J. Safra Sarasin Holding AG Purchases 63,096 Shares of Trane Technologies plc (NYSE:TT)

J. Safra Sarasin Holding AG lifted its position in Trane Technologies plc (NYSE:TT - Free Report) by 453.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,022 shares of the company's stock after buying an additional 63,096 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Trane Technologies were worth $28,448,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Stifel Financial Corp raised its holdings in shares of Trane Technologies by 1.6% in the 4th quarter. Stifel Financial Corp now owns 172,706 shares of the company's stock valued at $63,789,000 after acquiring an additional 2,769 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in Trane Technologies by 3.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 37,918 shares of the company's stock worth $14,012,000 after acquiring an additional 1,135 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Trane Technologies by 257.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 16,648 shares of the company's stock valued at $6,149,000 after acquiring an additional 11,996 shares during the last quarter. Sharpepoint LLC purchased a new stake in Trane Technologies during the fourth quarter valued at about $277,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Trane Technologies by 5.7% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 109,096 shares of the company's stock valued at $40,295,000 after purchasing an additional 5,901 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Stock Performance

Shares of TT traded up $5.19 during mid-day trading on Friday, hitting $348.23. 1,677,708 shares of the company traded hands, compared to its average volume of 1,309,370. Trane Technologies plc has a 1 year low of $291.37 and a 1 year high of $422.00. 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 50-day moving average price of $342.66 and a two-hundred day moving average price of $373.33. The stock has a market cap of $78.10 billion, a price-to-earnings ratio of 30.95, a P/E/G ratio of 2.50 and a beta of 1.08.

Trane Technologies (NYSE:TT - Get Free Report) last announced its 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 return on equity of 35.37% and a net margin of 12.94%. Equities analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Dividend Announcement

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 paid 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 dividend yield of 1.08%. Trane Technologies's dividend payout ratio (DPR) is presently 33.42%.

Insiders Place Their Bets

In other Trane Technologies news, CFO Christopher J. Kuehn sold 770 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $358.39, for a total transaction of $275,960.30. Following the completion of the transaction, the chief financial officer now owns 62,221 shares in the company, valued at $22,299,384.19. This trade represents a 1.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Evan M. Turtz sold 318 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $358.12, for a total transaction of $113,882.16. Following the completion of the sale, the senior vice president now owns 20,513 shares in the company, valued at $7,346,115.56. This represents a 1.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,234 shares of company stock worth $2,588,102. Company insiders own 0.38% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TT shares. Melius lowered shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price objective for the company. in a report on Tuesday, January 28th. JPMorgan Chase & Co. lowered their target price on Trane Technologies from $396.00 to $323.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. UBS Group decreased their price target on Trane Technologies from $500.00 to $470.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Citigroup dropped their price objective on Trane Technologies from $476.00 to $415.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Royal Bank of Canada boosted their price objective on shares of Trane Technologies from $390.00 to $395.00 and gave the company a "sector perform" rating in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $405.94.

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.