M Holdings Securities Inc. Makes New Investment in Trane Technologies plc $TT

M Holdings Securities Inc. bought a new position in Trane Technologies plc (NYSE:TT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,894 shares of the company’s stock, valued at approximately $801,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wilkerson Advisory Group LLC raised its position in shares of Trane Technologies by 136.0% in the 1st quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock worth $25,000 after purchasing an additional 34 shares during the last quarter. Elevation Wealth Partners LLC boosted its stake in Trane Technologies by 153.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 66 shares of the company’s stock worth $32,000 after purchasing an additional 40 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in Trane Technologies in the 1st quarter worth about $33,000. James T. Borello RIA grew its position in Trane Technologies by 41.7% during the 3rd quarter. James T. Borello RIA now owns 102 shares of the company’s stock valued at $46,000 after purchasing an additional 30 shares during the last quarter. Finally, MADDEN SECURITIES Corp purchased a new stake in Trane Technologies during the 3rd quarter valued at about $46,000. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Trading Up 0.0%

Trane Technologies stock opened at $420.62 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 0.79. Trane Technologies plc has a one year low of $348.06 and a one year high of $505.87. The stock has a market capitalization of $92.07 billion, a PE ratio of 29.70, a price-to-earnings-growth ratio of 1.97 and a beta of 1.19. The business’s fifty day moving average is $444.65 and its 200 day moving average is $454.74.

Trane Technologies (NYSE:TT) last issued its earnings results on Thursday, October 29th. The company reported $4.86 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.12. Trane Technologies had a return on equity of 37.26% and a net margin of 13.56%. The business had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.50 billion. During the same quarter in the previous year, the firm earned $3.88 EPS. Trane Technologies’s revenue was up 17.7% on a year-over-year basis. On average, sell-side analysts predict that Trane Technologies plc will post 15.29 EPS for the current year.

Trane Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 4th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, December 4th. Trane Technologies’s dividend payout ratio (DPR) is presently 29.66%.

Insider Activity at Trane Technologies

In other news, CEO David Regnery sold 48,091 shares of Trane Technologies stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $480.00, for a total value of $23,083,680.00. Following the completion of the sale, the chief executive officer directly owned 96,951 shares in the company, valued at $46,536,480. The trade was a 33.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TT has been the subject of several recent analyst reports. Oppenheimer reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Trane Technologies in a report on Friday, October 30th. Wall Street Zen downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating in a research note on Sunday. BNP Paribas Exane increased their price target on shares of Trane Technologies from $560.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Argus set a $500.00 price target on shares of Trane Technologies in a research report on Friday, October 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Trane Technologies from $515.00 to $499.00 and set a “hold” rating for the company in a report on Wednesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Trane Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $535.89.

Trane Technologies Profile

Trane Technologies plc is a global climate innovator that designs, manufactures, and services heating, ventilation, air conditioning, and refrigeration systems. Its products and services support commercial buildings, homes, and transportation applications, including temperature-controlled shipping. The company’s portfolio includes the Trane brand of HVAC systems and building services, as well as Thermo King equipment for transport refrigeration and climate control. It also offers building controls, energy-efficiency solutions, system maintenance, and related services.