Retireful LLC Acquires New Holdings in Trane Technologies plc (NYSE:TT)

Retireful LLC acquired a new stake in shares of Trane Technologies plc (NYSE:TT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,026 shares of the company's stock, valued at approximately $1,470,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BKM Wealth Management LLC acquired a new stake in shares of Trane Technologies during the 4th quarter worth approximately $25,000. Live Oak Investment Partners acquired a new position in shares of Trane Technologies during the fourth quarter valued at $30,000. Venturi Wealth Management LLC increased its holdings in shares of Trane Technologies by 139.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 151 shares of the company's stock worth $31,000 after acquiring an additional 88 shares during the period. 1832 Asset Management L.P. acquired a new position in Trane Technologies during the 1st quarter valued at about $34,000. Finally, Avior Wealth Management LLC increased its stake in shares of Trane Technologies by 58.0% in the third quarter. Avior Wealth Management LLC now owns 177 shares of the company's stock valued at $36,000 after purchasing an additional 65 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Keith A. Sultana sold 1,637 shares of the business's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $267.74, for a total value of $438,290.38. Following the sale, the senior vice president now owns 42,374 shares in the company, valued at approximately $11,345,214.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Evan M. Turtz sold 2,821 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $288.33, for a total transaction of $813,378.93. Following the sale, the senior vice president now directly owns 20,729 shares of the company's stock, valued at $5,976,792.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Keith A. Sultana sold 1,637 shares of the company's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $267.74, for a total value of $438,290.38. Following the transaction, the senior vice president now directly owns 42,374 shares in the company, valued at approximately $11,345,214.76. The disclosure for this sale can be found here. Insiders sold a total of 29,874 shares of company stock worth $8,462,825 over the last quarter. Company insiders own 0.39% of the company's stock.

Trane Technologies Trading Up 2.4 %

TT stock traded up $7.16 during mid-day trading on Friday, reaching $304.67. 811,436 shares of the stock traded hands, compared to its average volume of 818,697. Trane Technologies plc has a 52-week low of $162.04 and a 52-week high of $306.13. The stock's fifty day moving average is $283.96 and its 200-day moving average is $244.59. The company has a market cap of $69.18 billion, a P/E ratio of 34.66, a P/E/G ratio of 2.51 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.78 and a debt-to-equity ratio of 0.57.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.13 by $0.04. The business had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.43 billion. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.82 EPS. As a group, sell-side analysts expect that Trane Technologies plc will post 10.19 earnings per share for the current year.

Trane Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 1.10%. The ex-dividend date is Thursday, June 6th. Trane Technologies's payout ratio is currently 38.23%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TT shares. Citigroup boosted their price objective on Trane Technologies from $246.00 to $269.00 and gave the stock a "buy" rating in a research report on Monday, December 11th. Wells Fargo & Company raised their price target on Trane Technologies from $200.00 to $246.00 and gave the company an "underweight" rating in a report on Tuesday, December 19th. The Goldman Sachs Group upped their price objective on shares of Trane Technologies from $253.00 to $287.00 and gave the stock a "neutral" rating in a report on Monday, February 5th. Royal Bank of Canada raised their target price on shares of Trane Technologies from $231.00 to $246.00 and gave the company a "sector perform" rating in a research note on Friday, February 2nd. Finally, Barclays upped their price target on shares of Trane Technologies from $286.00 to $325.00 and gave the stock an "overweight" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $239.92.

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.