Susquehanna Fundamental Investments LLC Takes $10.44 Million Position in Trane Technologies plc (NYSE:TT)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Trane Technologies plc (NYSE:TT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 28,278 shares of the company's stock, valued at approximately $10,444,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tidal Investments LLC boosted its stake in shares of Trane Technologies by 22.2% in the third quarter. Tidal Investments LLC now owns 15,827 shares of the company's stock valued at $6,152,000 after buying an additional 2,874 shares in the last quarter. Synovus Financial Corp increased its stake in Trane Technologies by 16.8% in the 3rd quarter. Synovus Financial Corp now owns 8,828 shares of the company's stock valued at $3,431,000 after purchasing an additional 1,271 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in Trane Technologies during the fourth quarter worth $468,000. HB Wealth Management LLC boosted its position in Trane Technologies by 14.3% during the fourth quarter. HB Wealth Management LLC now owns 5,689 shares of the company's stock worth $2,101,000 after purchasing an additional 711 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in Trane Technologies by 31.2% in 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. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, SVP Mairead Magner sold 198 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $357.61, for a total value of $70,806.78. Following the completion of the transaction, the senior vice president now directly owns 13,401 shares of the company's stock, valued at $4,792,331.61. This represents a 1.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David S. Regnery sold 2,754 shares of Trane Technologies stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $357.34, for a total value of $984,114.36. Following the sale, the chief executive officer now directly owns 132,969 shares in the company, valued at approximately $47,515,142.46. The trade was a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,234 shares of company stock valued at $2,588,102 over the last three months. 0.38% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on TT. Stephens upgraded shares of Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 target price for the company in a research report on Thursday. Royal Bank of Canada boosted their price target on Trane Technologies from $363.00 to $408.00 and gave the stock a "sector perform" rating in a report on Thursday. Wells Fargo & Company increased their price objective on Trane Technologies from $330.00 to $370.00 and gave the company an "underweight" rating in a research note on Thursday. Barclays reduced their target price on shares of Trane Technologies from $500.00 to $475.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. Finally, Hsbc Global Res upgraded shares of Trane Technologies from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $417.25.

Trane Technologies Trading Up 2.5 %

Shares of NYSE TT traded up $9.72 during trading on Thursday, hitting $393.03. 2,106,750 shares of the company traded hands, compared to its average volume of 1,643,337. 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 firm has a market capitalization of $88.15 billion, a P/E ratio of 34.94, a P/E/G ratio of 2.50 and a beta of 1.08. The company has a 50-day moving average price of $342.32 and a 200-day moving average price of $372.27. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $422.00.

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

Trane Technologies Announces Dividend

The firm also recently declared 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. The ex-dividend date is Friday, June 6th. This represents a $3.76 dividend on an annualized basis and a yield of 0.96%. Trane Technologies's dividend payout ratio (DPR) is 33.42%.

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.