Jefferies Financial Group Inc. Buys Shares of 5,166 Trane Technologies plc (NYSE:TT)

Jefferies Financial Group Inc. bought a new stake in shares of Trane Technologies plc (NYSE:TT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,166 shares of the company's stock, valued at approximately $1,908,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sound Income Strategies LLC raised its stake in shares of Trane Technologies by 1,314.3% during the 4th quarter. Sound Income Strategies LLC now owns 99 shares of the company's stock worth $37,000 after buying an additional 92 shares during the period. Flagship Wealth Advisors LLC purchased a new position in Trane Technologies during the fourth quarter valued at $37,000. Golden State Wealth Management LLC purchased a new stake in shares of Trane Technologies during the fourth quarter worth about $39,000. BankPlus Trust Department acquired a new position in shares of Trane Technologies during the 4th quarter worth about $45,000. Finally, Centricity Wealth Management LLC purchased a new position in Trane Technologies in the 4th quarter valued at about $55,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Wall Street Analysts Forecast Growth

TT has been the subject of a number of research analyst reports. Royal Bank of Canada increased their target price on Trane Technologies from $363.00 to $408.00 and gave the company a "sector perform" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. increased their price objective on Trane Technologies from $334.00 to $400.00 and gave the company a "neutral" rating in a research note on Friday. Citigroup raised their price objective on Trane Technologies from $415.00 to $445.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Melius lowered shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 target price for the company. in a report on Tuesday, January 28th. Finally, HSBC upgraded shares of Trane Technologies from a "hold" rating to a "buy" rating and increased their target price for the company from $405.00 to $415.00 in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $425.47.

Trane Technologies Trading Up 0.1%

Shares of TT stock traded up $0.52 during trading on Monday, hitting $429.61. 162,893 shares of the stock traded hands, compared to its average volume of 1,343,327. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $430.22. The firm has a market capitalization of $95.81 billion, a P/E ratio of 38.19, a price-to-earnings-growth ratio of 2.50 and a beta of 1.14. The firm's fifty day moving average price is $358.06 and its 200-day moving average price is $373.45. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.21 and a quick ratio of 0.88.

Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.20 by $0.25. The business 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 35.37% and a net margin of 12.94%. The company's quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.94 EPS. As a group, research analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.94 per share. 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 dividend payout ratio (DPR) is presently 31.28%.

Insider Buying and Selling at Trane Technologies

In other news, insider Donald E. Simmons sold 3,571 shares of the company's stock in a transaction that occurred 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 transaction, the insider now directly owns 3,593 shares in the company, valued at approximately $1,365,340. This represents a 49.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.38% of the company's stock.

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.