Trane Technologies plc (NYSE:TT) Holdings Boosted by Inceptionr LLC

Inceptionr LLC boosted its position in shares of Trane Technologies plc (NYSE:TT) by 368.9% during the 4th quarter, HoldingsChannel reports. The firm owned 3,282 shares of the company’s stock after buying an additional 2,582 shares during the quarter. Inceptionr LLC’s holdings in Trane Technologies were worth $1,212,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TT. Swedbank AB grew its holdings in shares of Trane Technologies by 2.8% during the 3rd quarter. Swedbank AB now owns 743,794 shares of the company’s stock valued at $289,135,000 after acquiring an additional 20,400 shares in the last quarter. Catalina Capital Group LLC grew its holdings in shares of Trane Technologies by 10.9% during the 3rd quarter. Catalina Capital Group LLC now owns 895 shares of the company’s stock valued at $348,000 after acquiring an additional 88 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of Trane Technologies by 7.9% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 9,114 shares of the company’s stock valued at $3,543,000 after acquiring an additional 668 shares in the last quarter. JNBA Financial Advisors grew its holdings in shares of Trane Technologies by 71.4% during the 3rd quarter. JNBA Financial Advisors now owns 240 shares of the company’s stock valued at $93,000 after acquiring an additional 100 shares in the last quarter. Finally, Graypoint LLC grew its holdings in shares of Trane Technologies by 5.6% during the 3rd quarter. Graypoint LLC now owns 4,211 shares of the company’s stock valued at $1,637,000 after acquiring an additional 225 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TT has been the topic of several research analyst reports. UBS Group lowered their price target on shares of Trane Technologies from $500.00 to $470.00 and set a “buy” rating on the stock in a report on Friday, January 31st. 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 research note on Tuesday, January 28th. Northcoast Research assumed coverage on shares of Trane Technologies in a research note on Friday, November 22nd. They issued a “buy” rating and a $500.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on shares of Trane Technologies from $387.00 to $396.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Finally, Royal Bank of Canada lifted 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 note on Friday, January 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Trane Technologies presently has a consensus rating of “Hold” and an average target price of $415.25.

Insider Transactions at Trane Technologies

In related news, CFO Christopher J. Kuehn sold 876 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $357.42, for a total value of $313,099.92. Following the sale, the chief financial officer now owns 63,841 shares of the company’s stock, valued at $22,818,050.22. The trade was a 1.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Mairead Magner sold 198 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $357.61, for a total transaction of $70,806.78. Following the completion of the sale, the senior vice president now directly owns 13,401 shares in the company, valued at approximately $4,792,331.61. The trade was a 1.46 % 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. 0.38% of the stock is currently owned by company insiders.

Trane Technologies Stock Down 1.9 %

Trane Technologies stock opened at $342.02 on Friday. The firm has a fifty day moving average price of $368.53 and a two-hundred day moving average price of $380.20. Trane Technologies plc has a fifty-two week low of $279.00 and a fifty-two week high of $422.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.21 and a quick ratio of 0.88. The firm has a market cap of $76.71 billion, a price-to-earnings ratio of 30.40, a P/E/G ratio of 2.50 and a beta of 1.08.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data 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 net margin of 12.94% and a return on equity of 35.37%. As a group, analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.94 per share. This is an increase from Trane Technologies’s previous quarterly dividend of $0.84. The ex-dividend date is Friday, March 7th. This represents a $3.76 annualized dividend and a dividend yield of 1.10%. Trane Technologies’s payout ratio is presently 29.87%.

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.