Brown Advisory Inc. Has $143.98 Million Holdings in Trane Technologies plc (NYSE:TT)

Brown Advisory Inc. trimmed its position in Trane Technologies plc (NYSE:TT - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 389,831 shares of the company's stock after selling 16,721 shares during the quarter. Brown Advisory Inc. owned 0.17% of Trane Technologies worth $143,984,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Trane Technologies by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 19,235,570 shares of the company's stock worth $7,104,658,000 after acquiring an additional 152,353 shares during the period. Geode Capital Management LLC grew its position in shares of Trane Technologies by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 4,775,263 shares of the company's stock worth $1,760,549,000 after purchasing an additional 136,349 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Trane Technologies by 4.1% during the fourth quarter. Ameriprise Financial Inc. now owns 3,343,390 shares of the company's stock worth $1,234,908,000 after purchasing an additional 130,867 shares during the period. Norges Bank acquired a new stake in shares of Trane Technologies in the fourth quarter valued at approximately $1,117,816,000. Finally, Northern Trust Corp raised its position in shares of Trane Technologies by 20.1% in the fourth quarter. Northern Trust Corp now owns 2,567,527 shares of the company's stock valued at $948,316,000 after buying an additional 429,953 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

Analysts Set New Price Targets

TT has been the topic of a number of recent research reports. Citigroup raised their price objective on Trane Technologies from $415.00 to $445.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Hsbc Global Res upgraded Trane Technologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. HSBC raised shares of Trane Technologies from a "hold" rating to a "buy" rating and upped their price objective for the stock from $405.00 to $415.00 in a research report on Friday, April 25th. Barclays decreased their target price on shares of Trane Technologies from $500.00 to $475.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. Finally, Melius Research reaffirmed a "hold" rating and set a $398.00 price target on shares of Trane Technologies in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Trane Technologies presently has an average rating of "Moderate Buy" and an average price target of $421.07.

Trane Technologies Trading Down 0.3 %

Shares of NYSE:TT traded down $1.27 during midday trading on Friday, reaching $404.38. The company's stock had a trading volume of 1,148,929 shares, compared to its average volume of 1,331,857. The firm has a 50 day moving average price of $348.81 and a two-hundred day moving average price of $372.37. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $422.00. The firm has a market capitalization of $90.18 billion, a price-to-earnings ratio of 35.94, a PEG ratio of 2.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.25. The firm had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.46 billion. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. The company's revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.94 earnings per share. As a group, analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Friday, June 6th. Trane Technologies's dividend payout ratio (DPR) is currently 31.28%.

Insider Activity

In other Trane Technologies news, SVP Evan M. Turtz sold 318 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $358.12, for a total value of $113,882.16. Following the completion of the sale, the senior vice president now owns 20,513 shares of the company's stock, valued at approximately $7,346,115.56. This trade represents a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David S. Regnery sold 2,318 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $358.17, for a total value of $830,238.06. Following the transaction, the chief executive officer now directly owns 126,831 shares in the company, valued at $45,427,059.27. The trade was a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,977 shares of company stock worth $2,577,061. Company insiders own 0.38% of the company's stock.

Trane Technologies 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.