Jefferies Financial Group Inc. Makes New $1.91 Million Investment in Trane Technologies plc (NYSE:TT)

Jefferies Financial Group Inc. purchased a new position in shares of Trane Technologies plc (NYSE:TT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,166 shares of the company's stock, valued at approximately $1,908,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TT. Minot DeBlois Advisors LLC acquired a new stake in Trane Technologies in the 4th quarter valued at approximately $26,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Trane Technologies in the 4th quarter valued at approximately $28,000. Flagship Wealth Advisors LLC acquired a new stake in Trane Technologies in the 4th quarter valued at approximately $37,000. Golden State Wealth Management LLC acquired a new stake in Trane Technologies in the 4th quarter valued at approximately $39,000. Finally, BankPlus Trust Department acquired a new stake in Trane Technologies in the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Trane Technologies Stock Performance

TT traded down $2.12 during trading on Friday, hitting $430.17. The stock had a trading volume of 2,264,866 shares, compared to its average volume of 1,355,140. The company has a 50 day moving average price of $373.99 and a 200-day moving average price of $375.52. The firm has a market cap of $95.94 billion, a price-to-earnings ratio of 38.24, a P/E/G ratio of 2.50 and a beta of 1.14. Trane Technologies plc has a one year low of $298.15 and a one year high of $436.61. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.21 and a quick ratio of 0.88.

Trane Technologies (NYSE:TT - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $2.45 earnings per share for the quarter, beating analysts' consensus estimates of $2.20 by $0.25. The firm had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.46 billion. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. The company's revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.94 EPS. As a group, research analysts predict that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.87%. Trane Technologies's payout ratio is 31.28%.

Insider Activity

In related news, insider Donald E. Simmons sold 3,571 shares of the company's stock in a transaction on 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 completion of the sale, the insider now directly owns 3,593 shares in the company, valued at $1,365,340. This represents a 49.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.38% of the company's stock.

Wall Street Analyst Weigh In

TT has been the topic of several recent analyst reports. Hsbc Global Res raised Trane Technologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Stephens raised Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 price target on the stock in a research report on Thursday, May 1st. Wells Fargo & Company boosted their price target on Trane Technologies from $330.00 to $370.00 and gave the stock an "underweight" rating in a research report on Thursday, May 1st. Robert W. Baird boosted their price target on Trane Technologies from $360.00 to $396.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Finally, Royal Bank of Canada boosted their price target on Trane Technologies from $363.00 to $408.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Trane Technologies has a consensus rating of "Moderate Buy" and an average target price of $427.47.

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.