Trane Technologies plc (NYSE:TT) Shares Purchased by World Investment Advisors

World Investment Advisors raised its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,691 shares of the company's stock after purchasing an additional 4,110 shares during the quarter. World Investment Advisors' holdings in Trane Technologies were worth $14,291,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. OneAscent Financial Services LLC raised its position in Trane Technologies by 13.5% in the 4th quarter. OneAscent Financial Services LLC now owns 2,567 shares of the company's stock worth $948,000 after buying an additional 305 shares during the last quarter. Huntington National Bank grew its stake in shares of Trane Technologies by 14.5% in the fourth quarter. Huntington National Bank now owns 6,105 shares of the company's stock worth $2,255,000 after acquiring an additional 771 shares during the period. Kesler Norman & Wride LLC purchased a new position in shares of Trane Technologies during the fourth quarter valued at approximately $483,000. RFG Bristol Wealth Advisors LLC bought a new position in Trane Technologies during the fourth quarter valued at approximately $2,023,000. Finally, Meeder Advisory Services Inc. boosted its holdings in Trane Technologies by 3.8% in the fourth quarter. Meeder Advisory Services Inc. now owns 7,004 shares of the company's stock worth $2,587,000 after purchasing an additional 258 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wells Fargo & Company reduced their price objective on Trane Technologies from $380.00 to $360.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. Royal Bank of Canada increased 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 note on Friday, January 3rd. Melius lowered Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price objective for the company. in a research note on Tuesday, January 28th. Melius Research reaffirmed a "hold" rating and set a $398.00 target price on shares of Trane Technologies in a research note on Tuesday, January 28th. Finally, UBS Group decreased their price objective on Trane Technologies from $500.00 to $470.00 and set a "buy" rating on the stock in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $413.69.

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Insider Buying and Selling

In related news, CFO Christopher J. Kuehn sold 770 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $358.39, for a total transaction of $275,960.30. Following the sale, the chief financial officer now directly owns 62,221 shares of the company's stock, valued at $22,299,384.19. This trade represents a 1.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Evan M. Turtz sold 318 shares of Trane Technologies stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $358.12, for a total transaction of $113,882.16. Following the transaction, the senior vice president now directly owns 20,513 shares of the company's stock, valued at approximately $7,346,115.56. This trade represents a 1.53 % decrease in their ownership of the stock. 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. Corporate insiders own 0.38% of the company's stock.

Trane Technologies Stock Up 2.8 %

Shares of Trane Technologies stock traded up $8.87 on Tuesday, reaching $325.04. The stock had a trading volume of 532,213 shares, compared to its average volume of 1,268,988. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $72.90 billion, a P/E ratio of 28.86, a P/E/G ratio of 2.50 and a beta of 1.08. The company has a 50 day moving average price of $350.60 and a 200 day moving average price of $378.54. Trane Technologies plc has a 1 year low of $286.32 and a 1 year high of $422.00.

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, topping 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, equities research analysts forecast that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Friday, June 6th. Trane Technologies's payout ratio is currently 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.