at $2,588,102 in the last quarter. 0.38% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on TT shares. Melius Research restated a “hold” rating and issued a $398.00 price objective on shares of Trane Technologies in a research note on Tuesday, January 28th. Wells Fargo & Company dropped their price objective on Trane Technologies from $380.00 to $360.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Hsbc Global Res raised Trane Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday. Barclays cut their target price on shares of Trane Technologies from $500.00 to $475.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Finally, Royal Bank of Canada boosted their target price on shares of Trane Technologies from $390.00 to $395.00 and gave the company a “sector perform” rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $405.94.

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.