Xponance Inc. Has $10.69 Million Holdings in Trane Technologies plc (NYSE:TT)

Xponance Inc. grew its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 18.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,825 shares of the company's stock after purchasing an additional 6,869 shares during the period. Xponance Inc.'s holdings in Trane Technologies were worth $10,689,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Keel Point LLC increased its holdings in shares of Trane Technologies by 3.0% in the 4th quarter. Keel Point LLC now owns 1,326 shares of the company's stock valued at $323,000 after purchasing an additional 39 shares during the period. Rosenberg Matthew Hamilton grew its stake in shares of Trane Technologies by 27.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 192 shares of the company's stock valued at $47,000 after buying an additional 41 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Trane Technologies by 2.3% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,847 shares of the company's stock valued at $450,000 after buying an additional 42 shares in the last quarter. Cedrus LLC grew its stake in shares of Trane Technologies by 2.6% in the 4th quarter. Cedrus LLC now owns 1,669 shares of the company's stock valued at $407,000 after buying an additional 43 shares in the last quarter. Finally, Certuity LLC grew its stake in shares of Trane Technologies by 3.1% in the 3rd quarter. Certuity LLC now owns 1,549 shares of the company's stock valued at $314,000 after buying an additional 46 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on TT shares. Royal Bank of Canada boosted their price target on Trane Technologies from $231.00 to $246.00 and gave the company a "sector perform" rating in a research note on Friday, February 2nd. Citigroup upped their target price on Trane Technologies from $309.00 to $355.00 and gave the stock a "buy" rating in a research report on Monday, April 8th. Stephens upped their target price on Trane Technologies from $235.00 to $280.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 6th. Barclays upped 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. Finally, The Goldman Sachs Group increased their price objective on Trane Technologies from $253.00 to $287.00 and gave the company a "neutral" rating in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $251.83.

Insider Activity

In other news, SVP Keith A. Sultana sold 1,637 shares of the firm's 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 completion of the sale, the senior vice president now directly owns 42,374 shares in the company, valued at $11,345,214.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, SVP Keith A. Sultana sold 1,637 shares of the firm's stock in a transaction dated 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 owns 42,374 shares in the company, valued at $11,345,214.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David S. Regnery sold 6,990 shares of the firm's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $286.19, for a total value of $2,000,468.10. Following the completion of the transaction, the chief executive officer now owns 113,874 shares in the company, valued at approximately $32,589,600.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,874 shares of company stock worth $8,462,825. 0.39% of the stock is owned by corporate insiders.

Trane Technologies Price Performance

Trane Technologies stock traded down $1.29 during mid-day trading on Friday, hitting $288.27. 790,678 shares of the company were exchanged, compared to its average volume of 994,617. 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 business has a fifty day moving average of $289.41 and a 200 day moving average of $250.29. Trane Technologies plc has a 1-year low of $162.04 and a 1-year high of $306.98. The company has a market capitalization of $65.46 billion, a PE ratio of 32.92, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05.

Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.04. Trane Technologies had a return on equity of 32.01% and a net margin of 11.45%. The firm had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.43 billion. During the same period in the prior year, the company posted $1.82 earnings per share. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, sell-side analysts expect that Trane Technologies plc will post 10.2 earnings per share for the current year.

Trane Technologies Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Thursday, June 6th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.17%. Trane Technologies's dividend payout ratio (DPR) is presently 38.23%.

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.