SageView Advisory Group LLC Purchases 2,058 Shares of Trane Technologies plc (NYSE:TT)

SageView Advisory Group LLC boosted its stake in Trane Technologies plc (NYSE:TT - Free Report) by 25.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,139 shares of the company's stock after purchasing an additional 2,058 shares during the period. SageView Advisory Group LLC's holdings in Trane Technologies were worth $3,745,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TT. Norges Bank acquired a new position in Trane Technologies during the 4th quarter worth about $1,117,816,000. Raymond James Financial Inc. acquired a new stake in Trane Technologies in the fourth quarter valued at approximately $611,322,000. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Trane Technologies by 455.2% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 427,226 shares of the company's stock valued at $167,977,000 after acquiring an additional 350,277 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Trane Technologies by 42.9% during the fourth quarter. Nordea Investment Management AB now owns 978,275 shares of the company's stock worth $361,874,000 after purchasing an additional 293,916 shares during the period. Finally, Caisse Des Depots ET Consignations bought a new position in shares of Trane Technologies in the 4th quarter worth $98,560,000. Institutional investors own 82.97% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Melius Research reiterated a "hold" rating and set a $398.00 price target on shares of Trane Technologies in a research note on Tuesday, January 28th. Citigroup decreased their target price on Trane Technologies from $476.00 to $415.00 and set a "buy" rating for the company in a research report on Monday. Wells Fargo & Company lowered their price target on shares of Trane Technologies from $380.00 to $360.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on shares of Trane Technologies from $396.00 to $323.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada lifted their price objective on Trane Technologies from $390.00 to $395.00 and gave the company a "sector perform" rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Trane Technologies has an average rating of "Hold" and a consensus price target of $405.31.

Trane Technologies Stock Performance

Shares of Trane Technologies stock traded up $2.69 on Friday, hitting $333.33. 2,243,922 shares of the company's stock were exchanged, compared to its average volume of 1,297,823. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21. The stock has a market capitalization of $74.76 billion, a PE ratio of 29.63, a PEG ratio of 2.50 and a beta of 1.08. Trane Technologies plc has a 1 year low of $286.32 and a 1 year high of $422.00. The company has a 50-day simple moving average of $345.60 and a 200-day simple moving average of $375.21.

Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly earnings results 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%. As a group, equities analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 yield of 1.13%. Trane Technologies's dividend payout ratio is presently 33.42%.

Insiders Place Their Bets

In other Trane Technologies news, CEO David S. Regnery sold 2,754 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $357.34, for a total transaction of $984,114.36. Following the sale, the chief executive officer now directly owns 132,969 shares in the company, valued at $47,515,142.46. This represents a 2.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Christopher J. Kuehn sold 770 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $358.39, for a total value of $275,960.30. Following the transaction, the chief financial officer now directly owns 62,221 shares in the company, valued at approximately $22,299,384.19. This represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,234 shares of company stock worth $2,588,102 in the last three months. 0.38% of the stock is owned by company insiders.

About Trane Technologies

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.