Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 109,096 shares of the company's stock after purchasing an additional 5,901 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC's holdings in Trane Technologies were worth $40,295,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Secured Retirement Advisors LLC increased its holdings in Trane Technologies by 0.6% in the 4th quarter. Secured Retirement Advisors LLC now owns 4,628 shares of the company's stock worth $1,709,000 after acquiring an additional 28 shares in the last quarter. First Citizens Financial Corp lifted its stake in Trane Technologies by 4.6% in the 4th quarter. First Citizens Financial Corp now owns 656 shares of the company's stock valued at $242,000 after buying an additional 29 shares in the last quarter. Catalina Capital Group LLC increased its stake in Trane Technologies by 3.2% during the 4th quarter. Catalina Capital Group LLC now owns 924 shares of the company's stock worth $341,000 after buying an additional 29 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of Trane Technologies by 0.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 5,538 shares of the company's stock valued at $2,046,000 after acquiring an additional 29 shares in the last quarter. Finally, Kanawha Capital Management LLC boosted its stake in shares of Trane Technologies by 0.6% in the fourth quarter. Kanawha Capital Management LLC now owns 4,712 shares of the company's stock worth $1,740,000 after acquiring an additional 29 shares during the last quarter. Institutional investors own 82.97% of the company's stock.
Trane Technologies Stock Up 1.5 %
Shares of Trane Technologies stock traded up $5.19 during trading on Friday, hitting $348.23. 1,677,708 shares of the stock traded hands, compared to its average volume of 1,309,370. 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 has a market cap of $78.10 billion, a P/E ratio of 30.95, a PEG ratio of 2.50 and a beta of 1.08. The company has a fifty day moving average price of $342.66 and a two-hundred day moving average price of $373.33. Trane Technologies plc has a twelve month low of $291.37 and a twelve month high of $422.00.
Trane Technologies (NYSE:TT - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.09. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. Equities research analysts predict that Trane Technologies plc will post 12.83 EPS for the current fiscal year.
Trane Technologies Dividend Announcement
The business 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 annualized dividend and a yield of 1.08%. Trane Technologies's dividend payout ratio (DPR) is presently 33.42%.
Insider Buying and Selling at Trane Technologies
In other news, CEO David S. Regnery sold 2,754 shares of the business's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $357.34, for a total transaction of $984,114.36. Following the completion of the sale, 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 at this link. Also, CFO Christopher J. Kuehn sold 876 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $357.42, for a total value of $313,099.92. Following the transaction, the chief financial officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,234 shares of company stock valued at $2,588,102 in the last three months. Corporate insiders own 0.38% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on TT shares. UBS Group decreased their price target on shares of Trane Technologies from $500.00 to $470.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Barclays cut their price target on Trane Technologies from $500.00 to $475.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Melius Research reissued a "hold" rating and set a $398.00 price objective on shares of Trane Technologies in a research note on Tuesday, January 28th. JPMorgan Chase & Co. reduced their price target on Trane Technologies from $396.00 to $323.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Citigroup dropped their price objective on shares of Trane Technologies from $476.00 to $415.00 and set a "buy" rating for the company in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $405.94.
View Our Latest Stock Report on TT
Trane Technologies Company Profile
(
Free Report)
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.
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