Cumberland Partners Ltd Purchases Shares of 6,175 Trane Technologies plc (NYSE:TT)

Cumberland Partners Ltd purchased 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 Securities and Exchange Commission (SEC). The fund purchased 6,175 shares of the company's stock, valued at approximately $2,281,000.

Other large investors also recently bought and sold shares of the company. Global Wealth Strategies & Associates acquired a new position in Trane Technologies in the fourth quarter valued at approximately $26,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Trane Technologies during the 3rd quarter worth approximately $27,000. DT Investment Partners LLC acquired a new position in shares of Trane Technologies during the 3rd quarter worth approximately $36,000. Sound Income Strategies LLC raised its stake in shares of Trane Technologies by 1,314.3% during the 4th quarter. Sound Income Strategies LLC now owns 99 shares of the company's stock worth $37,000 after buying an additional 92 shares during the period. Finally, Pittenger & Anderson Inc. acquired a new position in shares of Trane Technologies during the 3rd quarter worth approximately $39,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Trading Down 3.3 %

Shares of Trane Technologies stock traded down $12.08 during trading hours on Friday, hitting $354.56. The company's stock had a trading volume of 1,163,504 shares, compared to its average volume of 1,574,725. Trane Technologies plc has a twelve month low of $279.00 and a twelve month high of $422.00. The firm has a fifty day moving average of $374.82 and a 200-day moving average of $379.44. The stock has a market cap of $79.52 billion, a price-to-earnings ratio of 31.52, a P/E/G ratio of 2.50 and a beta of 1.05. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21.

Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.61 EPS for the quarter, beating 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 forecast that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Friday, March 7th. This is a positive change from Trane Technologies's previous quarterly dividend of $0.84. Trane Technologies's dividend payout ratio is 29.87%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TT shares. Wells Fargo & Company reduced their target price on Trane Technologies from $380.00 to $360.00 and set an "underweight" rating for the company in a research note on Friday, January 31st. HSBC downgraded Trane Technologies from a "buy" rating to a "hold" rating and set a $405.00 target price for the company. in a research note on Thursday, October 31st. UBS Group dropped their price target on Trane Technologies from $500.00 to $470.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Barclays boosted their price target on Trane Technologies from $440.00 to $500.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. boosted their price target on Trane Technologies from $387.00 to $396.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $415.25.

Insider Activity

In related news, CEO David S. Regnery sold 2,754 shares of the stock in a transaction dated 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 of the company's stock, 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 this hyperlink. Also, SVP Mairead Magner sold 4,329 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total value of $1,800,864.00. Following the transaction, the senior vice president now directly owns 12,893 shares in the company, 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. Insiders have sold a total of 11,563 shares of company stock valued at $4,388,966 in the last quarter. 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.