Trane Technologies plc (NYSE:TT) Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 379.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 306,165 shares of the company's stock after purchasing an additional 242,271 shares during the period. Sei Investments Co. owned 0.14% of Trane Technologies worth $91,909,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TT. Norges Bank bought a new stake in Trane Technologies in the 4th quarter valued at $655,804,000. International Assets Investment Management LLC increased its holdings in shares of Trane Technologies by 24,670.7% in the fourth quarter. International Assets Investment Management LLC now owns 1,034,423 shares of the company's stock worth $252,296,000 after purchasing an additional 1,030,247 shares during the last quarter. TD Asset Management Inc lifted its position in shares of Trane Technologies by 719.8% in the fourth quarter. TD Asset Management Inc now owns 750,894 shares of the company's stock worth $183,143,000 after buying an additional 659,299 shares in the last quarter. Putnam Investments LLC boosted its stake in Trane Technologies by 27,824.4% during the fourth quarter. Putnam Investments LLC now owns 572,730 shares of the company's stock valued at $139,689,000 after buying an additional 570,679 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in Trane Technologies by 36.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,639,058 shares of the company's stock valued at $332,581,000 after buying an additional 436,997 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TT. Robert W. Baird increased their target price on Trane Technologies from $344.00 to $360.00 and gave the company a "neutral" rating in a research report on Monday. Stephens increased their price objective on shares of Trane Technologies from $310.00 to $320.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price objective on shares of Trane Technologies from $247.00 to $300.00 and gave the stock a "neutral" rating in a research note on Thursday, May 2nd. Citigroup upped their target price on shares of Trane Technologies from $355.00 to $366.00 and gave the company a "buy" rating in a research report on Wednesday, May 1st. Finally, Mizuho lifted their price target on Trane Technologies from $280.00 to $325.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $312.36.

Trane Technologies Trading Down 0.8 %

Shares of TT stock traded down $2.81 on Monday, reaching $341.00. 1,071,323 shares of the company's stock were exchanged, compared to its average volume of 1,088,556. The company's fifty day simple moving average is $331.17 and its 200 day simple moving average is $297.61. The stock has a market capitalization of $77.19 billion, a PE ratio of 36.43, a P/E/G ratio of 2.66 and a beta of 1.01. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 0.58. Trane Technologies plc has a 52 week low of $184.02 and a 52 week high of $347.33.

Trane Technologies (NYSE:TT - Get Free Report) last issued its earnings results on Tuesday, April 30th. The company reported $1.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.30. The firm had revenue of $4.22 billion during the quarter, compared to analyst estimates of $3.99 billion. Trane Technologies had a net margin of 11.81% and a return on equity of 32.78%. The business's revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.41 earnings per share. As a group, analysts forecast that Trane Technologies plc will post 10.49 EPS for the current year.

Trane Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, September 6th. Trane Technologies's dividend payout ratio (DPR) is presently 35.90%.

Insider Activity

In other Trane Technologies news, SVP Evan M. Turtz sold 8,988 shares of the company's stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $321.30, for a total value of $2,887,844.40. Following the completion of the sale, the senior vice president now directly owns 20,758 shares in the company, valued at approximately $6,669,545.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Christopher J. Kuehn sold 4,000 shares of Trane Technologies stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $318.67, for a total transaction of $1,274,680.00. Following the transaction, the chief financial officer now directly owns 61,293 shares of the company's stock, valued at $19,532,240.31. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Evan M. Turtz sold 8,988 shares of the company's stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $321.30, for a total value of $2,887,844.40. Following the sale, the senior vice president now owns 20,758 shares of the company's stock, valued at approximately $6,669,545.40. The disclosure for this sale can be found here. Insiders own 0.38% of the company's stock.

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.