1,070 Shares in Trane Technologies plc (NYSE:TT) Acquired by Farringdon Capital Ltd.

Farringdon Capital Ltd. purchased a new stake in Trane Technologies plc (NYSE:TT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,070 shares of the company's stock, valued at approximately $395,000.

A number of other institutional investors also recently modified their holdings of TT. Global Wealth Strategies & Associates acquired a new stake in Trane Technologies in the 4th quarter valued at about $26,000. Sound Income Strategies LLC raised its position in shares of Trane Technologies by 1,314.3% in the fourth quarter. Sound Income Strategies LLC now owns 99 shares of the company's stock valued at $37,000 after purchasing an additional 92 shares during the period. Flagship Wealth Advisors LLC bought a new stake in shares of Trane Technologies during the 4th quarter worth about $37,000. Golden State Wealth Management LLC acquired a new position in Trane Technologies in the 4th quarter valued at about $39,000. Finally, BankPlus Trust Department acquired a new stake in Trane Technologies during the fourth quarter worth approximately $45,000. 82.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TT has been the subject of a number of recent research reports. Melius Research reissued a "hold" rating and issued a $398.00 target price on shares of Trane Technologies in a research report on Tuesday, January 28th. Melius downgraded shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price target for the company. in a research report on Tuesday, January 28th. JPMorgan Chase & Co. reduced their price target on Trane Technologies from $396.00 to $323.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. UBS Group dropped their price objective on Trane Technologies from $500.00 to $470.00 and set a "buy" rating for the company in a report on Friday, January 31st. Finally, Citigroup reduced their price objective on shares of Trane Technologies from $476.00 to $415.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $405.31.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 2,754 shares of Trane Technologies stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $357.34, for a total transaction of $984,114.36. Following the completion of the transaction, the chief executive officer now owns 132,969 shares of the company's stock, valued at $47,515,142.46. The trade was a 2.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Christopher J. Kuehn sold 876 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $357.42, for a total transaction of $313,099.92. Following the completion of the sale, the chief financial officer now directly owns 63,841 shares in the company, valued at approximately $22,818,050.22. The trade was a 1.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,234 shares of company stock worth $2,588,102 in the last quarter. Insiders own 0.38% of the company's stock.

Trane Technologies Trading Up 2.6 %

Shares of NYSE:TT traded up $8.71 during midday trading on Wednesday, reaching $341.33. The company's stock had a trading volume of 675,008 shares, compared to its average volume of 1,302,309. 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 firm has a 50 day moving average price of $343.62 and a two-hundred day moving average price of $373.91. The firm has a market capitalization of $76.56 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 2.50 and a beta of 1.08. Trane Technologies plc has a fifty-two week low of $291.37 and a fifty-two week high of $422.00.

Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.61 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Friday, June 6th. Trane Technologies's payout ratio is 33.42%.

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.