1,498 Shares in Trane Technologies plc (NYSE:TT) Bought by iSAM Funds UK Ltd

iSAM Funds UK Ltd purchased a new position in shares of Trane Technologies plc (NYSE:TT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,498 shares of the company's stock, valued at approximately $553,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Secured Retirement Advisors LLC raised its stake 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 acquiring an additional 28 shares in the last quarter. Catalina Capital Group LLC increased its stake in Trane Technologies by 3.2% in the fourth quarter. Catalina Capital Group LLC now owns 924 shares of the company's stock valued at $341,000 after purchasing an additional 29 shares during the period. Stratos Wealth Partners LTD. increased its stake in Trane Technologies by 0.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 5,538 shares of the company's stock valued at $2,046,000 after purchasing an additional 29 shares during the period. Kanawha Capital Management LLC increased 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 purchasing an additional 29 shares during the period. Finally, Kestra Private Wealth Services LLC increased its stake in Trane Technologies by 0.3% in the fourth quarter. Kestra Private Wealth Services LLC now owns 9,173 shares of the company's stock valued at $3,388,000 after purchasing an additional 30 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Stock Up 0.4%

TT stock opened at $431.02 on Tuesday. The company has a market cap of $96.13 billion, a P/E ratio of 38.31, a P/E/G ratio of 2.50 and a beta of 1.14. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $431.69. The company's 50-day moving average price is $359.88 and its 200 day moving average price is $373.83. 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 (NYSE:TT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, topping analysts' consensus estimates of $2.20 by $0.25. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. The firm had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the previous year, the firm earned $1.94 earnings per share. The firm's revenue was up 11.2% on a year-over-year basis. On average, research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have commented on TT shares. Stephens upgraded shares of Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 price objective on the stock in a research note on Thursday, May 1st. Melius Research restated a "hold" rating and issued a $398.00 price objective on shares of Trane Technologies in a research note on Tuesday, January 28th. Robert W. Baird lifted their target price on shares of Trane Technologies from $360.00 to $396.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Barclays lowered 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, Wells Fargo & Company lifted their target price on shares of Trane Technologies from $330.00 to $370.00 and gave the company an "underweight" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $425.47.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, insider Donald E. Simmons sold 3,571 shares of the company's stock in a transaction dated Wednesday, April 30th. The shares were 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. This represents 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 accessible through the SEC website. 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.

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