Aware Super Pty Ltd as trustee of Aware Super Takes $32 Million Position in Trane Technologies plc (NYSE:TT)

Aware Super Pty Ltd as trustee of Aware Super purchased a new position in Trane Technologies plc (NYSE:TT - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 86,632 shares of the company's stock, valued at approximately $31,998,000.

Several other institutional investors and hedge funds have also bought and sold shares of TT. Secured Retirement Advisors LLC grew its position in Trane Technologies by 0.6% during the fourth quarter. Secured Retirement Advisors LLC now owns 4,628 shares of the company's stock valued at $1,709,000 after buying an additional 28 shares during the period. First Citizens Financial Corp boosted its position in Trane Technologies by 4.6% during the fourth quarter. First Citizens Financial Corp now owns 656 shares of the company's stock worth $242,000 after purchasing an additional 29 shares in the last quarter. Catalina Capital Group LLC lifted its position in shares of Trane Technologies by 3.2% during the 4th quarter. Catalina Capital Group LLC now owns 924 shares of the company's stock valued at $341,000 after buying an additional 29 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in Trane Technologies by 0.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 5,538 shares of the company's stock worth $2,046,000 after acquiring an additional 29 shares in the last quarter. Finally, Kanawha Capital Management LLC boosted its holdings in Trane Technologies by 0.6% in the 4th quarter. Kanawha Capital Management LLC now owns 4,712 shares of the company's stock worth $1,740,000 after buying an additional 29 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TT shares. Wells Fargo & Company lowered their price target on Trane Technologies from $380.00 to $360.00 and set an "underweight" rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on shares of Trane Technologies from $396.00 to $323.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada raised their price target on shares of Trane Technologies from $390.00 to $395.00 and gave the stock a "sector perform" rating in a research note on Friday, January 3rd. Melius cut shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price objective for the company. in a research note on Tuesday, January 28th. Finally, Citigroup decreased their target price on shares of Trane Technologies from $476.00 to $415.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. One equities research 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's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $405.31.

Insiders Place Their Bets

In other news, CFO Christopher J. Kuehn sold 876 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $357.42, for a total transaction of $313,099.92. Following the sale, the chief financial officer now owns 63,841 shares of the company's stock, valued at approximately $22,818,050.22. This trade represents a 1.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David S. Regnery sold 2,754 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $357.34, for a total value of $984,114.36. Following the completion of the transaction, the chief executive officer now directly owns 132,969 shares of the company's stock, valued at $47,515,142.46. This trade represents a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,234 shares of company stock worth $2,588,102 in the last quarter. 0.38% of the stock is owned by company insiders.

Trane Technologies Trading Up 0.8 %

TT stock traded up $2.69 during mid-day trading on Friday, hitting $333.33. 2,243,922 shares of the company were exchanged, compared to its average volume of 1,300,415. Trane Technologies plc has a 12-month low of $286.32 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 has a fifty day simple moving average of $344.98 and a 200-day simple moving average of $374.84. The firm has a market capitalization of $74.76 billion, a P/E ratio of 29.63, a PEG 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 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%. On average, equities research analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a dividend of $0.94 per share. The ex-dividend date is Friday, June 6th. This represents a $3.76 annualized dividend and a yield of 1.13%. Trane Technologies's payout ratio is 33.42%.

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.