XTX Topco Ltd Purchases 5,596 Shares of Trane Technologies plc (NYSE:TT)

XTX Topco Ltd grew its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 184.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,635 shares of the company's stock after buying an additional 5,596 shares during the period. XTX Topco Ltd's holdings in Trane Technologies were worth $2,909,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Csenge Advisory Group lifted its holdings in shares of Trane Technologies by 0.6% in the 1st quarter. Csenge Advisory Group now owns 3,944 shares of the company's stock worth $1,314,000 after purchasing an additional 25 shares in the last quarter. Fiera Capital Corp lifted its holdings in shares of Trane Technologies by 1.4% in the 1st quarter. Fiera Capital Corp now owns 1,930 shares of the company's stock worth $650,000 after purchasing an additional 27 shares in the last quarter. Bingham Private Wealth LLC lifted its holdings in shares of Trane Technologies by 3.2% in the 1st quarter. Bingham Private Wealth LLC now owns 944 shares of the company's stock worth $318,000 after purchasing an additional 29 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Trane Technologies by 0.8% in the 4th quarter. Quadrant Capital Group LLC now owns 3,786 shares of the company's stock worth $1,398,000 after purchasing an additional 30 shares in the last quarter. Finally, Tradewinds Capital Management LLC lifted its holdings in shares of Trane Technologies by 46.2% in the 1st quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock worth $32,000 after purchasing an additional 30 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TT shares. Hsbc Global Res cut Trane Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday. Wells Fargo & Company lifted 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. The Goldman Sachs Group lifted their target price on Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Northcoast Research lowered Trane Technologies from a "buy" rating to a "neutral" rating in a report on Friday. Finally, JPMorgan Chase & Co. boosted their target price on Trane Technologies from $334.00 to $400.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $455.67.

Trane Technologies Stock Performance

TT stock traded up $0.93 during trading on Friday, reaching $439.01. The stock had a trading volume of 1,527,204 shares, compared to its average volume of 1,500,927. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $476.18. The stock's 50 day moving average is $435.26 and its two-hundred day moving average 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. The firm has a market cap of $97.91 billion, a PE ratio of 34.81, a PEG ratio of 2.78 and a beta of 1.15.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, beating analysts' consensus estimates of $3.79 by $0.09. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%. The firm had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $5.77 billion. During the same period in the previous year, the firm earned $3.30 EPS. The business's quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current 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 paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, September 5th. Trane Technologies's dividend payout ratio (DPR) is 29.82%.

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.