Brinker Capital Investments LLC trimmed its position in shares of Trane Technologies plc (NYSE:TT – Get Rating) by 12.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,918 shares of the company’s stock after selling 992 shares during the period. Brinker Capital Investments LLC’s holdings in Trane Technologies were worth $1,163,000 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 the company. Bank of New York Mellon Corp grew its stake in shares of Trane Technologies by 48.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,366,040 shares of the company’s stock valued at $777,057,000 after purchasing an additional 1,745,741 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Trane Technologies by 56.5% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 3,790,429 shares of the company’s stock valued at $549,178,000 after purchasing an additional 1,368,481 shares during the period. First Trust Advisors LP grew its stake in shares of Trane Technologies by 1,925.5% in the 3rd quarter. First Trust Advisors LP now owns 1,265,126 shares of the company’s stock valued at $183,203,000 after purchasing an additional 1,202,666 shares during the period. Capital World Investors boosted its holdings in shares of Trane Technologies by 47.1% in the 1st quarter. Capital World Investors now owns 2,475,871 shares of the company’s stock worth $378,184,000 after acquiring an additional 792,225 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Trane Technologies by 7,757.9% in the 3rd quarter. Fisher Asset Management LLC now owns 765,592 shares of the company’s stock worth $110,866,000 after acquiring an additional 755,849 shares in the last quarter. 81.47% of the stock is currently owned by institutional investors.
Trane Technologies Stock Performance
TT stock opened at $177.74 on Thursday. The business’s fifty day moving average is $181.33 and its 200-day moving average is $175.75. The company has a quick ratio of 0.77, a current ratio of 1.12 and a debt-to-equity ratio of 0.62. The company has a market cap of $40.53 billion, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 2.04 and a beta of 0.99. Trane Technologies plc has a twelve month low of $120.64 and a twelve month high of $196.22.
Trane Technologies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 2nd will be paid a $0.75 dividend. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $3.00 dividend on an annualized basis and a yield of 1.69%. Trane Technologies’s payout ratio is 40.05%.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on TT shares. Mizuho boosted their target price on Trane Technologies from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Friday, February 3rd. Morgan Stanley boosted their target price on Trane Technologies from $193.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Deutsche Bank Aktiengesellschaft reduced their target price on Trane Technologies from $184.00 to $183.00 and set a “hold” rating on the stock in a report on Wednesday, April 12th. Argus boosted their target price on Trane Technologies from $185.00 to $200.00 in a report on Wednesday, February 8th. Finally, UBS Group upped their price objective on Trane Technologies from $200.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, March 7th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Trane Technologies presently has an average rating of “Hold” and an average target price of $181.61.
Insider Buying and Selling at Trane Technologies
In other Trane Technologies news, SVP Evan M. Turtz sold 2,095 shares of the business’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $190.83, for a total value of $399,788.85. Following the completion of the transaction, the senior vice president now directly owns 19,601 shares of the company’s stock, valued at $3,740,458.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Paul A. Camuti sold 7,950 shares of the stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $190.78, for a total transaction of $1,516,701.00. Following the completion of the transaction, the executive vice president now directly owns 89,021 shares in the company, valued at $16,983,426.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Evan M. Turtz sold 2,095 shares of the stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $190.83, for a total value of $399,788.85. Following the transaction, the senior vice president now owns 19,601 shares of the company’s stock, valued at $3,740,458.83. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,967 shares of company stock valued at $3,007,750. Company insiders own 0.74% of the company’s stock.
Trane Technologies Profile
Trane Technologies Plc engages in providing solutions to buildings, homes, and transportation. It operates through the following business segments: Americas, EMEA, and Asia Pacific. The Americas segment encompasses commercial heating and cooling systems, building controls, and energy services and solutions, residential heating and cooling, and transport refrigeration systems, and solutions in North America and Latin America regions.
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