Gofen & Glossberg LLC IL Has $472000 Stock Position in Trane Technologies plc (NYSE:TT) – Defense World
Posted by admin on Jun 26th, 2022 
Gofen & Glossberg LLC IL cut its stake in Trane Technologies plc (NYSE:TT – Get Rating) by 6.8% in the first quarter, Holdings Channel.com reports. The firm owned 3,094 shares of the company’s stock after selling 226 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in Trane Technologies were worth $472,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Kestra Private Wealth Services LLC boosted its stake in Trane Technologies by 1.4% in the 4th quarter. Kestra Private Wealth Services LLC now owns 4,401 shares of the company’s stock worth $889,000 after purchasing an additional 59 shares during the period. OLD Second National Bank of Aurora boosted its stake in Trane Technologies by 15.4% in the 4th quarter. OLD Second National Bank of Aurora now owns 450 shares of the company’s stock worth $65,000 after purchasing an additional 60 shares during the period. International Assets Investment Management LLC boosted its stake in Trane Technologies by 1.6% in the 4th quarter. International Assets Investment Management LLC now owns 3,847 shares of the company’s stock worth $777,000 after purchasing an additional 61 shares during the period. ARGI Investment Services LLC boosted its stake in Trane Technologies by 2.7% in the 4th quarter. ARGI Investment Services LLC now owns 2,414 shares of the company’s stock worth $488,000 after purchasing an additional 64 shares during the period. Finally, Calamos Wealth Management LLC boosted its stake in shares of Trane Technologies by 0.4% during the 4th quarter. Calamos Wealth Management LLC now owns 17,225 shares of the company’s stock worth $3,480,000 after buying an additional 65 shares during the last quarter. 80.55% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently commented on TT. Citigroup reduced their price objective on shares of Trane Technologies from $205.00 to $190.00 in a research note on Thursday, May 5th. Barclays reduced their price objective on shares of Trane Technologies from $180.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, May 24th. Wells Fargo & Company reduced their price objective on shares of Trane Technologies from $153.00 to $131.00 in a research note on Monday, May 9th. The Goldman Sachs Group reduced their price objective on shares of Trane Technologies from $156.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Trane Technologies from $171.00 to $162.00 in a research note on Thursday, May 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $176.93.
Trane Technologies stock opened at $131.49 on Friday. The company’s 50-day moving average price is $136.11 and its two-hundred day moving average price is $157.24. Trane Technologies plc has a twelve month low of $120.64 and a twelve month high of $207.06. The stock has a market cap of $30.75 billion, a P/E ratio of 21.88, a P/E/G ratio of 1.61 and a beta of 1.04. The company has a quick ratio of 0.91, a current ratio of 1.31 and a debt-to-equity ratio of 0.75.
Trane Technologies (NYSE:TT – Get Rating) last announced its earnings results on Wednesday, May 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.12. Trane Technologies had a net margin of 10.01% and a return on equity of 23.67%. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the prior year, the business posted $1.01 EPS. The business’s revenue was up 11.2% compared to the same quarter last year. Equities analysts anticipate that Trane Technologies plc will post 7.05 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.04%. Trane Technologies’s payout ratio is presently 44.59%.
Trane Technologies Profile (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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