2,996 Shares in Trane Technologies plc (NYSE:TT) Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP purchased 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 SEC. The firm purchased 2,996 shares of the company's stock, valued at approximately $1,107,000.

A number of other hedge funds also recently modified their holdings of TT. Global Wealth Strategies & Associates bought a new stake in shares of Trane Technologies in the fourth quarter valued at approximately $26,000. Sound Income Strategies LLC lifted its position in shares of Trane Technologies by 1,314.3% during the fourth quarter. Sound Income Strategies LLC now owns 99 shares of the company's stock worth $37,000 after acquiring an additional 92 shares in the last quarter. Flagship Wealth Advisors LLC purchased a new stake in shares of Trane Technologies during the fourth quarter worth $37,000. Golden State Wealth Management LLC bought a new position in shares of Trane Technologies in the fourth quarter worth $39,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Trane Technologies during the 3rd quarter worth about $44,000. Institutional investors own 82.97% of the company's stock.

Insiders Place Their Bets

In other Trane Technologies news, CEO David S. Regnery sold 2,754 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $357.34, for a total transaction of $984,114.36. Following the transaction, the chief executive officer now owns 132,969 shares in the company, valued at approximately $47,515,142.46. This represents a 2.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Christopher J. Kuehn sold 876 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $357.42, for a total value of $313,099.92. Following the completion of the transaction, the chief financial officer now directly owns 63,841 shares of the company's stock, valued at $22,818,050.22. This represents a 1.35 % 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. 0.38% of the stock is currently owned by corporate insiders.

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Wall Street Analyst Weigh In

TT has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their price target on shares of Trane Technologies from $390.00 to $395.00 and gave the stock a "sector perform" rating in a report on Friday, January 3rd. JPMorgan Chase & Co. raised their price target on shares of Trane Technologies from $387.00 to $396.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Melius Research restated a "hold" rating and set a $398.00 price target on shares of Trane Technologies in a research report on Tuesday, January 28th. UBS Group dropped their target price on shares of Trane Technologies from $500.00 to $470.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Finally, Wells Fargo & Company decreased their price target on shares of Trane Technologies from $380.00 to $360.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Trane Technologies currently has an average rating of "Hold" and an average target price of $413.69.

Trane Technologies Trading Up 1.8 %

Trane Technologies stock traded up $6.30 during trading hours on Tuesday, reaching $363.90. The stock had a trading volume of 1,492,951 shares, compared to its average volume of 1,167,099. The stock has a market cap of $81.62 billion, a PE ratio of 32.35, a PEG ratio of 2.50 and a beta of 1.08. The company has a fifty day simple moving average of $360.87 and a 200-day simple moving average of $380.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.21 and a quick ratio of 0.88. Trane Technologies plc has a 52 week low of $286.32 and a 52 week high of $422.00.

Trane Technologies (NYSE:TT - Get Free Report) last released 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%. Analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given 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 1.03%. The ex-dividend date of this dividend is Friday, March 7th. Trane Technologies's payout ratio is presently 33.42%.

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.