Bryn Mawr Capital Management LLC Acquires 7,287 Shares of Trane Technologies plc (NYSE:TT)

Bryn Mawr Capital Management LLC lifted its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 733.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,280 shares of the company's stock after buying an additional 7,287 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Trane Technologies were worth $3,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Global Wealth Strategies & Associates purchased a new position in shares of Trane Technologies during the 4th quarter worth approximately $26,000. MidAtlantic Capital Management Inc. purchased a new stake in Trane Technologies in the third quarter worth $27,000. DT Investment Partners LLC purchased a new position in Trane Technologies during the third quarter valued at $36,000. Sound Income Strategies LLC boosted its holdings in shares of Trane Technologies by 1,314.3% during the 4th quarter. Sound Income Strategies LLC now owns 99 shares of the company's stock valued at $37,000 after buying an additional 92 shares in the last quarter. Finally, Pittenger & Anderson Inc. purchased a new stake in shares of Trane Technologies in the 3rd quarter worth about $39,000. 82.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TT shares. UBS Group dropped their price objective on shares of Trane Technologies from $500.00 to $470.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. HSBC cut Trane Technologies from a "buy" rating to a "hold" rating and set a $405.00 price target on the stock. in a research report on Thursday, October 31st. Northcoast Research assumed coverage on Trane Technologies in a research note on Friday, November 22nd. They set a "buy" rating and a $500.00 price objective for the company. Robert W. Baird cut their price objective on shares of Trane Technologies from $408.00 to $404.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. Finally, Hsbc Global Res lowered Trane Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 31st. One investment 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. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $415.25.

Trane Technologies Stock Performance

Shares of NYSE:TT traded down $12.08 during mid-day trading on Friday, reaching $354.56. 1,163,504 shares of the company traded hands, compared to its average volume of 1,485,568. Trane Technologies plc has a 52 week low of $279.00 and a 52 week high of $422.00. The firm has a market cap of $79.52 billion, a PE ratio of 31.52, a PEG ratio of 2.53 and a beta of 1.05. The company's 50 day moving average price is $375.72 and its 200-day moving average price is $379.16. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.21 and a quick ratio of 0.88.

Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.52 by $0.09. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. On average, equities analysts expect that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $0.94 dividend. This is a positive change from Trane Technologies's previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Friday, March 7th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.06%. Trane Technologies's dividend payout ratio is 29.87%.

Insider Buying and Selling

In other Trane Technologies news, CFO Christopher J. Kuehn sold 876 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $357.42, for a total transaction of $313,099.92. Following the completion of the transaction, the chief financial officer now owns 63,841 shares of the company's stock, valued at $22,818,050.22. This represents a 1.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Evan M. Turtz sold 318 shares of Trane Technologies stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $358.12, for a total value of $113,882.16. Following the completion of the sale, the senior vice president now directly owns 20,513 shares in the company, valued at $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. Over the last 90 days, insiders sold 11,563 shares of company stock worth $4,388,966. 0.38% of the stock is owned by corporate 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.