DekaBank Deutsche Girozentrale Has $136.56 Million Position in Trane Technologies plc (NYSE:TT)

DekaBank Deutsche Girozentrale lowered its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 1.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 415,301 shares of the company's stock after selling 4,650 shares during the period. DekaBank Deutsche Girozentrale owned about 0.19% of Trane Technologies worth $136,563,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TT. Norges Bank acquired a new position in Trane Technologies in the fourth quarter valued at about $1,117,816,000. GAMMA Investing LLC boosted its holdings in shares of Trane Technologies by 35,458.2% in the 1st quarter. GAMMA Investing LLC now owns 2,015,792 shares of the company's stock worth $679,161,000 after acquiring an additional 2,010,123 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Trane Technologies by 20.1% in the 4th quarter. Northern Trust Corp now owns 2,567,527 shares of the company's stock worth $948,316,000 after acquiring an additional 429,953 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Trane Technologies in the fourth quarter worth $147,251,000. Finally, BNP Paribas Financial Markets acquired a new position in Trane Technologies during the 4th quarter worth about $137,999,000. 82.97% of the stock is currently owned by institutional investors.

Insider Activity at Trane Technologies

In other Trane Technologies news, insider Donald E. Simmons sold 3,571 shares of Trane Technologies stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $380.00, for a total transaction of $1,356,980.00. Following the transaction, the insider directly owned 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.38% of the company's stock.

Trane Technologies Price Performance

Shares of TT traded down $1.88 during trading hours on Tuesday, hitting $432.72. 80,061 shares of the company were exchanged, compared to its average volume of 1,328,505. The company has a market cap of $96.51 billion, a price-to-earnings ratio of 36.02, a P/E/G ratio of 2.88 and a beta of 1.15. The company has a quick ratio of 0.74, a current ratio of 1.09 and a debt-to-equity ratio of 0.52. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $438.95. The firm's fifty day moving average is $421.95 and its 200 day moving average is $379.68.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.25. The business had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.46 billion. Trane Technologies had a net margin of 13.47% and a return on equity of 36.10%. The firm's revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the business posted $1.94 EPS. On average, 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 Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $0.94 per share. The ex-dividend date is Friday, September 5th. This represents a $3.76 annualized dividend and a yield of 0.87%. Trane Technologies's dividend payout ratio is presently 31.28%.

Analysts Set New Price Targets

TT has been the topic of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of Trane Technologies from $334.00 to $400.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Hsbc Global Res raised Trane Technologies from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Wells Fargo & Company upped their price objective on Trane Technologies from $370.00 to $410.00 and gave the stock an "underweight" rating in a report on Tuesday, July 1st. Citigroup upped 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, Robert W. Baird upped their price target on Trane Technologies from $360.00 to $396.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $430.13.

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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