3,166 Shares in Trane Technologies plc (NYSE:TT) Bought by Natural Investments LLC

Natural Investments LLC purchased a new stake in Trane Technologies plc (NYSE:TT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,166 shares of the company's stock, valued at approximately $1,169,000.

Several other large investors have also made changes to their positions in TT. AGF Management Ltd. lifted its position in Trane Technologies by 4.3% during the 4th quarter. AGF Management Ltd. now owns 41,885 shares of the company's stock worth $15,470,000 after buying an additional 1,744 shares in the last quarter. Wealthfront Advisers LLC lifted its position in Trane Technologies by 6.1% during the 4th quarter. Wealthfront Advisers LLC now owns 29,049 shares of the company's stock valued at $10,729,000 after purchasing an additional 1,661 shares during the period. Gables Capital Management Inc. lifted its position in Trane Technologies by 90.4% during the 4th quarter. Gables Capital Management Inc. now owns 316 shares of the company's stock valued at $117,000 after purchasing an additional 150 shares during the period. Inspire Advisors LLC acquired a new stake in shares of Trane Technologies in the 4th quarter valued at approximately $776,000. Finally, Citizens Financial Group Inc. RI raised its position in shares of Trane Technologies by 8.1% in the 4th quarter. Citizens Financial Group Inc. RI now owns 2,601 shares of the company's stock valued at $961,000 after acquiring an additional 196 shares during the period. Institutional investors own 82.97% of the company's stock.

Analysts Set New Price Targets

TT has been the subject of a number of research reports. Royal Bank of Canada increased their target price on Trane Technologies from $390.00 to $395.00 and gave the stock a "sector perform" rating in a research note on Friday, January 3rd. Citigroup cut their price objective on Trane Technologies from $478.00 to $476.00 and set a "buy" rating for the company in a report on Monday, January 13th. Wells Fargo & Company cut their price objective on Trane Technologies from $380.00 to $360.00 and set an "underweight" rating for the company in a report on Friday, January 31st. Northcoast Research started coverage on Trane Technologies in a report on Friday, November 22nd. They set a "buy" rating and a $500.00 price target for the company. Finally, Melius downgraded Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 target price for the company. in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $413.69.

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Insider Buying and Selling

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 transaction of $113,882.16. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Mairead Magner sold 198 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $357.61, for a total value of $70,806.78. Following the sale, the senior vice president now owns 13,401 shares of the company's stock, valued at approximately $4,792,331.61. This represents a 1.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,234 shares of company stock valued at $2,588,102 over the last ninety days. 0.38% of the stock is owned by company insiders.

Trane Technologies Stock Performance

Trane Technologies stock opened at $334.57 on Wednesday. Trane Technologies plc has a 12-month low of $281.46 and a 12-month high of $422.00. 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's 50-day moving average price is $366.61 and its two-hundred day moving average price is $380.39. The stock has a market cap of $75.04 billion, a PE ratio of 29.74, 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%. As a group, analysts expect that Trane Technologies plc will post 12.83 earnings per share 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. Investors of record on Friday, March 7th will be paid a $0.94 dividend. This is a positive change from Trane Technologies's previous quarterly dividend of $0.84. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, March 7th. Trane Technologies's payout ratio is currently 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.

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