Xponance Inc. Boosts Position in Trane Technologies plc (NYSE:TT)

Xponance Inc. grew its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,178 shares of the company's stock after purchasing an additional 1,660 shares during the quarter. Xponance Inc.'s holdings in Trane Technologies were worth $15,578,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MidAtlantic Capital Management Inc. acquired a new position in shares of Trane Technologies in the 3rd quarter valued at $27,000. Global Wealth Strategies & Associates acquired a new position in shares of Trane Technologies in the 4th quarter valued at $26,000. Sound Income Strategies LLC increased its holdings in shares of Trane Technologies by 1,314.3% in the 4th quarter. Sound Income Strategies LLC now owns 99 shares of the company's stock valued at $37,000 after acquiring an additional 92 shares during the period. Flagship Wealth Advisors LLC acquired a new position in shares of Trane Technologies in the 4th quarter valued at $37,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Trane Technologies in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Analysts Set New Price Targets

TT has been the topic of a number of recent research reports. Barclays cut their target price on shares of Trane Technologies from $500.00 to $475.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. Citigroup lowered their price objective on shares of Trane Technologies from $478.00 to $476.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Melius Research reiterated a "hold" rating and issued a $398.00 price objective on shares of Trane Technologies in a research report on Tuesday, January 28th. UBS Group lowered 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 report on Friday, January 31st. Finally, Wells Fargo & Company lowered their price objective on shares of Trane Technologies from $380.00 to $360.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. One equities 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 company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $413.69.

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Insider Buying and Selling at Trane Technologies

In other news, CEO David S. Regnery sold 2,318 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $358.17, for a total transaction of $830,238.06. Following the transaction, the chief executive officer now directly owns 126,831 shares in the company, valued at $45,427,059.27. This represents a 1.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Christopher J. Kuehn sold 770 shares of the 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 transaction, the chief financial officer now owns 62,221 shares in the company, valued at approximately $22,299,384.19. The trade was a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,234 shares of company stock worth $2,588,102. Corporate insiders own 0.38% of the company's stock.

Trane Technologies Price Performance

Shares of Trane Technologies stock traded down $2.03 on Friday, hitting $347.30. The company's stock had a trading volume of 1,712,153 shares, compared to its average volume of 1,166,105. Trane Technologies plc has a 52-week low of $286.32 and a 52-week high of $422.00. 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 firm has a fifty day moving average price of $361.24 and a 200-day moving average price of $379.75. The company has a market capitalization of $77.90 billion, a P/E ratio of 30.87, a price-to-earnings-growth ratio of 2.50 and a beta of 1.08.

Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.61 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%. On average, equities research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 1.08%. 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. Trane Technologies's dividend payout ratio is 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.