Lbp Am Sa Has $2.86 Million Stock Position in Trane Technologies plc (NYSE:TT)

LBP AM SA reduced its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 35.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,732 shares of the company's stock after selling 4,291 shares during the quarter. LBP AM SA's holdings in Trane Technologies were worth $2,856,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cobblestone Capital Advisors LLC NY grew its position in shares of Trane Technologies by 1.8% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 1,490 shares of the company's stock worth $579,000 after buying an additional 27 shares during the period. Wescott Financial Advisory Group LLC grew its position in shares of Trane Technologies by 1.7% during the 3rd quarter. Wescott Financial Advisory Group LLC now owns 1,723 shares of the company's stock worth $670,000 after buying an additional 28 shares during the period. Secured Retirement Advisors LLC grew its position in shares of Trane Technologies by 0.6% during the 4th quarter. Secured Retirement Advisors LLC now owns 4,628 shares of the company's stock worth $1,709,000 after buying an additional 28 shares during the period. First Citizens Financial Corp grew its position in shares of Trane Technologies by 4.6% during the 4th quarter. First Citizens Financial Corp now owns 656 shares of the company's stock worth $242,000 after buying an additional 29 shares during the period. Finally, Catalina Capital Group LLC grew 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 worth $341,000 after buying an additional 29 shares during the period. 82.97% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TT. Melius lowered Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price objective for the company. in a research report on Tuesday, January 28th. Northcoast Research initiated coverage on Trane Technologies in a research report on Friday, November 22nd. They issued a "buy" rating and a $500.00 price objective for the company. Barclays cut their target price on Trane Technologies from $500.00 to $475.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Melius Research restated a "hold" rating and issued a $398.00 target price on shares of Trane Technologies in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company cut their target price 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $413.69.

Trane Technologies Stock Performance

Shares of TT traded down $0.82 during midday trading on Thursday, reaching $349.24. 1,253,238 shares of the stock were exchanged, compared to its average volume of 1,162,425. Trane Technologies plc has a twelve month low of $286.32 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 cap of $78.33 billion, a P/E ratio of 31.04, a PEG ratio of 2.50 and a beta of 1.08. The stock's 50 day simple moving average is $362.58 and its 200 day simple moving average is $379.83.

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 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, sell-side analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $0.94 dividend. The ex-dividend date is Friday, March 7th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.08%. This is a boost from Trane Technologies's previous quarterly dividend of $0.84. Trane Technologies's dividend payout ratio (DPR) is presently 33.42%.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, CFO Christopher J. Kuehn sold 770 shares of Trane Technologies 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 in the company, valued at $22,299,384.19. The trade was a 1.22 % 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, CEO David S. Regnery sold 2,318 shares of Trane Technologies stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $358.17, for a total value of $830,238.06. Following the completion of the transaction, the chief executive officer now owns 126,831 shares in the company, valued at approximately $45,427,059.27. This represents a 1.79 % 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 worth $2,588,102 over the last 90 days. Insiders own 0.38% of the company's stock.

Trane Technologies Company 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.