Sapient Capital LLC Purchases New Position in Trane Technologies plc (NYSE:TT)

Sapient Capital LLC acquired a new stake in Trane Technologies plc (NYSE:TT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,074 shares of the company's stock, valued at approximately $994,000.

A number of other large investors also recently modified their holdings of TT. BKM Wealth Management LLC bought a new stake in Trane Technologies during the fourth quarter valued at approximately $25,000. Venturi Wealth Management LLC lifted its position in Trane Technologies by 139.7% during the third quarter. Venturi Wealth Management LLC now owns 151 shares of the company's stock valued at $31,000 after purchasing an additional 88 shares during the last quarter. Ancora Advisors LLC purchased a new position in shares of Trane Technologies during the third quarter worth approximately $40,000. Rosenberg Matthew Hamilton raised its stake in shares of Trane Technologies by 27.2% during the fourth 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. Finally, Operose Advisors LLC purchased a new position in shares of Trane Technologies during the third quarter worth approximately $53,000. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Stock Up 0.8 %

Trane Technologies stock traded up $2.50 during mid-day trading on Friday, reaching $319.29. The stock had a trading volume of 1,074,535 shares, compared to its average volume of 1,049,630. The company has a market capitalization of $72.27 billion, a price-to-earnings ratio of 34.11, a PEG ratio of 2.54 and a beta of 1.01. The company has a 50-day moving average price of $295.83 and a two-hundred day moving average price of $258.71. Trane Technologies plc has a one year low of $162.04 and a one year high of $327.09. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.13 and a quick ratio of 0.78.

Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.30. The company had revenue of $4.22 billion for the quarter, compared to analysts' expectations of $3.99 billion. Trane Technologies had a net margin of 11.81% and a return on equity of 32.78%. Trane Technologies's revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.41 EPS. On average, analysts expect that Trane Technologies plc will post 10.48 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, June 6th. Trane Technologies's dividend payout ratio (DPR) is 35.90%.

Insiders Place Their Bets

In other news, CFO Christopher J. Kuehn sold 2,767 shares of the company's stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $268.31, for a total transaction of $742,413.77. Following the completion of the sale, the chief financial officer now owns 54,788 shares of the company's stock, valued at approximately $14,700,168.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Trane Technologies news, SVP Keith A. Sultana sold 1,983 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $272.26, for a total transaction of $539,891.58. Following the completion of the sale, the senior vice president now directly owns 42,575 shares of the company's stock, valued at approximately $11,591,469.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Christopher J. Kuehn sold 2,767 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $268.31, for a total transaction of $742,413.77. Following the sale, the chief financial officer now directly owns 54,788 shares of the company's stock, valued at $14,700,168.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,237 shares of company stock valued at $8,024,534. 0.39% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. The Goldman Sachs Group lifted their price target on shares of Trane Technologies from $287.00 to $326.00 and gave the stock a "neutral" rating in a research note on Wednesday. Robert W. Baird lifted their target price on shares of Trane Technologies from $315.00 to $344.00 and gave the stock a "neutral" rating in a research note on Wednesday. Mizuho lifted their target price on shares of Trane Technologies from $280.00 to $325.00 and gave the stock a "neutral" rating in a research note on Wednesday. Citigroup lifted their target price on shares of Trane Technologies from $355.00 to $366.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Trane Technologies from $247.00 to $300.00 and gave the company a "neutral" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $300.54.

Trane Technologies 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.