MML Investors Services LLC Purchases 2,257 Shares of Trane Technologies plc (NYSE:TT)

MML Investors Services LLC increased its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 12.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,767 shares of the company's stock after purchasing an additional 2,257 shares during the period. MML Investors Services LLC's holdings in Trane Technologies were worth $8,073,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TT. Trust Point Inc. boosted its holdings in Trane Technologies by 3.1% during the third quarter. Trust Point Inc. now owns 897 shares of the company's stock valued at $349,000 after acquiring an additional 27 shares during the period. Cobblestone Capital Advisors LLC NY boosted its holdings in Trane Technologies by 1.8% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 1,490 shares of the company's stock valued at $579,000 after acquiring an additional 27 shares during the period. First Pacific Financial boosted its holdings in Trane Technologies by 1.1% during the third quarter. First Pacific Financial now owns 2,674 shares of the company's stock valued at $1,039,000 after acquiring an additional 28 shares during the period. Wescott Financial Advisory Group LLC boosted its holdings in Trane Technologies by 1.7% during the third quarter. Wescott Financial Advisory Group LLC now owns 1,723 shares of the company's stock valued at $670,000 after acquiring an additional 28 shares during the period. Finally, Greenleaf Trust boosted its holdings in Trane Technologies by 0.5% during the third quarter. Greenleaf Trust now owns 5,852 shares of the company's stock valued at $2,275,000 after acquiring an additional 29 shares during the period. 82.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Trane Technologies

In other news, SVP Mairead Magner sold 4,329 shares of Trane Technologies stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total value of $1,800,864.00. Following the completion of the transaction, the senior vice president now owns 12,893 shares of the company's stock, valued at $5,363,488. This trade represents a 25.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TT shares. HSBC cut shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $405.00 price target for the company. in a report on Thursday, October 31st. Mizuho upped their price objective on shares of Trane Technologies from $325.00 to $400.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Hsbc Global Res lowered shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 31st. Wells Fargo & Company upped their price objective on shares of Trane Technologies from $320.00 to $360.00 and gave the company an "underweight" rating in a research report on Monday, October 7th. Finally, Robert W. Baird cut their price objective on shares of Trane Technologies from $408.00 to $404.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $409.93.

Trane Technologies Stock Down 0.1 %

Shares of NYSE:TT traded down $0.47 during midday trading on Thursday, reaching $399.66. 993,729 shares of the company were exchanged, compared to its average volume of 1,117,751. Trane Technologies plc has a fifty-two week low of $233.76 and a fifty-two week high of $422.00. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 0.57. The stock has a fifty day simple moving average of $401.58 and a two-hundred day simple moving average of $363.61. The firm has a market cap of $89.93 billion, a PE ratio of 37.12, a P/E/G ratio of 2.50 and a beta of 1.03.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, topping analysts' consensus estimates of $3.23 by $0.14. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same period last year, the business posted $2.79 earnings per share. The firm's quarterly revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts forecast that Trane Technologies plc will post 11.13 earnings per share for the current year.

Trane Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a $0.84 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.36 annualized dividend and a yield of 0.84%. Trane Technologies's payout ratio is currently 31.17%.

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.