bLong Financial LLC Acquires Shares of 1,200 Trane Technologies plc (NYSE:TT)

bLong Financial LLC bought a new stake in Trane Technologies plc (NYSE:TT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,200 shares of the company's stock, valued at approximately $443,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Everhart Financial Group Inc. increased its stake in shares of Trane Technologies by 3.6% during the 4th quarter. Everhart Financial Group Inc. now owns 2,608 shares of the company's stock worth $963,000 after purchasing an additional 91 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in shares of Trane Technologies by 4.4% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 8,312 shares of the company's stock worth $3,070,000 after purchasing an additional 352 shares during the last quarter. Center for Financial Planning Inc. raised its position in shares of Trane Technologies by 1.6% in the fourth quarter. Center for Financial Planning Inc. now owns 2,120 shares of the company's stock valued at $783,000 after buying an additional 34 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in Trane Technologies by 2.9% during the fourth quarter. Valeo Financial Advisors LLC now owns 2,017 shares of the company's stock worth $745,000 after acquiring an additional 57 shares during the last quarter. Finally, AustralianSuper Pty Ltd grew its stake in Trane Technologies by 470.9% in the 4th quarter. AustralianSuper Pty Ltd now owns 179,794 shares of the company's stock worth $66,407,000 after acquiring an additional 148,302 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Evan M. Turtz sold 318 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $358.12, for a total value of $113,882.16. Following the transaction, the senior vice president now owns 20,513 shares in the company, valued at $7,346,115.56. The trade was a 1.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mairead Magner sold 4,329 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total transaction of $1,800,864.00. Following the sale, the senior vice president now owns 12,893 shares of the company's stock, valued at approximately $5,363,488. The trade was a 25.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,563 shares of company stock worth $4,388,966. 0.38% of the stock is owned by corporate insiders.

Trane Technologies Stock Performance

Shares of NYSE:TT traded up $7.13 during trading on Wednesday, reaching $370.04. 1,476,935 shares of the stock were exchanged, compared to its average volume of 1,506,417. 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 50-day moving average price of $376.98 and a 200-day moving average price of $379.31. Trane Technologies plc has a 12 month low of $270.50 and a 12 month high of $422.00. The firm has a market cap of $83.00 billion, a PE ratio of 32.89, a PEG ratio of 2.48 and a beta of 1.05.

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

Trane Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.94 per share. This is an increase from Trane Technologies's previous quarterly dividend of $0.84. This represents a $3.76 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Friday, March 7th. Trane Technologies's dividend payout ratio (DPR) is presently 29.87%.

Analyst Upgrades and Downgrades

TT has been the topic of a number of research analyst reports. Robert W. Baird lowered their price target on Trane Technologies from $408.00 to $404.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. Hsbc Global Res cut Trane Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. Wells Fargo & Company reduced their price target on shares of Trane Technologies from $380.00 to $360.00 and set an "underweight" rating for the company in a report on Friday, January 31st. Citigroup decreased their target price on shares of Trane Technologies from $478.00 to $476.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Finally, Melius downgraded shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 target price on the stock. in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $415.25.

Trane Technologies 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.