Trane Technologies plc (NYSE:TT) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,235,570 shares of the company's stock after purchasing an additional 152,353 shares during the period. Vanguard Group Inc. owned 8.55% of Trane Technologies worth $7,104,658,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stevens Capital Management LP increased its holdings in Trane Technologies by 134.0% in the 4th quarter. Stevens Capital Management LP now owns 1,301 shares of the company's stock valued at $481,000 after acquiring an additional 745 shares during the last quarter. LPL Financial LLC grew its holdings in Trane Technologies by 30.4% during the 4th quarter. LPL Financial LLC now owns 201,404 shares of the company's stock valued at $74,389,000 after buying an additional 46,983 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Trane Technologies in the 4th quarter worth approximately $651,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Trane Technologies during the 4th quarter worth approximately $42,173,000. Finally, Marietta Investment Partners LLC boosted its position in shares of Trane Technologies by 7.1% during the 4th quarter. Marietta Investment Partners LLC now owns 23,832 shares of the company's stock valued at $8,802,000 after acquiring an additional 1,580 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Trading Down 4.3 %

Shares of Trane Technologies stock traded down $14.91 on Friday, hitting $331.69. 2,337,018 shares of the company traded hands, compared to its average volume of 1,255,712. Trane Technologies plc has a 52 week low of $286.32 and a 52 week high of $422.00. The company has a market cap of $74.40 billion, a PE ratio of 29.48, a PEG ratio of 2.50 and a beta of 1.08. The stock's 50 day moving average price is $357.83 and its 200-day moving average price is $379.73. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58.

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Trane Technologies (NYSE:TT - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $2.61 earnings per share for the quarter, beating analysts' consensus estimates of $2.52 by $0.09. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. Equities research analysts predict that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $0.94 dividend. The ex-dividend date is Friday, March 7th. This represents a $3.76 annualized dividend and a dividend yield of 1.13%. This is a positive change from Trane Technologies's previous quarterly dividend of $0.84. Trane Technologies's payout ratio is currently 33.42%.

Insider Transactions at Trane Technologies

In related news, CFO Christopher J. Kuehn sold 876 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $357.42, for a total transaction of $313,099.92. Following the completion of the sale, the chief financial officer now directly owns 63,841 shares in the company, valued at $22,818,050.22. This represents a 1.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Mairead Magner sold 198 shares of Trane Technologies stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $357.61, for a total value of $70,806.78. Following the completion of the transaction, the senior vice president now owns 13,401 shares in the company, valued at $4,792,331.61. This trade represents a 1.46 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,234 shares of company stock valued at $2,588,102. Company insiders own 0.38% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on TT. Melius cut shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price target on the stock. in a research report on Tuesday, January 28th. Melius Research restated a "hold" rating and set a $398.00 target price on shares of Trane Technologies in a research report on Tuesday, January 28th. Wells Fargo & Company dropped their price target 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. Citigroup decreased their price objective on Trane Technologies from $478.00 to $476.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. lifted their target price on Trane Technologies from $387.00 to $396.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $413.69.

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.