Alpha DNA Investment Management LLC lifted its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 69.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,122 shares of the company's stock after buying an additional 2,107 shares during the quarter. Trane Technologies comprises 0.7% of Alpha DNA Investment Management LLC's portfolio, making the stock its 25th largest position. Alpha DNA Investment Management LLC's holdings in Trane Technologies were worth $1,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of the stock. Secured Retirement Advisors LLC increased its holdings in Trane Technologies by 0.6% during the 4th quarter. Secured Retirement Advisors LLC now owns 4,628 shares of the company's stock worth $1,709,000 after purchasing an additional 28 shares during the period. First Citizens Financial Corp boosted its holdings in shares of Trane Technologies by 4.6% in the 4th quarter. First Citizens Financial Corp now owns 656 shares of the company's stock valued at $242,000 after buying an additional 29 shares in the last quarter. Catalina Capital Group LLC increased its position in shares of Trane Technologies by 3.2% during the fourth quarter. Catalina Capital Group LLC now owns 924 shares of the company's stock worth $341,000 after purchasing an additional 29 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in Trane Technologies by 0.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 5,538 shares of the company's stock worth $2,046,000 after buying an additional 29 shares during the last quarter. Finally, Kanawha Capital Management LLC raised its stake in Trane Technologies by 0.6% in the fourth quarter. Kanawha Capital Management LLC now owns 4,712 shares of the company's stock valued at $1,740,000 after buying an additional 29 shares during the last quarter. 82.97% of the stock is owned by institutional investors.
Trane Technologies Price Performance
TT stock traded up $6.28 during trading on Wednesday, hitting $338.90. The stock had a trading volume of 717,417 shares, compared to its average volume of 1,302,452. The stock has a market cap of $76.01 billion, a price-to-earnings ratio of 30.12, a price-to-earnings-growth ratio of 2.50 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21. The company's 50 day moving average price is $343.62 and its two-hundred day moving average price is $373.91. Trane Technologies plc has a 1-year low of $291.37 and a 1-year high of $422.00.
Trane Technologies (NYSE:TT - Get Free Report) 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 return on equity of 35.37% and a net margin of 12.94%. On average, sell-side analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.
Trane Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Friday, June 6th. Trane Technologies's dividend payout ratio (DPR) is 33.42%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on TT. JPMorgan Chase & Co. reduced their target price on Trane Technologies from $396.00 to $323.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Citigroup reduced their price target on shares of Trane Technologies from $476.00 to $415.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Wells Fargo & Company reduced their price objective on Trane Technologies from $380.00 to $360.00 and set an "underweight" rating for the company in a research note on Friday, January 31st. UBS Group lowered their target price on Trane Technologies from $500.00 to $470.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Finally, Melius Research reiterated a "hold" rating and set a $398.00 price target on shares of Trane Technologies in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Trane Technologies has an average rating of "Hold" and a consensus price target of $405.31.
Get Our Latest Stock Report on Trane Technologies
Insider Transactions at Trane Technologies
In other news, SVP Evan M. Turtz sold 318 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $358.12, for a total transaction of $113,882.16. Following the completion of the transaction, the senior vice president now directly owns 20,513 shares of the company's stock, valued at approximately $7,346,115.56. This represents a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Christopher J. Kuehn sold 770 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $358.39, for a total value of $275,960.30. Following the completion of the sale, the chief financial officer now directly owns 62,221 shares in the company, valued at approximately $22,299,384.19. This trade represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,234 shares of company stock valued at $2,588,102. Corporate insiders own 0.38% of the company's stock.
About Trane Technologies
(
Free Report)
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.
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