APG Asset Management N.V. Grows Holdings in Trane Technologies plc (NYSE:TT)

APG Asset Management N.V. boosted its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 367.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 152,295 shares of the company's stock after acquiring an additional 119,729 shares during the quarter. APG Asset Management N.V. owned 0.07% of Trane Technologies worth $54,322,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TT. Global Wealth Strategies & Associates purchased a new position in Trane Technologies during the 4th quarter worth $26,000. Sound Income Strategies LLC grew its position in 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 purchasing an additional 92 shares during the period. Flagship Wealth Advisors LLC acquired a new position in Trane Technologies in the fourth quarter valued at approximately $37,000. Golden State Wealth Management LLC purchased a new stake in Trane Technologies in the 4th quarter worth approximately $39,000. Finally, BankPlus Trust Department acquired a new stake in shares of Trane Technologies during the 4th quarter worth approximately $45,000. Institutional investors own 82.97% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Barclays dropped their price target on shares of 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 dropped their target price on Trane Technologies from $500.00 to $470.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Melius Research reaffirmed a "hold" rating and set a $398.00 target price on shares of Trane Technologies in a research note on Tuesday, January 28th. Melius lowered Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price target on the stock. in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada boosted their target price on Trane Technologies from $390.00 to $395.00 and gave the stock a "sector perform" rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $409.13.

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Insider Buying and Selling at Trane Technologies

In related news, SVP Evan M. Turtz sold 318 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $358.12, for a total transaction of $113,882.16. Following the transaction, the senior vice president now owns 20,513 shares of the company's stock, valued at approximately $7,346,115.56. This represents a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Mairead Magner sold 198 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $357.61, for a total value of $70,806.78. Following the transaction, the senior vice president now directly owns 13,401 shares in the company, 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. In the last 90 days, insiders have sold 7,234 shares of company stock valued at $2,588,102. 0.38% of the stock is owned by corporate insiders.

Trane Technologies Stock Up 0.8 %

Shares of NYSE TT traded up $2.68 during mid-day trading on Monday, hitting $348.49. The company had a trading volume of 313,578 shares, compared to its average volume of 1,612,852. 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 1-year low of $286.32 and a 1-year high of $422.00. The company has a market capitalization of $78.16 billion, a PE ratio of 30.98, a price-to-earnings-growth ratio of 2.50 and a beta of 1.08. The business's 50-day simple moving average is $347.12 and its 200 day simple moving average is $376.38.

Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.61 earnings per share (EPS) for the quarter, topping 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%. On average, analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a dividend of $0.94 per share. The ex-dividend date is Friday, June 6th. This represents a $3.76 dividend on an annualized basis and a yield of 1.08%. Trane Technologies's payout ratio is currently 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.