Gamco Investors INC. ET AL Buys 4,503 Shares of Trane Technologies plc (NYSE:TT)

Gamco Investors INC. ET AL boosted its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 61.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,817 shares of the company's stock after purchasing an additional 4,503 shares during the period. Gamco Investors INC. ET AL's holdings in Trane Technologies were worth $4,365,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Global Wealth Strategies & Associates bought a new stake in shares of Trane Technologies during the 4th quarter worth $26,000. Sound Income Strategies LLC boosted its holdings 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. Flagship Wealth Advisors LLC bought a new stake in shares of Trane Technologies during the 4th quarter worth $37,000. Golden State Wealth Management LLC bought a new stake in shares of Trane Technologies during the 4th quarter worth $39,000. Finally, BankPlus Trust Department bought a new stake in shares of Trane Technologies during the 4th quarter worth $45,000. 82.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TT has been the subject of several recent analyst reports. UBS Group decreased their price objective on shares of Trane Technologies from $500.00 to $470.00 and set a "buy" rating for the company in a report on Friday, January 31st. Wells Fargo & Company decreased their price objective on shares of Trane Technologies from $380.00 to $360.00 and set an "underweight" rating for the company in a report on Friday, January 31st. JPMorgan Chase & Co. cut their target price on shares of Trane Technologies from $396.00 to $323.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Barclays cut their target price on shares of Trane Technologies from $500.00 to $475.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. Finally, Royal Bank of Canada upped their target price on shares of Trane Technologies from $390.00 to $395.00 and gave the company a "sector perform" rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $405.31.

Trane Technologies Trading Up 3.0 %

NYSE:TT traded up $10.00 during trading hours on Wednesday, hitting $342.62. 640,887 shares of the stock were exchanged, compared to its average volume of 1,608,188. The company's 50 day moving average is $343.62 and its two-hundred day moving average is $373.91. Trane Technologies plc has a twelve month low of $291.37 and a twelve 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 company has a market capitalization of $76.85 billion, a P/E ratio of 30.46, a price-to-earnings-growth ratio of 2.50 and a beta of 1.08.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.61 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Friday, June 6th. Trane Technologies's dividend payout ratio (DPR) is currently 33.42%.

Insider Activity

In other Trane Technologies 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 completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Christopher J. Kuehn sold 770 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $358.39, for a total value of $275,960.30. Following the transaction, the chief financial officer now owns 62,221 shares of the company's stock, valued at approximately $22,299,384.19. This trade represents a 1.22 % 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 in the last 90 days. 0.38% of the stock is owned by company insiders.

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.