Trane Technologies plc (NYSE:TT) Stock Holdings Lifted by Xponance Inc.

Xponance Inc. raised its stake in Trane Technologies plc (NYSE:TT) by 18.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,825 shares of the company’s stock after buying an additional 6,869 shares during the period. Xponance Inc.’s holdings in Trane Technologies were worth $10,689,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of TT. Acadian Asset Management LLC bought a new position in shares of Trane Technologies in the first quarter valued at $178,000. Blair William & Co. IL raised its stake in Trane Technologies by 3.0% during the 1st quarter. Blair William & Co. IL now owns 16,727 shares of the company’s stock valued at $2,554,000 after purchasing an additional 495 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in Trane Technologies during the 1st quarter valued at $219,000. Vanguard Group Inc. raised its stake in Trane Technologies by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 18,133,851 shares of the company’s stock valued at $2,769,040,000 after purchasing an additional 77,924 shares during the period. Finally, Mackenzie Financial Corp raised its stake in Trane Technologies by 3.8% during the 1st quarter. Mackenzie Financial Corp now owns 956,177 shares of the company’s stock valued at $146,008,000 after purchasing an additional 34,591 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insider Activity

In other news, EVP Paul A. Camuti sold 508 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $273.34, for a total transaction of $138,856.72. Following the sale, the executive vice president now directly owns 89,447 shares of the company’s stock, valued at $24,449,442.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Paul A. Camuti sold 508 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $273.34, for a total transaction of $138,856.72. Following the sale, the executive vice president now directly owns 89,447 shares of the company’s stock, valued at $24,449,442.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Keith A. Sultana sold 1,637 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $267.74, for a total transaction of $438,290.38. Following the sale, the senior vice president now directly owns 42,374 shares in the company, valued at $11,345,214.76. The disclosure for this sale can be found here. Insiders have sold 29,874 shares of company stock valued at $8,462,825 over the last three months. 0.39% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TT shares. Stephens upped their price target on shares of Trane Technologies from $235.00 to $280.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. The Goldman Sachs Group upped their price objective on shares of Trane Technologies from $253.00 to $287.00 and gave the stock a “neutral” rating in a report on Monday, February 5th. Citigroup upped their price objective on shares of Trane Technologies from $309.00 to $355.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Royal Bank of Canada upped their price target on shares of Trane Technologies from $231.00 to $246.00 and gave the company a “sector perform” rating in a report on Friday, February 2nd. Finally, Barclays upped their price target on shares of Trane Technologies from $286.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $251.83.

Trane Technologies Price Performance

Shares of NYSE TT traded up $3.04 during mid-day trading on Friday, hitting $292.60. 99,356 shares of the stock were exchanged, compared to its average volume of 985,358. The company has a market cap of $66.44 billion, a P/E ratio of 32.92, a PEG ratio of 2.47 and a beta of 1.05. The stock’s fifty day simple moving average is $289.41 and its two-hundred day simple moving average is $250.29. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 1.13. Trane Technologies plc has a twelve month low of $162.04 and a twelve month high of $306.98.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, February 1st. The company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.04. The company had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.43 billion. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $1.82 earnings per share. As a group, analysts forecast that Trane Technologies plc will post 10.2 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, June 6th. Trane Technologies’s payout ratio is 38.23%.

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.