Great Valley Advisor Group Inc. Sells 100 Shares of Trane Technologies plc (NYSE:TT) – Defense World
Posted by admin on Jul 3rd, 2022 
Great Valley Advisor Group Inc. cut its holdings in shares of Trane Technologies plc (NYSE:TT – Get Rating) by 3.7% in the 1st quarter, HoldingsChannel reports. The fund owned 2,624 shares of the company’s stock after selling 100 shares during the period. Great Valley Advisor Group Inc.’s holdings in Trane Technologies were worth $401,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. CWM LLC bought a new stake in Trane Technologies in the 4th quarter worth about $482,000. Keybank National Association OH grew its position in shares of Trane Technologies by 8.1% during the 4th quarter. Keybank National Association OH now owns 31,545 shares of the company’s stock valued at $6,373,000 after acquiring an additional 2,356 shares during the period. Peterson Wealth Services grew its position in shares of Trane Technologies by 21.5% during the 1st quarter. Peterson Wealth Services now owns 1,431 shares of the company’s stock valued at $219,000 after acquiring an additional 253 shares during the period. BLB&B Advisors LLC grew its position in shares of Trane Technologies by 2.0% during the 4th quarter. BLB&B Advisors LLC now owns 41,329 shares of the company’s stock valued at $8,350,000 after acquiring an additional 815 shares during the period. Finally, BOKF NA grew its position in shares of Trane Technologies by 1.1% during the 4th quarter. BOKF NA now owns 10,583 shares of the company’s stock valued at $2,138,000 after acquiring an additional 118 shares during the period. 80.55% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently commented on the stock. Credit Suisse Group dropped their price target on shares of Trane Technologies from $194.00 to $178.00 in a research note on Thursday, May 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Trane Technologies from $171.00 to $162.00 in a research note on Thursday, May 5th. Barclays lowered their target price on shares of Trane Technologies from $180.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 24th. Citigroup lowered their target price on shares of Trane Technologies from $205.00 to $190.00 in a research note on Thursday, May 5th. Finally, The Goldman Sachs Group decreased their price target on shares of Trane Technologies from $156.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday, June 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $176.43.
Shares of Trane Technologies stock opened at $131.37 on Friday. The firm has a market cap of $30.72 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 1.66 and a beta of 1.04. Trane Technologies plc has a 12-month low of $120.64 and a 12-month high of $207.06. The company has a quick ratio of 0.91, a current ratio of 1.31 and a debt-to-equity ratio of 0.75. The company’s fifty day simple moving average is $134.10 and its two-hundred day simple moving average is $154.74.
Trane Technologies (NYSE:TT – Get Rating) last posted its earnings results on Wednesday, May 4th. The company reported $1.12 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.15 billion. During the same period last year, the company posted $1.01 EPS. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. As a group, sell-side analysts expect that Trane Technologies plc will post 7.05 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors 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 yield of 2.04%. Trane Technologies’s dividend payout ratio (DPR) is currently 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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