Ieq Capital LLC Grows Holdings in Trane Technologies plc (NYSE:TT)

Ieq Capital LLC boosted its position in Trane Technologies plc (NYSE:TT - Free Report) by 31.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,781 shares of the company's stock after purchasing an additional 5,257 shares during the quarter. Ieq Capital LLC's holdings in Trane Technologies were worth $8,045,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Private Wealth Partners LLC purchased a new position in shares of Trane Technologies during the fourth quarter valued at approximately $242,000. Private Advisor Group LLC increased its position in Trane Technologies by 20.9% during the 4th quarter. Private Advisor Group LLC now owns 10,342 shares of the company's stock valued at $3,820,000 after buying an additional 1,789 shares in the last quarter. Bryn Mawr Capital Management LLC raised its stake in Trane Technologies by 733.8% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 8,280 shares of the company's stock valued at $3,058,000 after buying an additional 7,287 shares during the last quarter. TKG Advisors LLC boosted its holdings in Trane Technologies by 5.3% in the fourth quarter. TKG Advisors LLC now owns 13,703 shares of the company's stock worth $5,493,000 after acquiring an additional 685 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of Trane Technologies by 7.7% in the fourth quarter. Global Retirement Partners LLC now owns 1,856 shares of the company's stock worth $686,000 after acquiring an additional 133 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

Trane Technologies Price Performance

TT traded down $12.08 on Friday, hitting $354.56. 1,163,504 shares of the company's stock traded hands, compared to its average volume of 1,485,568. Trane Technologies plc has a one year low of $279.00 and a one year high of $422.00. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58. The firm has a market cap of $79.52 billion, a price-to-earnings ratio of 31.52, a P/E/G ratio of 2.53 and a beta of 1.05. The company's 50 day simple moving average is $375.72 and its 200-day simple moving average is $379.16.

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, 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%. As a group, research analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Trane Technologies's previous quarterly dividend of $0.84. Trane Technologies's dividend payout ratio (DPR) is currently 29.87%.

Insider Transactions at Trane Technologies

In other Trane Technologies news, SVP Mairead Magner sold 198 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $357.61, for a total transaction of $70,806.78. Following the sale, the senior vice president now directly 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 legal filing with the SEC, which is available through this link. Also, CFO Christopher J. Kuehn sold 876 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $357.42, for a total value of $313,099.92. Following the completion of the sale, the chief financial officer now directly owns 63,841 shares of the company's stock, valued at $22,818,050.22. The trade was a 1.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,563 shares of company stock valued at $4,388,966 in the last ninety days. Corporate insiders own 0.38% of the company's stock.

Wall Street Analyst Weigh In

TT has been the subject of several recent analyst reports. Barclays lifted their price target on Trane Technologies from $440.00 to $500.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Citigroup reduced their price objective on shares of Trane Technologies from $478.00 to $476.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Robert W. Baird dropped their target price on shares of Trane Technologies from $408.00 to $404.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. Melius Research reaffirmed a "hold" rating and set a $398.00 price objective on shares of Trane Technologies in a research report on Tuesday, January 28th. Finally, HSBC cut shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $405.00 target price on the stock. in a report on Thursday, October 31st. 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, the stock currently has an average rating of "Hold" and an average target price of $415.25.

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.