9,991 Shares in Trane Technologies plc (NYSE:TT) Purchased by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP purchased a new position in Trane Technologies plc (NYSE:TT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 9,991 shares of the company's stock, valued at approximately $3,690,000. Trane Technologies makes up approximately 0.7% of Occudo Quantitative Strategies LP's investment portfolio, making the stock its 23rd biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new stake in Trane Technologies in the 4th quarter worth approximately $468,000. HB Wealth Management LLC raised its stake in Trane Technologies by 14.3% during the fourth quarter. HB Wealth Management LLC now owns 5,689 shares of the company's stock valued at $2,101,000 after purchasing an additional 711 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in Trane Technologies by 31.2% during the fourth quarter. Crossmark Global Holdings Inc. now owns 29,057 shares of the company's stock valued at $10,733,000 after purchasing an additional 6,910 shares during the last quarter. Stonegate Investment Group LLC grew its stake in shares of Trane Technologies by 11.9% in the 4th quarter. Stonegate Investment Group LLC now owns 15,378 shares of the company's stock worth $5,680,000 after buying an additional 1,633 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its holdings in shares of Trane Technologies by 1,490.3% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 19,417 shares of the company's stock worth $7,172,000 after buying an additional 18,196 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Trane Technologies Stock Up 1.6%

TT stock traded up $6.85 during trading on Friday, hitting $429.20. 1,110,362 shares of the company's stock traded hands, compared to its average volume of 1,346,252. The firm has a market capitalization of $95.72 billion, a P/E ratio of 38.15, a PEG ratio of 2.50 and a beta of 1.14. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $429.34. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $356.17 and a two-hundred day simple moving average of $373.18.

Trane Technologies (NYSE:TT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, topping analysts' consensus estimates of $2.20 by $0.25. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.46 billion. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. The firm's revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.94 earnings per share. Sell-side analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Friday, June 6th. Trane Technologies's dividend payout ratio is currently 31.28%.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, insider Donald E. Simmons sold 3,571 shares of Trane Technologies stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $380.00, for a total transaction of $1,356,980.00. Following the completion of the sale, the insider now directly owns 3,593 shares in the company, valued at approximately $1,365,340. The trade was a 49.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.38% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TT shares. Royal Bank of Canada boosted their price objective on Trane Technologies from $363.00 to $408.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 1st. HSBC raised Trane Technologies from a "hold" rating to a "buy" rating and boosted their target price for the company from $405.00 to $415.00 in a research report on Friday, April 25th. Melius downgraded Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price target for the company. in a research report on Tuesday, January 28th. Hsbc Global Res raised shares of Trane Technologies from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Finally, Melius Research reissued a "hold" rating and issued a $398.00 target price on shares of Trane Technologies in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Trane Technologies has a consensus rating of "Moderate Buy" and an average target price of $425.47.

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.