XTX Topco Ltd Has $1.12 Million Position in Trane Technologies plc (NYSE:TT)

XTX Topco Ltd lifted its position in Trane Technologies plc (NYSE:TT - Free Report) by 456.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,039 shares of the company's stock after buying an additional 2,493 shares during the period. XTX Topco Ltd's holdings in Trane Technologies were worth $1,122,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Wealth Strategies & Associates acquired a new position in shares of Trane Technologies during the fourth quarter worth about $26,000. Sound Income Strategies LLC raised its holdings in shares of Trane Technologies by 1,314.3% in the fourth quarter. Sound Income Strategies LLC now owns 99 shares of the company's stock valued at $37,000 after purchasing an additional 92 shares during the last quarter. Flagship Wealth Advisors LLC acquired a new position in Trane Technologies during the fourth quarter worth $37,000. Golden State Wealth Management LLC acquired a new stake in Trane Technologies in the 4th quarter valued at $39,000. Finally, BankPlus Trust Department bought a new position in shares of Trane Technologies in the 4th quarter valued at about $45,000. 82.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on TT. Barclays lowered their price target on Trane Technologies from $500.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. UBS Group lowered their price objective on shares of Trane Technologies from $500.00 to $470.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Melius lowered Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price objective on the stock. in a research note on Tuesday, January 28th. Melius Research reiterated a "hold" rating and set a $398.00 target price on shares of Trane Technologies in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada increased their price objective on shares of Trane Technologies from $390.00 to $395.00 and gave the company a "sector perform" rating in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Trane Technologies has an average rating of "Hold" and an average price target of $405.31.

Trane Technologies Price Performance

NYSE TT traded down $8.74 on Monday, hitting $324.43. 189,112 shares of the company's stock were exchanged, compared to its average volume of 1,298,071. Trane Technologies plc has a 52 week low of $288.95 and a 52 week high of $422.00. The stock has a 50-day moving average of $344.98 and a 200-day moving average of $374.66. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58. The stock has a market cap of $72.77 billion, a price-to-earnings ratio of 28.84, a P/E/G ratio of 2.50 and a beta of 1.08.

Trane Technologies (NYSE:TT - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $2.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.52 by $0.09. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. Analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.16%. Trane Technologies's payout ratio is presently 33.42%.

Insider Activity

In related news, SVP Evan M. Turtz sold 318 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $358.12, for a total transaction of $113,882.16. Following the completion of the transaction, the senior vice president now directly owns 20,513 shares of the company's stock, valued at $7,346,115.56. This trade represents a 1.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David S. Regnery sold 2,754 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $357.34, for a total value of $984,114.36. Following the completion of the sale, the chief executive officer now directly owns 132,969 shares of the company's stock, valued at approximately $47,515,142.46. The trade was a 2.03 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,234 shares of company stock worth $2,588,102. Insiders own 0.38% of the company's stock.

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.