Trane Technologies plc (NYSE:TT) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG raised its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 47.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 867,428 shares of the company's stock after buying an additional 278,711 shares during the quarter. Deutsche Bank AG owned about 0.39% of Trane Technologies worth $320,385,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new position in shares of Trane Technologies in the fourth quarter worth $468,000. HB Wealth Management LLC raised its stake in shares of Trane Technologies by 14.3% in the fourth quarter. HB Wealth Management LLC now owns 5,689 shares of the company's stock worth $2,101,000 after purchasing an additional 711 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Trane Technologies by 31.2% in the fourth quarter. Crossmark Global Holdings Inc. now owns 29,057 shares of the company's stock worth $10,733,000 after purchasing an additional 6,910 shares during the last quarter. Stonegate Investment Group LLC increased its position in Trane Technologies by 11.9% during the fourth quarter. Stonegate Investment Group LLC now owns 15,378 shares of the company's stock valued at $5,680,000 after acquiring an additional 1,633 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its position in Trane Technologies by 1,490.3% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 19,417 shares of the company's stock valued at $7,172,000 after acquiring an additional 18,196 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Trane Technologies Price Performance

Shares of NYSE:TT traded up $6.02 during trading on Tuesday, reaching $422.17. 1,348,876 shares of the company's stock traded hands, compared to its average volume of 1,341,307. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $424.72. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58. The firm has a market cap of $94.15 billion, a PE ratio of 37.53, a P/E/G ratio of 2.50 and a beta of 1.14. The company has a 50-day simple moving average of $351.40 and a 200-day simple moving average of $372.31.

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

Trane Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Friday, June 6th. Trane Technologies's dividend payout ratio is currently 31.28%.

Insider Activity

In other Trane Technologies news, insider Donald E. Simmons sold 3,571 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $380.00, for a total value of $1,356,980.00. Following the sale, the insider now owns 3,593 shares of the company's stock, valued at $1,365,340. The trade was a 49.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.38% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on TT. Stephens upgraded Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 price objective for the company in a research report 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. Robert W. Baird boosted their price target on Trane Technologies from $360.00 to $396.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. HSBC raised 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 note on Friday, April 25th. Finally, Citigroup increased their price target on Trane Technologies from $415.00 to $445.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Trane Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $421.07.

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.