Trane Technologies plc (NYSE:TT) Shares Bought by Teza Capital Management LLC

Teza Capital Management LLC lifted its stake in Trane Technologies plc (NYSE:TT - Free Report) by 7,644.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 199,664 shares of the company's stock after purchasing an additional 197,086 shares during the quarter. Trane Technologies comprises about 11.2% of Teza Capital Management LLC's portfolio, making the stock its largest holding. Teza Capital Management LLC owned about 0.09% of Trane Technologies worth $73,746,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Secured Retirement Advisors LLC grew its stake in Trane Technologies by 0.6% during the 4th quarter. Secured Retirement Advisors LLC now owns 4,628 shares of the company's stock valued at $1,709,000 after purchasing an additional 28 shares during the last quarter. Catalina Capital Group LLC lifted its holdings in shares of Trane Technologies by 3.2% during the fourth quarter. Catalina Capital Group LLC now owns 924 shares of the company's stock worth $341,000 after purchasing an additional 29 shares during the period. Stratos Wealth Partners LTD. boosted its position in Trane Technologies by 0.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 5,538 shares of the company's stock valued at $2,046,000 after buying an additional 29 shares during the last quarter. Kanawha Capital Management LLC increased its holdings in Trane Technologies by 0.6% in the 4th quarter. Kanawha Capital Management LLC now owns 4,712 shares of the company's stock worth $1,740,000 after buying an additional 29 shares during the period. Finally, Kestra Private Wealth Services LLC raised its position in Trane Technologies by 0.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 9,173 shares of the company's stock worth $3,388,000 after buying an additional 30 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on TT shares. UBS Group upped their price objective on shares of Trane Technologies from $470.00 to $500.00 and gave the company a "buy" rating in a report on Thursday. Citigroup upped their price target on shares of Trane Technologies from $415.00 to $445.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Robert W. Baird lifted their price objective on Trane Technologies from $360.00 to $396.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Melius cut Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price objective for the company. in a report on Tuesday, January 28th. Finally, Stephens raised Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 target price on the stock in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $427.47.

Trane Technologies Price Performance

Shares of Trane Technologies stock traded up $0.71 on Friday, reaching $424.97. The company's stock had a trading volume of 275,426 shares, compared to its average volume of 1,346,038. 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 company has a market capitalization of $94.78 billion, a P/E ratio of 37.77, a PEG ratio of 2.50 and a beta of 1.14. The stock has a 50-day moving average price of $364.69 and a 200-day moving average price of $374.90. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $433.60.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.20 by $0.25. The company had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.46 billion. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. The firm's revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.94 EPS. Analysts expect that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Friday, June 6th. Trane Technologies's payout ratio is 31.28%.

Insiders Place Their Bets

In other Trane Technologies news, insider Donald E. Simmons sold 3,571 shares of Trane Technologies stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $380.00, for a total transaction of $1,356,980.00. Following the sale, the insider now owns 3,593 shares of the company's stock, valued at $1,365,340. The trade was a 49.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.38% of the stock is owned by company insiders.

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.