Trane Technologies plc $TT Shares Bought by Strs Ohio

Strs Ohio boosted its position in Trane Technologies plc (NYSE:TT) by 47.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 124,596 shares of the company’s stock after acquiring an additional 39,947 shares during the period. Strs Ohio owned about 0.06% of Trane Technologies worth $54,500,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TT. Ethic Inc. raised its holdings in shares of Trane Technologies by 6.6% during the second quarter. Ethic Inc. now owns 26,836 shares of the company’s stock worth $11,601,000 after purchasing an additional 1,672 shares during the period. OMNI 360 Wealth Inc. bought a new position in Trane Technologies in the second quarter worth about $345,000. Triton Financial Group Inc bought a new position in Trane Technologies in the second quarter worth about $1,273,000. Jones Financial Companies Lllp lifted its holdings in Trane Technologies by 350.3% in the first quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company’s stock worth $7,140,000 after acquiring an additional 16,485 shares during the last quarter. Finally, BROOKFIELD Corp ON boosted its position in Trane Technologies by 11.0% during the 1st quarter. BROOKFIELD Corp ON now owns 8,227 shares of the company’s stock valued at $2,772,000 after purchasing an additional 812 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling at Trane Technologies

In other news, CEO David S. Regnery sold 22,497 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total value of $9,223,770.00. Following the sale, the chief executive officer directly owned 123,713 shares in the company, valued at $50,722,330. The trade was a 15.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TT. UBS Group increased their price objective on shares of Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Citigroup cut their price target on shares of Trane Technologies from $499.00 to $494.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. Hsbc Global Res downgraded shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. HSBC lowered Trane Technologies from a “buy” rating to a “hold” rating and increased their price objective for the company from $415.00 to $460.00 in a report on Thursday, July 31st. Finally, Royal Bank Of Canada increased their price objective on Trane Technologies from $463.00 to $467.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $464.29.

Trane Technologies Trading Up 0.1%

Trane Technologies stock opened at $426.66 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average price of $416.34 and a two-hundred day moving average price of $417.50. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $476.18. The stock has a market cap of $94.94 billion, a price-to-earnings ratio of 33.84, a price-to-earnings-growth ratio of 2.65 and a beta of 1.12.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $0.09. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.77 billion. During the same quarter in the prior year, the firm posted $3.30 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, equities analysts forecast that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be issued a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, December 5th. Trane Technologies’s dividend payout ratio is 29.82%.

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.