Trane Technologies plc (NYSE:TT) Shares Bought by Walter Public Investments Inc.

Walter Public Investments Inc. lifted its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 5.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,646 shares of the company's stock after acquiring an additional 2,759 shares during the quarter. Trane Technologies makes up 3.4% of Walter Public Investments Inc.'s portfolio, making the stock its 13th biggest position. Walter Public Investments Inc.'s holdings in Trane Technologies were worth $18,074,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Trane Technologies during the fourth quarter valued at $1,117,816,000. GAMMA Investing LLC boosted its position in shares of Trane Technologies by 35,458.2% during the first quarter. GAMMA Investing LLC now owns 2,015,792 shares of the company's stock valued at $679,161,000 after buying an additional 2,010,123 shares during the last quarter. Northern Trust Corp boosted its position in shares of Trane Technologies by 20.1% during the fourth quarter. Northern Trust Corp now owns 2,567,527 shares of the company's stock valued at $948,316,000 after buying an additional 429,953 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Trane Technologies during the fourth quarter valued at $147,251,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Trane Technologies during the fourth quarter valued at $137,999,000. Institutional investors own 82.97% of the company's stock.

Insider Buying and Selling

In other Trane Technologies news, insider Donald E. Simmons sold 3,571 shares of the business's stock in a transaction that occurred on 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 transaction, the insider directly owned 3,593 shares of the company's stock, valued at approximately $1,365,340. The trade was a 49.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.38% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TT has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Trane Technologies from $334.00 to $400.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Wells Fargo & Company increased their target price on Trane Technologies from $370.00 to $410.00 and gave the company an "underweight" rating in a report on Tuesday, July 1st. The Goldman Sachs Group increased their target price on Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a report on Tuesday. Citigroup increased their target price on Trane Technologies from $415.00 to $445.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, Robert W. Baird increased their target price on Trane Technologies from $360.00 to $396.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. One investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $434.00.

Trane Technologies Stock Up 0.1%

Shares of TT stock traded up $0.57 during trading hours on Thursday, reaching $434.18. 861,809 shares of the company's stock were exchanged, compared to its average volume of 1,333,042. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $438.95. The stock has a market cap of $96.83 billion, a PE ratio of 36.12, a PEG ratio of 2.78 and a beta of 1.15. The company has a current ratio of 1.09, a quick ratio of 0.74 and a debt-to-equity ratio of 0.52. The stock's fifty day moving average price is $424.42 and its two-hundred day moving average price is $380.38.

Trane Technologies (NYSE:TT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, beating analysts' consensus estimates of $2.20 by $0.25. The firm had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.46 billion. Trane Technologies had a return on equity of 36.10% and a net margin of 13.47%. Trane Technologies's revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.94 earnings per share. Research analysts predict that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a $0.94 dividend. The ex-dividend date is Friday, September 5th. This represents a $3.76 dividend on an annualized basis and a yield of 0.87%. Trane Technologies's dividend payout ratio is currently 31.28%.

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.