Nomura Holdings Inc. Acquires Shares of 7,418 Trane Technologies plc (NYSE:TT)

Nomura Holdings Inc. purchased a new stake in shares of Trane Technologies plc (NYSE:TT - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,418 shares of the company's stock, valued at approximately $2,740,000.

A number of other institutional investors have also made changes to their positions in TT. NorthRock Partners LLC boosted its stake in shares of Trane Technologies by 244.9% in the fourth quarter. NorthRock Partners LLC now owns 1,990 shares of the company's stock valued at $735,000 after purchasing an additional 1,413 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Trane Technologies by 1.6% in the fourth quarter. Nuveen Asset Management LLC now owns 2,332,626 shares of the company's stock valued at $861,555,000 after purchasing an additional 37,389 shares during the period. Occudo Quantitative Strategies LP purchased a new position in shares of Trane Technologies in the fourth quarter valued at approximately $3,690,000. Minot DeBlois Advisors LLC purchased a new position in shares of Trane Technologies in the fourth quarter valued at approximately $26,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Trane Technologies by 5.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 930,713 shares of the company's stock valued at $343,760,000 after purchasing an additional 49,658 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Stock Down 0.2%

Shares of NYSE:TT traded down $1.03 during trading on Tuesday, hitting $429.78. 1,037,495 shares of the company were exchanged, compared to its average volume of 1,345,402. The stock has a market capitalization of $95.85 billion, a P/E ratio of 38.20, a PEG ratio of 2.50 and a beta of 1.14. 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 plc has a 12-month low of $298.15 and a 12-month high of $435.50. The firm's 50 day moving average price is $359.88 and its 200-day moving average price is $373.83.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate 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 company's revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.94 EPS. On average, research analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a $0.94 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.76 annualized dividend and a yield of 0.87%. Trane Technologies's dividend payout ratio (DPR) is 31.28%.

Analyst Ratings Changes

Several research analysts have recently commented on TT shares. Stephens raised shares of Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 price objective for the company in a research note on Thursday, May 1st. Robert W. Baird lifted their price target 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. UBS Group lowered their price target on shares of Trane Technologies from $500.00 to $470.00 and set a "buy" rating for the company in a report on Friday, January 31st. Wells Fargo & Company boosted their price target on shares of Trane Technologies from $330.00 to $370.00 and gave the stock an "underweight" rating in a report on Thursday, May 1st. Finally, Melius cut shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price target for the company. in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $425.47.

Insider Activity at Trane Technologies

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

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.