Baader Bank Aktiengesellschaft Raises Holdings in Trane Technologies plc (NYSE:TT)

Baader Bank Aktiengesellschaft grew its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 24.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,406 shares of the company's stock after buying an additional 674 shares during the period. Baader Bank Aktiengesellschaft's holdings in Trane Technologies were worth $1,148,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TT. Geode Capital Management LLC increased its position in shares of Trane Technologies by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 4,775,263 shares of the company's stock worth $1,760,549,000 after purchasing an additional 136,349 shares during the period. Ameriprise Financial Inc. grew its position in Trane Technologies by 4.1% in the fourth quarter. Ameriprise Financial Inc. now owns 3,343,390 shares of the company's stock valued at $1,234,908,000 after acquiring an additional 130,867 shares during the last quarter. Northern Trust Corp grew its position in 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 acquiring an additional 429,953 shares during the last quarter. Nuveen Asset Management LLC grew its position in Trane Technologies by 1.6% in the fourth quarter. Nuveen Asset Management LLC now owns 2,332,626 shares of the company's stock valued at $861,555,000 after acquiring an additional 37,389 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Trane Technologies by 8.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,319,287 shares of the company's stock valued at $856,629,000 after acquiring an additional 177,206 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

Trane Technologies Trading Up 0.2%

TT stock traded up $0.93 during mid-day trading on Friday, reaching $439.01. The company's stock had a trading volume of 1,527,204 shares, compared to its average volume of 1,500,927. The company has a market cap of $97.91 billion, a price-to-earnings ratio of 34.81, a price-to-earnings-growth ratio of 2.78 and a beta of 1.15. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $476.18. The business's 50 day moving average price is $435.26 and its 200 day moving average price is $388.22. The company has a current ratio of 1.10, a quick ratio of 0.74 and a debt-to-equity ratio of 0.50.

Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $0.09. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter in the prior year, the company posted $3.30 earnings per share. Trane Technologies's revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts predict that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, September 5th. Trane Technologies's dividend payout ratio is 29.82%.

Analysts Set New Price Targets

A number of research analysts have issued reports on TT shares. Hsbc Global Res cut Trane Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Morgan Stanley lifted their price target on Trane Technologies from $445.00 to $520.00 and gave the company an "overweight" rating in a research note on Thursday. Robert W. Baird lifted their price target on Trane Technologies from $396.00 to $450.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Citigroup lifted their price target on Trane Technologies from $445.00 to $502.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, The Goldman Sachs Group lifted their price target on Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $455.67.

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.