111 Capital Invests $1.72 Million in Trane Technologies plc (NYSE:TT)

111 Capital purchased a new position in shares of Trane Technologies plc (NYSE:TT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,668 shares of the company's stock, valued at approximately $1,724,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Trane Technologies in the fourth quarter valued at approximately $1,117,816,000. Raymond James Financial Inc. acquired a new position in shares of Trane Technologies in the fourth quarter valued at approximately $611,322,000. Northern Trust Corp increased its holdings 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 purchasing an additional 429,953 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Trane Technologies in the fourth quarter valued at approximately $147,251,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of Trane Technologies in the fourth quarter valued at approximately $137,999,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TT. Citigroup boosted their target price on Trane Technologies from $415.00 to $445.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Hsbc Global Res upgraded Trane Technologies from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Royal Bank of Canada lifted their price target on Trane Technologies from $363.00 to $408.00 and gave the company a "sector perform" rating in a research note on Thursday, May 1st. Barclays decreased their price target on Trane Technologies from $500.00 to $475.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Finally, JPMorgan Chase & Co. lifted their price target on Trane Technologies from $334.00 to $400.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Trane Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $427.47.

Insider Activity at Trane Technologies

In related news, insider Donald E. Simmons sold 3,571 shares of the company's stock in a transaction 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 completion of the transaction, the insider now directly owns 3,593 shares in the company, valued at approximately $1,365,340. This represents a 49.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.38% of the company's stock.

Trane Technologies Price Performance

Shares of NYSE:TT traded down $2.12 on Friday, hitting $430.17. The company had a trading volume of 2,264,866 shares, compared to its average volume of 1,357,258. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $436.61. The business has a 50 day moving average of $373.99 and a 200 day moving average of $376.03. The company has a market cap of $95.94 billion, a PE ratio of 38.24, a PEG ratio of 2.50 and a beta of 1.14.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings data 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. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. The business had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same period in the prior year, the business earned $1.94 earnings per share. The business's revenue was up 11.2% on a year-over-year basis. As a group, equities analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a $0.94 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.76 annualized dividend and a yield of 0.87%. Trane Technologies's payout ratio is currently 31.28%.

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.