World Investment Advisors LLC Has $21.88 Million Position in Trane Technologies plc (NYSE:TT)

World Investment Advisors LLC increased its stake in Trane Technologies plc (NYSE:TT - Free Report) by 8,614.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,294 shares of the company's stock after buying an additional 55,648 shares during the period. World Investment Advisors LLC's holdings in Trane Technologies were worth $21,883,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. U.S. Capital Wealth Advisors LLC increased its stake in Trane Technologies by 14.8% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 1,137 shares of the company's stock valued at $374,000 after purchasing an additional 147 shares during the last quarter. Diversify Advisory Services LLC boosted its holdings in shares of Trane Technologies by 11.4% during the second quarter. Diversify Advisory Services LLC now owns 809 shares of the company's stock valued at $270,000 after acquiring an additional 83 shares during the period. MJP Associates Inc. ADV boosted its holdings in shares of Trane Technologies by 6.6% during the second quarter. MJP Associates Inc. ADV now owns 997 shares of the company's stock valued at $328,000 after acquiring an additional 62 shares during the period. Czech National Bank boosted its holdings in shares of Trane Technologies by 7.7% during the second quarter. Czech National Bank now owns 43,134 shares of the company's stock valued at $14,188,000 after acquiring an additional 3,096 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Trane Technologies by 12.3% during the second quarter. Sequoia Financial Advisors LLC now owns 4,773 shares of the company's stock valued at $1,570,000 after acquiring an additional 524 shares during the period. Institutional investors own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. UBS Group assumed coverage on shares of Trane Technologies in a report on Wednesday, November 13th. They set a "buy" rating and a $500.00 price target for the company. HSBC downgraded shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $405.00 price objective for the company. in a report on Thursday, October 31st. Robert W. Baird reduced their price objective on shares of Trane Technologies from $408.00 to $404.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. Mizuho upped their price objective on shares of Trane Technologies from $325.00 to $400.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Finally, The Goldman Sachs Group upped their price objective on shares of Trane Technologies from $364.00 to $407.00 and gave the stock a "neutral" rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $401.93.

Insiders Place Their Bets

In other news, SVP Mairead Magner sold 4,329 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total value of $1,800,864.00. Following the transaction, the senior vice president now owns 12,893 shares in the company, valued at $5,363,488. This represents a 25.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.38% of the company's stock.

Trane Technologies Price Performance

NYSE TT traded down $2.04 on Friday, reaching $412.18. The company's stock had a trading volume of 952,323 shares, compared to its average volume of 1,102,031. Trane Technologies plc has a twelve month low of $229.07 and a twelve month high of $422.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 1.22. The stock has a market cap of $92.75 billion, a PE ratio of 38.24, a PEG ratio of 2.53 and a beta of 1.03. The firm's 50 day moving average is $400.85 and its two-hundred day moving average is $362.45.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.14. The firm had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.32 billion. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.79 EPS. As a group, sell-side analysts predict that Trane Technologies plc will post 11.13 EPS for the current year.

Trane Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued a dividend of $0.84 per share. The ex-dividend date is Friday, December 6th. This represents a $3.36 annualized dividend and a yield of 0.82%. Trane Technologies's payout ratio is presently 31.17%.

Trane Technologies Company 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.