4,074 Shares in Trane Technologies plc (NYSE:TT) Purchased by Sapient Capital LLC

Sapient Capital LLC acquired a new stake in shares of Trane Technologies plc (NYSE:TT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,074 shares of the company’s stock, valued at approximately $994,000.

Several other large investors have also bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in Trane Technologies by 24,670.7% in the 4th quarter. International Assets Investment Management LLC now owns 1,034,423 shares of the company’s stock worth $252,296,000 after buying an additional 1,030,247 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Trane Technologies by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 17,085,662 shares of the company’s stock valued at $3,466,852,000 after purchasing an additional 880,583 shares during the last quarter. FMR LLC raised its holdings in shares of Trane Technologies by 12.4% during the third quarter. FMR LLC now owns 5,743,154 shares of the company’s stock valued at $1,165,343,000 after purchasing an additional 632,598 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Trane Technologies by 36.4% in the third quarter. Wellington Management Group LLP now owns 1,639,058 shares of the company’s stock worth $332,581,000 after purchasing an additional 436,997 shares during the last quarter. Finally, Alphinity Investment Management Pty Ltd grew its position in Trane Technologies by 31.4% in the 3rd quarter. Alphinity Investment Management Pty Ltd now owns 1,812,549 shares of the company’s stock worth $367,784,000 after purchasing an additional 433,388 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Trane Technologies

In other news, SVP Evan M. Turtz sold 2,821 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $288.33, for a total transaction of $813,378.93. Following the sale, the senior vice president now directly owns 20,729 shares in the company, valued at approximately $5,976,792.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO David S. Regnery sold 6,990 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $286.19, for a total value of $2,000,468.10. Following the completion of the sale, the chief executive officer now directly owns 113,874 shares in the company, valued at $32,589,600.06. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Evan M. Turtz sold 2,821 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $288.33, for a total transaction of $813,378.93. Following the transaction, the senior vice president now owns 20,729 shares in the company, valued at approximately $5,976,792.57. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,237 shares of company stock valued at $8,024,534. 0.39% of the stock is owned by corporate insiders.

Trane Technologies Price Performance

NYSE TT traded up $2.50 on Friday, reaching $319.29. The company had a trading volume of 1,074,535 shares, compared to its average volume of 1,049,630. The stock has a market capitalization of $72.27 billion, a PE ratio of 34.11, a price-to-earnings-growth ratio of 2.54 and a beta of 1.01. Trane Technologies plc has a 12 month low of $162.04 and a 12 month high of $327.09. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 0.58. The firm’s 50 day moving average price is $295.83 and its 200 day moving average price is $257.93.

Trane Technologies (NYSE:TT) last issued its earnings results on Tuesday, April 30th. The company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.30. Trane Technologies had a return on equity of 32.78% and a net margin of 11.81%. The firm had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the previous year, the firm posted $1.41 earnings per share. The business’s revenue was up 15.0% compared to the same quarter last year. As a group, equities analysts predict that Trane Technologies plc will post 10.48 earnings per share for the current year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a dividend of $0.84 per share. The ex-dividend date is Thursday, June 6th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.05%. Trane Technologies’s dividend payout ratio is currently 35.90%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. TD Cowen raised their price target on Trane Technologies from $325.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday. The Goldman Sachs Group raised their target price on Trane Technologies from $287.00 to $326.00 and gave the stock a “neutral” rating in a research report on Wednesday. Citigroup upped their price target on shares of Trane Technologies from $355.00 to $366.00 and gave the company a “buy” rating in a research report on Wednesday. Barclays raised their price objective on shares of Trane Technologies from $286.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Trane Technologies from $281.00 to $295.00 and gave the company an “underweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Trane Technologies currently has a consensus rating of “Hold” and an average price target of $300.54.

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.