Walter Public Investments Inc. Buys 2,759 Shares of Trane Technologies plc (NYSE:TT)

Walter Public Investments Inc. grew its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 5.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 53,646 shares of the company's stock after purchasing an additional 2,759 shares during the quarter. Trane Technologies makes up approximately 3.4% of Walter Public Investments Inc.'s holdings, making the stock its 13th biggest holding. Walter Public Investments Inc.'s holdings in Trane Technologies were worth $18,074,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TT. Vanguard Group Inc. boosted its stake in Trane Technologies by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 19,235,570 shares of the company's stock valued at $7,104,658,000 after acquiring an additional 152,353 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Trane Technologies by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 4,775,263 shares of the company's stock worth $1,760,549,000 after purchasing an additional 136,349 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Trane Technologies by 4.1% during the fourth quarter. Ameriprise Financial Inc. now owns 3,343,390 shares of the company's stock worth $1,234,908,000 after purchasing an additional 130,867 shares during the period. Norges Bank acquired a new stake in shares of Trane Technologies during the fourth quarter worth $1,117,816,000. Finally, Northern Trust Corp lifted its stake in Trane Technologies by 20.1% in 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 period. 82.97% of the stock is owned by institutional investors.

Insider Activity at Trane Technologies

In related news, insider Donald E. Simmons sold 3,571 shares of the firm's stock in a transaction on Wednesday, April 30th. The shares were 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 owned 3,593 shares of the company's stock, valued at approximately $1,365,340. This trade represents a 49.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.

Trane Technologies Stock Up 0.7%

TT stock traded up $2.86 during trading hours on Friday, reaching $437.39. 944,543 shares of the stock were exchanged, compared to its average volume of 1,334,971. The firm's 50-day moving average is $425.99 and its 200-day moving average is $381.17. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $445.61. The company has a market cap of $97.55 billion, a price-to-earnings ratio of 36.39, a PEG ratio of 2.83 and a beta of 1.15. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.09 and a quick ratio of 0.74.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.20 by $0.25. Trane Technologies had a return on equity of 36.10% and a net margin of 13.47%. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same period last year, the company earned $1.94 earnings per share. Trane Technologies's quarterly revenue was up 11.2% on a year-over-year basis. On average, equities research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a $0.94 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.86%. Trane Technologies's dividend payout ratio (DPR) is presently 31.28%.

Analysts Set New Price Targets

TT has been the subject of several analyst reports. Royal Bank Of Canada boosted their target price on Trane Technologies from $363.00 to $408.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 1st. Robert W. Baird lifted 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. Barclays boosted their price objective on shares of Trane Technologies from $476.00 to $480.00 and gave the company an "overweight" rating in a report on Wednesday. Hsbc Global Res upgraded shares of Trane Technologies from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Finally, Citigroup boosted 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. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $434.00.

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.