National Bank of Canada FI Has $43.93 Million Holdings in Trane Technologies plc (NYSE:TT)

National Bank of Canada FI boosted its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 2.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 182,557 shares of the company's stock after purchasing an additional 4,264 shares during the period. National Bank of Canada FI owned approximately 0.08% of Trane Technologies worth $43,930,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of TT. Keel Point LLC grew its position in 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 buying an additional 39 shares during the last quarter. Rosenberg Matthew Hamilton increased 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 during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in Trane Technologies by 2.3% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,847 shares of the company's stock worth $450,000 after purchasing an additional 42 shares in the last quarter. Cedrus LLC lifted its position in Trane Technologies by 2.6% in the fourth quarter. Cedrus LLC now owns 1,669 shares of the company's stock valued at $407,000 after purchasing an additional 43 shares during the period. Finally, Certuity LLC boosted its holdings in 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 purchasing an additional 46 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TT shares. TD Cowen increased their target price on Trane Technologies from $325.00 to $360.00 and gave the stock a "buy" rating in a research note on Wednesday, May 1st. Citigroup raised their target price on Trane Technologies from $355.00 to $366.00 and gave the company a "buy" rating in a report on Wednesday, May 1st. Robert W. Baird upped their price target on shares of Trane Technologies from $315.00 to $344.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 1st. The Goldman Sachs Group raised their price objective on shares of Trane Technologies from $287.00 to $326.00 and gave the company a "neutral" rating in a research note on Wednesday, May 1st. Finally, Wells Fargo & Company upped their target price on shares of Trane Technologies from $281.00 to $295.00 and gave the stock an "underweight" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Trane Technologies currently has an average rating of "Hold" and an average target price of $300.54.

Trane Technologies Price Performance

TT stock traded up $6.54 on Monday, reaching $325.83. The company had a trading volume of 706,994 shares, compared to its average volume of 1,029,506. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.74 and a current ratio of 1.13. The company's fifty day moving average is $296.65 and its 200 day moving average is $259.66. The company has a market cap of $73.75 billion, a P/E ratio of 34.81, a PEG ratio of 2.54 and a beta of 1.01. Trane Technologies plc has a 1 year low of $162.04 and a 1 year high of $327.09.

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

Trane Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $3.36 annualized dividend and a yield of 1.03%. Trane Technologies's dividend payout ratio (DPR) is presently 35.90%.

Insiders Place Their Bets

In other news, SVP Keith A. Sultana sold 1,983 shares of Trane Technologies stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $272.26, for a total value of $539,891.58. Following the completion of the sale, the senior vice president now owns 42,575 shares of the company's stock, valued at $11,591,469.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, SVP Keith A. Sultana sold 1,983 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $272.26, for a total transaction of $539,891.58. Following the transaction, the senior vice president now directly owns 42,575 shares in the company, valued at approximately $11,591,469.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO David S. Regnery sold 6,990 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $286.19, for a total transaction of $2,000,468.10. Following the completion of the sale, the chief executive officer now owns 113,874 shares of the company's stock, valued at $32,589,600.06. The disclosure for this sale can be found here. Insiders have sold a total of 28,237 shares of company stock valued at $8,024,534 in the last quarter. 0.39% of the stock is currently owned by company 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.