20,380 Shares in Trane Technologies plc (NYSE:TT) Acquired by Jump Financial LLC

Jump Financial LLC bought a new position in shares of Trane Technologies plc (NYSE:TT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,380 shares of the company's stock, valued at approximately $4,971,000.

Several other institutional investors have also recently added to or reduced their stakes in TT. International Assets Investment Management LLC increased its position in Trane Technologies by 24,670.7% during the fourth quarter. International Assets Investment Management LLC now owns 1,034,423 shares of the company's stock worth $252,296,000 after buying an additional 1,030,247 shares during the period. JPMorgan Chase & Co. increased its position in Trane Technologies by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 17,085,662 shares of the company's stock worth $3,466,852,000 after buying an additional 880,583 shares during the period. FMR LLC increased its position in Trane Technologies by 12.4% during the third quarter. FMR LLC now owns 5,743,154 shares of the company's stock worth $1,165,343,000 after buying an additional 632,598 shares during the period. Wellington Management Group LLP increased its position in Trane Technologies by 36.4% during the third quarter. Wellington Management Group LLP now owns 1,639,058 shares of the company's stock worth $332,581,000 after buying an additional 436,997 shares during the period. Finally, Alphinity Investment Management Pty Ltd increased its position in Trane Technologies by 31.4% during the third quarter. Alphinity Investment Management Pty Ltd now owns 1,812,549 shares of the company's stock worth $367,784,000 after buying an additional 433,388 shares during the period. Hedge funds and other institutional investors own 82.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TT. Robert W. Baird lifted their price target on Trane Technologies from $315.00 to $344.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 1st. Citigroup boosted 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. Stephens boosted their target price on Trane Technologies from $310.00 to $320.00 and gave the company an "equal weight" rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. boosted their target price on Trane Technologies from $247.00 to $300.00 and gave the company a "neutral" rating in a report on Thursday, May 2nd. Finally, Wells Fargo & Company boosted 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, May 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Trane Technologies currently has a consensus rating of "Hold" and an average price target of $300.54.

Insider Activity

In other news, EVP Paul A. Camuti sold 5,643 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $288.30, for a total value of $1,626,876.90. Following the sale, the executive vice president now directly owns 88,770 shares in the company, valued at $25,592,391. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Christopher J. Kuehn sold 2,767 shares of the firm's 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 owns 54,788 shares in the company, valued at $14,700,168.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Paul A. Camuti sold 5,643 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $288.30, for a total transaction of $1,626,876.90. Following the sale, the executive vice president now owns 88,770 shares in the company, valued at approximately $25,592,391. The disclosure for this sale can be found here. Insiders have sold 25,746 shares of company stock worth $7,345,786 over the last ninety days. 0.39% of the stock is currently owned by insiders.

Trane Technologies Price Performance

Trane Technologies stock traded down $0.94 during mid-day trading on Friday, reaching $331.98. The company had a trading volume of 744,929 shares, compared to its average volume of 1,057,287. Trane Technologies plc has a 1 year low of $162.04 and a 1 year high of $335.28. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.13 and a quick ratio of 0.74. The company has a market capitalization of $75.14 billion, a P/E ratio of 35.47, a P/E/G ratio of 2.64 and a beta of 1.01. The stock's 50-day simple moving average is $300.31 and its 200-day simple moving average is $262.60.

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

Trane Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a $0.84 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.36 annualized dividend and a dividend yield of 1.01%. Trane Technologies's dividend payout ratio is presently 35.90%.

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.

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