3,322 Shares in Trane Technologies plc (NYSE:TT) Acquired by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. purchased a new position in Trane Technologies plc (NYSE:TT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,322 shares of the company's stock, valued at approximately $1,227,000.

Several other large investors also recently bought and sold shares of TT. Ameritas Advisory Services LLC purchased a new position in Trane Technologies during the fourth quarter worth $468,000. HB Wealth Management LLC boosted its stake in Trane Technologies by 14.3% during the fourth quarter. HB Wealth Management LLC now owns 5,689 shares of the company's stock worth $2,101,000 after buying an additional 711 shares during the period. Crossmark Global Holdings Inc. boosted its stake in Trane Technologies by 31.2% during the fourth quarter. Crossmark Global Holdings Inc. now owns 29,057 shares of the company's stock worth $10,733,000 after buying an additional 6,910 shares during the period. Stonegate Investment Group LLC boosted its stake in Trane Technologies by 11.9% during the fourth quarter. Stonegate Investment Group LLC now owns 15,378 shares of the company's stock worth $5,680,000 after buying an additional 1,633 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its stake in Trane Technologies by 1,490.3% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 19,417 shares of the company's stock worth $7,172,000 after buying an additional 18,196 shares during the period. Institutional investors own 82.97% of the company's stock.

Insider Activity

In other news, insider Donald E. Simmons sold 3,571 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 3,593 shares in the company, valued at $1,365,340. This represents a 49.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.38% of the company's stock.

Trane Technologies Stock Up 1.6%

Shares of TT stock traded up $6.85 on Friday, hitting $429.20. The stock had a trading volume of 1,110,362 shares, compared to its average volume of 1,348,011. The company has a market cap of $95.72 billion, a PE ratio of 38.15, 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. The business has a 50 day moving average price of $358.06 and a 200 day moving average price of $373.43. Trane Technologies plc has a one year low of $298.15 and a one year high of $429.40.

Trane Technologies (NYSE:TT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, topping analysts' consensus estimates of $2.20 by $0.25. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.94 earnings per share. Research analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on TT shares. Hsbc Global Res raised shares of Trane Technologies from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Robert W. Baird boosted their target price on shares of Trane Technologies from $360.00 to $396.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. UBS Group lowered their target price on shares of Trane Technologies from $500.00 to $470.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Barclays lowered their target price on shares of Trane Technologies from $500.00 to $475.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. Finally, Citigroup boosted their target price on shares of Trane Technologies from $415.00 to $445.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Trane Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $425.47.

Trane Technologies Company 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.