Sapient Capital LLC Acquires Shares of 4,228 Trane Technologies plc (NYSE:TT)

Sapient Capital LLC acquired a new position in Trane Technologies plc (NYSE:TT - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,228 shares of the company's stock, valued at approximately $1,031,000.

A number of other large investors also recently modified their holdings of the company. BKM Wealth Management LLC acquired a new stake in Trane Technologies during the 4th quarter valued at approximately $25,000. Venturi Wealth Management LLC grew its position 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 in the last quarter. Live Oak Investment Partners acquired a new position in shares of Trane Technologies in the 4th quarter worth approximately $30,000. Avior Wealth Management LLC grew its position in shares of Trane Technologies by 58.0% in the 3rd quarter. Avior Wealth Management LLC now owns 177 shares of the company's stock worth $36,000 after acquiring an additional 65 shares in the last quarter. Finally, Rosenberg Matthew Hamilton grew its position in shares of Trane Technologies by 27.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 192 shares of the company's stock worth $47,000 after acquiring an additional 41 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Keith A. Sultana sold 1,637 shares of Trane Technologies stock in a transaction on Thursday, February 1st. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Paul A. Camuti sold 508 shares of Trane Technologies stock in a transaction on Friday, February 9th. The stock was sold at an average price of $273.34, for a total transaction of $138,856.72. Following the transaction, the executive vice president now owns 89,447 shares in the company, valued at $24,449,442.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Keith A. Sultana sold 1,637 shares of Trane Technologies 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 owns 42,374 shares in the company, valued at approximately $11,345,214.76. The disclosure for this sale can be found here. Insiders have sold 29,874 shares of company stock worth $8,462,825 in the last three months. 0.39% of the stock is currently owned by insiders.

Trane Technologies Stock Performance

Trane Technologies stock traded down $0.28 during mid-day trading on Friday, hitting $296.96. 996,306 shares of the company's stock traded hands, compared to its average volume of 786,448. The firm has a 50 day moving average price of $287.68 and a 200 day moving average price of $248.09. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 0.57. The company has a market cap of $67.43 billion, a PE ratio of 33.78, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05. Trane Technologies plc has a one year low of $162.04 and a one year high of $306.98.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Thursday, February 1st. The company reported $2.17 EPS for the quarter, topping analysts' consensus estimates of $2.13 by $0.04. Trane Technologies had a return on equity of 32.01% and a net margin of 11.45%. The company had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.43 billion. During the same quarter in the previous year, the business earned $1.82 EPS. The company's quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities analysts forecast that Trane Technologies plc will post 10.2 EPS for the current year.

Trane Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, June 6th. Trane Technologies's dividend payout ratio is presently 38.23%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Royal Bank of Canada lifted their target price on Trane Technologies from $231.00 to $246.00 and gave the stock a "sector perform" rating in a research report on Friday, February 2nd. Barclays lifted their target price on Trane Technologies from $286.00 to $325.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 2nd. Stephens raised their price target on Trane Technologies from $235.00 to $280.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 6th. The Goldman Sachs Group raised their price target on Trane Technologies from $253.00 to $287.00 and gave the stock a "neutral" rating in a report on Monday, February 5th. Finally, Wells Fargo & Company raised their price target on Trane Technologies from $200.00 to $246.00 and gave the stock an "underweight" rating in a report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $251.83.

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.