1,164 Shares in Trane Technologies plc (NYSE:TT) Purchased by PharVision Advisers LLC

PharVision Advisers LLC purchased a new stake in shares of Trane Technologies plc (NYSE:TT - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,164 shares of the company's stock, valued at approximately $430,000.

Several other large investors have also recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 purchasing an additional 177,206 shares during the period. Waverly Advisors LLC grew its stake in shares of Trane Technologies by 196.5% in the fourth quarter. Waverly Advisors LLC now owns 6,122 shares of the company's stock valued at $2,261,000 after buying an additional 4,057 shares in the last quarter. Worldquant Millennium Advisors LLC raised its holdings in shares of Trane Technologies by 2.7% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 324,311 shares of the company's stock valued at $119,784,000 after buying an additional 8,432 shares during the period. Woodline Partners LP lifted its stake in Trane Technologies by 1,033.6% during the 4th quarter. Woodline Partners LP now owns 50,141 shares of the company's stock worth $18,520,000 after acquiring an additional 45,718 shares in the last quarter. Finally, iSAM Funds UK Ltd acquired a new position in Trane Technologies during the 4th quarter worth about $553,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Stock Down 0.1%

Trane Technologies stock traded down $0.55 during midday trading on Monday, reaching $423.71. The company's stock had a trading volume of 1,033,578 shares, compared to its average volume of 1,354,784. The company has a market cap of $94.50 billion, a P/E ratio of 37.66, a P/E/G ratio of 2.50 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58. The business has a 50-day simple moving average of $366.28 and a 200-day simple moving average of $374.86. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $433.60.

Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, beating analysts' consensus estimates of $2.20 by $0.25. The business had revenue of $4.69 billion for 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 business's revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.94 EPS. On average, research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently disclosed 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 is Friday, June 6th. This represents a $3.76 annualized dividend and a dividend yield of 0.89%. Trane Technologies's dividend payout ratio is presently 31.28%.

Insider Activity

In other news, insider Donald E. Simmons sold 3,571 shares of the business's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $380.00, for a total value of $1,356,980.00. Following the completion of the sale, the insider now directly 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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TT shares. Melius lowered shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price target on the stock. in a research note on Tuesday, January 28th. Wells Fargo & Company upped their target price on shares of Trane Technologies from $330.00 to $370.00 and gave the stock an "underweight" rating in a research note on Thursday, May 1st. Melius Research reiterated a "hold" rating and set a $398.00 target price on shares of Trane Technologies in a report on Tuesday, January 28th. Barclays dropped their price target on shares of Trane Technologies from $500.00 to $475.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. Finally, HSBC upgraded Trane Technologies from a "hold" rating to a "buy" rating and increased their price objective for the company from $405.00 to $415.00 in a research note on Friday, April 25th. 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 assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $427.47.

About Trane Technologies

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.