398,677 Shares in Trane Technologies plc (NYSE:TT) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Trane Technologies plc (NYSE:TT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 398,677 shares of the company's stock, valued at approximately $147,251,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.18% of Trane Technologies at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Minot DeBlois Advisors LLC purchased a new position in Trane Technologies in the fourth quarter worth $26,000. Vermillion & White Wealth Management Group LLC bought a new position in Trane Technologies during the fourth quarter valued at approximately $28,000. Flagship Wealth Advisors LLC purchased a new position in Trane Technologies in the 4th quarter worth approximately $37,000. Golden State Wealth Management LLC purchased a new stake in shares of Trane Technologies during the fourth quarter worth about $39,000. Finally, BankPlus Trust Department bought a new stake in Trane Technologies in the fourth quarter valued at $45,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Trane Technologies

In related news, insider Donald E. Simmons sold 3,571 shares of the 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 completion of the transaction, the insider now owns 3,593 shares in the company, valued at approximately $1,365,340. This represents a 49.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.

Trane Technologies Stock Performance

Shares of NYSE:TT traded down $3.66 during trading on Wednesday, reaching $432.61. The stock had a trading volume of 1,027,824 shares, compared to its average volume of 1,354,453. The stock has a fifty day simple moving average of $371.20 and a two-hundred day simple moving average of $375.78. The firm has a market capitalization of $96.48 billion, a price-to-earnings ratio of 38.45, 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. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $436.61.

Trane Technologies (NYSE:TT - Get Free Report) last posted its 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. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter last year, the company earned $1.94 EPS. Trane Technologies's revenue was up 11.2% on a year-over-year basis. As a group, analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently declared 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 0.87%. The ex-dividend date of this dividend is Friday, June 6th. Trane Technologies's dividend payout ratio is 31.28%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Melius lowered shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price objective for the company. in a research note on Tuesday, January 28th. UBS Group increased their target price on Trane Technologies from $470.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Robert W. Baird boosted their price objective on shares of Trane Technologies from $360.00 to $396.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Melius Research reiterated a "hold" rating and issued a $398.00 price objective on shares of Trane Technologies in a research note on Tuesday, January 28th. Finally, HSBC raised shares of Trane Technologies from a "hold" rating to a "buy" rating and lifted their price target for the company from $405.00 to $415.00 in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $427.47.

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.