Quantbot Technologies LP Raises Holdings in Trane Technologies plc (NYSE:TT)

Quantbot Technologies LP lifted its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 131.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,593 shares of the company's stock after buying an additional 15,101 shares during the period. Quantbot Technologies LP's holdings in Trane Technologies were worth $9,822,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cobblestone Capital Advisors LLC NY lifted its position in 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 acquiring an additional 27 shares during the period. Wescott Financial Advisory Group LLC raised its stake in shares of Trane Technologies by 1.7% during the third quarter. Wescott Financial Advisory Group LLC now owns 1,723 shares of the company's stock worth $670,000 after purchasing an additional 28 shares during the last quarter. Secured Retirement Advisors LLC lifted its holdings in shares of Trane Technologies by 0.6% during the fourth quarter. Secured Retirement Advisors LLC now owns 4,628 shares of the company's stock worth $1,709,000 after purchasing an additional 28 shares during the period. First Citizens Financial Corp grew its position 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 during the last quarter. Finally, Catalina Capital Group LLC increased its stake in Trane Technologies by 3.2% in the 4th quarter. Catalina Capital Group LLC now owns 924 shares of the company's stock valued at $341,000 after buying an additional 29 shares during the period. Hedge funds and other institutional investors own 82.97% of the company's stock.

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Insider Activity

In other news, SVP Mairead Magner sold 198 shares of Trane Technologies stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $357.61, for a total value of $70,806.78. Following the completion of the sale, the senior vice president now owns 13,401 shares of the company's stock, valued at $4,792,331.61. The trade was a 1.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David S. Regnery sold 2,754 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $357.34, for a total value of $984,114.36. Following the completion of the transaction, the chief executive officer now 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 disclosure for this sale can be found here. Insiders sold a total of 7,234 shares of company stock valued at $2,588,102 over the last 90 days. Insiders own 0.38% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on TT. JPMorgan Chase & Co. lifted their target price on shares of Trane Technologies from $387.00 to $396.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Melius lowered Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price objective on the stock. in a report on Tuesday, January 28th. Melius Research reissued a "hold" rating and set a $398.00 target price on shares of Trane Technologies in a research note on Tuesday, January 28th. Wells Fargo & Company reduced their price target on Trane Technologies from $380.00 to $360.00 and set an "underweight" rating for the company in a report on Friday, January 31st. Finally, Barclays cut their price objective on Trane Technologies from $500.00 to $475.00 and set an "overweight" rating for the company 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 company's stock. According to MarketBeat.com, Trane Technologies presently has an average rating of "Hold" and a consensus price target of $413.69.

Trane Technologies Price Performance

Shares of Trane Technologies stock traded down $11.71 during trading on Wednesday, hitting $352.29. 2,686,815 shares of the company were exchanged, compared to its average volume of 1,176,119. The firm has a 50 day moving average price of $360.50 and a 200 day moving average price of $380.25. The stock has a market capitalization of $79.01 billion, a price-to-earnings ratio of 31.31, a P/E/G ratio of 2.50 and a beta of 1.08. 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 $286.32 and a fifty-two week high of $422.00.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Trane Technologies's previous quarterly dividend of $0.84. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.07%. Trane Technologies's payout ratio is 33.42%.

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.