Gladstone Institutional Advisory LLC Boosts Holdings in Trane Technologies plc (NYSE:TT)

Gladstone Institutional Advisory LLC lifted its stake in Trane Technologies plc (NYSE:TT - Free Report) by 219.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,183 shares of the company's stock after buying an additional 3,558 shares during the period. Gladstone Institutional Advisory LLC's holdings in Trane Technologies were worth $1,914,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TT. Certuity LLC grew its holdings in shares of Trane Technologies by 67.0% during the fourth quarter. Certuity LLC now owns 940 shares of the company's stock worth $347,000 after purchasing an additional 377 shares during the last quarter. Sage Private Wealth Group LLC grew its stake in Trane Technologies by 13.1% during the 4th quarter. Sage Private Wealth Group LLC now owns 822 shares of the company's stock worth $304,000 after buying an additional 95 shares during the last quarter. Community Bank & Trust Waco Texas increased its position in Trane Technologies by 3.8% during the fourth quarter. Community Bank & Trust Waco Texas now owns 1,843 shares of the company's stock worth $681,000 after buying an additional 68 shares during the period. Sovran Advisors LLC purchased a new stake in Trane Technologies in the fourth quarter valued at approximately $201,000. Finally, Strengthening Families & Communities LLC boosted its holdings in shares of Trane Technologies by 4.4% in the fourth quarter. Strengthening Families & Communities LLC now owns 4,960 shares of the company's stock valued at $1,832,000 after acquiring an additional 209 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Trane Technologies

In other news, CEO David S. Regnery sold 2,754 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was 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. The trade was a 2.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Christopher J. Kuehn sold 770 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $358.39, for a total value of $275,960.30. Following the sale, the chief financial officer now directly owns 62,221 shares in the company, valued at approximately $22,299,384.19. The trade was a 1.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,563 shares of company stock valued at $4,388,966 in the last 90 days. 0.38% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wells Fargo & Company cut their target price on shares of Trane Technologies from $380.00 to $360.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. Melius Research restated a "hold" rating and issued a $398.00 price objective on shares of Trane Technologies in a research note on Tuesday, January 28th. Citigroup decreased their target price on shares of Trane Technologies from $478.00 to $476.00 and set a "buy" rating for the company in a research note on Monday, January 13th. UBS Group dropped their price target 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. Finally, Royal Bank of Canada increased their price objective on Trane Technologies from $390.00 to $395.00 and gave the stock a "sector perform" rating in a research report on Friday, January 3rd. One 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $415.25.

Trane Technologies Price Performance

TT stock traded up $2.30 during trading on Friday, reaching $363.58. 1,019,591 shares of the company were exchanged, compared to its average volume of 1,525,975. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21. The stock's 50 day moving average price is $378.44 and its 200 day moving average price is $378.78. Trane Technologies plc has a 52-week low of $270.50 and a 52-week high of $422.00. The company has a market cap of $81.81 billion, a P/E ratio of 32.32, a PEG ratio of 2.44 and a beta of 1.05.

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, 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%. As a group, analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a $0.94 dividend. This is a positive change from Trane Technologies's previous quarterly dividend of $0.84. The ex-dividend date is Friday, March 7th. This represents a $3.76 annualized dividend and a yield of 1.03%. Trane Technologies's dividend payout ratio is 29.87%.

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.