Asset Management One Co. Ltd. Has $33.48 Million Position in Trane Technologies plc (NYSE:TT)

Asset Management One Co. Ltd. grew its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 4.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,359 shares of the company's stock after acquiring an additional 4,660 shares during the period. Asset Management One Co. Ltd.'s holdings in Trane Technologies were worth $33,476,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Oppenheimer Asset Management Inc. grew its holdings in Trane Technologies by 495.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,252 shares of the company's stock worth $1,433,000 after acquiring an additional 3,538 shares during the period. Continuum Advisory LLC grew its stake in shares of Trane Technologies by 8.9% in the 1st quarter. Continuum Advisory LLC now owns 2,733 shares of the company's stock valued at $921,000 after buying an additional 223 shares during the period. Consolidated Planning Corp grew its stake in shares of Trane Technologies by 24.8% in the 1st quarter. Consolidated Planning Corp now owns 17,790 shares of the company's stock valued at $5,994,000 after buying an additional 3,538 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Trane Technologies by 13.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,141 shares of the company's stock valued at $3,417,000 after buying an additional 1,198 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Trane Technologies in the 1st quarter valued at about $2,219,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Price Performance

Trane Technologies stock opened at $429.13 on Wednesday. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $436.61. The company's 50 day moving average price is $404.43 and its two-hundred day moving average price is $377.15. The company has a quick ratio of 0.74, a current ratio of 1.09 and a debt-to-equity ratio of 0.52. The stock has a market cap of $95.70 billion, a P/E ratio of 35.70, a P/E/G ratio of 2.81 and a beta of 1.16.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, topping analysts' consensus estimates of $2.20 by $0.25. The company had revenue of $4.69 billion for the quarter, compared to analysts' expectations of $4.46 billion. Trane Technologies had a net margin of 13.47% and a return on equity of 36.10%. Trane Technologies's revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.94 EPS. On average, equities 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a $0.94 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.88%. Trane Technologies's dividend payout ratio (DPR) is presently 31.28%.

Analysts Set New Price Targets

Several analysts have recently commented on TT shares. Royal Bank Of Canada raised their target price 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. JPMorgan Chase & Co. raised their target price on Trane Technologies from $334.00 to $400.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Robert W. Baird raised their target price on Trane Technologies from $360.00 to $396.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Citigroup lifted 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. Finally, Barclays cut their price target on Trane Technologies from $500.00 to $475.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $427.47.

Insider Buying and Selling

In related news, insider Donald E. Simmons sold 3,571 shares of Trane Technologies stock in a transaction that occurred on 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 approximately $1,365,340. The trade was a 49.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.38% of the stock is currently owned by insiders.

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.

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