Norinchukin Bank The Has $3.83 Million Stock Position in Trane Technologies plc (NYSE:TT)

Norinchukin Bank The grew its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,356 shares of the company's stock after acquiring an additional 935 shares during the quarter. Norinchukin Bank The's holdings in Trane Technologies were worth $3,825,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Capital World Investors increased its position in shares of Trane Technologies by 7.0% during the 4th quarter. Capital World Investors now owns 1,186,197 shares of the company's stock worth $438,144,000 after purchasing an additional 77,173 shares during the last quarter. Covalis Capital LLP acquired a new position in Trane Technologies during the fourth quarter worth $3,696,000. Dimensional Fund Advisors LP raised its position in Trane Technologies by 10.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 793,607 shares of the company's stock worth $293,140,000 after acquiring an additional 72,350 shares in the last quarter. First Trust Advisors LP lifted its stake in Trane Technologies by 80.4% in the fourth quarter. First Trust Advisors LP now owns 218,934 shares of the company's stock valued at $80,863,000 after acquiring an additional 97,543 shares during the last quarter. Finally, GeoWealth Management LLC grew its position in shares of Trane Technologies by 20.4% in the 4th quarter. GeoWealth Management LLC now owns 1,067 shares of the company's stock valued at $394,000 after acquiring an additional 181 shares during the period. Institutional investors own 82.97% of the company's stock.

Trane Technologies Price Performance

Shares of TT traded up $6.96 during trading hours on Thursday, hitting $342.83. 1,261,471 shares of the company were exchanged, compared to its average volume of 1,306,306. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58. Trane Technologies plc has a fifty-two week low of $291.37 and a fifty-two week high of $422.00. The company has a market cap of $76.89 billion, a price-to-earnings ratio of 30.47, a P/E/G ratio of 2.50 and a beta of 1.08. The firm's fifty day moving average is $343.08 and its 200 day moving average is $373.66.

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

Trane Technologies Dividend Announcement

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

Insider Buying and Selling

In related news, SVP Mairead Magner sold 198 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $357.61, for a total value of $70,806.78. Following the completion of the transaction, the senior vice president now owns 13,401 shares of the company's stock, valued at $4,792,331.61. This represents a 1.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Evan M. Turtz sold 318 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $358.12, for a total value of $113,882.16. Following the completion of the transaction, the senior vice president now owns 20,513 shares of the company's stock, valued at $7,346,115.56. The trade was a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,234 shares of company stock worth $2,588,102 in the last ninety days. 0.38% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TT has been the subject of several recent analyst reports. Citigroup cut their target price on shares of Trane Technologies from $476.00 to $415.00 and set a "buy" rating for the company in a research note on Monday, April 14th. JPMorgan Chase & Co. reduced their target price on Trane Technologies from $396.00 to $323.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Melius Research restated a "hold" rating and issued a $398.00 price target on shares of Trane Technologies in a research note on Tuesday, January 28th. Royal Bank of Canada lifted their price objective on shares of Trane Technologies from $390.00 to $395.00 and gave the stock a "sector perform" rating in a research report on Friday, January 3rd. Finally, Barclays dropped their price objective on shares of Trane Technologies from $500.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Trane Technologies presently has a consensus rating of "Hold" and an average target price of $405.31.

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.