Harvest Fund Management Co. Ltd Has $1.96 Million Stock Holdings in Trane Technologies plc (NYSE:TT)

Harvest Fund Management Co. Ltd raised its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 40.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,444 shares of the company's stock after acquiring an additional 1,565 shares during the period. Harvest Fund Management Co. Ltd's holdings in Trane Technologies were worth $1,960,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of Trane Technologies by 60.0% during the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company's stock worth $2,288,000 after purchasing an additional 2,323 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in Trane Technologies during the fourth quarter worth about $74,000. O Shaughnessy Asset Management LLC grew its position in shares of Trane Technologies by 36.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 30,427 shares of the company's stock valued at $11,238,000 after purchasing an additional 8,121 shares during the last quarter. National Bank of Canada FI grew its position in shares of Trane Technologies by 53.0% in the fourth quarter. National Bank of Canada FI now owns 454,949 shares of the company's stock valued at $168,036,000 after purchasing an additional 157,590 shares during the last quarter. Finally, Nemes Rush Group LLC boosted its position in Trane Technologies by 3.0% during the fourth quarter. Nemes Rush Group LLC now owns 34,524 shares of the company's stock worth $12,751,000 after acquiring an additional 1,004 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

TT has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on shares of Trane Technologies from $445.00 to $520.00 and gave the stock an "overweight" rating in a research note on Thursday. Hsbc Global Res lowered shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday. Royal Bank Of Canada raised their price target on shares of Trane Technologies from $463.00 to $467.00 and gave the stock a "sector perform" rating in a research report on Thursday. Wells Fargo & Company lifted their price objective on shares of Trane Technologies from $370.00 to $410.00 and gave the company an "underweight" rating in a research report on Tuesday, July 1st. Finally, HSBC downgraded shares of Trane Technologies from a "buy" rating to a "hold" rating and boosted their price target for the stock from $415.00 to $460.00 in a research report on Thursday. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Trane Technologies presently has a consensus rating of "Hold" and an average target price of $455.67.

Trane Technologies Trading Up 0.2%

Shares of Trane Technologies stock traded up $0.93 during trading on Friday, hitting $439.01. The stock had a trading volume of 1,527,204 shares, compared to its average volume of 1,500,927. The stock has a 50 day simple moving average of $435.26 and a 200 day simple moving average of $388.22. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18. The company has a market capitalization of $97.91 billion, a PE ratio of 34.81, a P/E/G ratio of 2.78 and a beta of 1.15. The company has a quick ratio of 0.74, a current ratio of 1.10 and a debt-to-equity ratio of 0.50.

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

Trane Technologies Dividend Announcement

The business 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 of this dividend is Friday, September 5th. This represents a $3.76 dividend on an annualized basis and a yield of 0.9%. Trane Technologies's payout ratio is 29.82%.

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.