Trane Technologies plc (NYSE:TT) Shares Sold by XTX Topco Ltd

XTX Topco Ltd trimmed its position in Trane Technologies plc (NYSE:TT) by 93.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 546 shares of the company’s stock after selling 7,943 shares during the period. XTX Topco Ltd’s holdings in Trane Technologies were worth $212,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TT. &PARTNERS boosted its position in shares of Trane Technologies by 67.2% in the second quarter. &PARTNERS now owns 1,654 shares of the company’s stock worth $544,000 after buying an additional 665 shares during the period. Diversified LLC acquired a new position in Trane Technologies in the 2nd quarter valued at $356,000. Catalina Capital Group LLC lifted its position in shares of Trane Technologies by 11.6% during the 2nd quarter. Catalina Capital Group LLC now owns 807 shares of the company’s stock worth $265,000 after purchasing an additional 84 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. boosted its position in shares of Trane Technologies by 43.8% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 11,579 shares of the company’s stock valued at $3,809,000 after acquiring an additional 3,527 shares during the period. Finally, Quotient Wealth Partners LLC grew its position in Trane Technologies by 8.3% in the 2nd quarter. Quotient Wealth Partners LLC now owns 1,091 shares of the company’s stock worth $359,000 after purchasing an additional 84 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Down 0.4 %

Shares of NYSE TT opened at $376.90 on Friday. Trane Technologies plc has a 1 year low of $233.76 and a 1 year high of $422.00. The firm’s 50-day moving average is $401.36 and its 200-day moving average is $365.97. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $84.81 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 2.43 and a beta of 1.03.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.14. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same period in the prior year, the business posted $2.79 earnings per share. Trane Technologies’s revenue was up 10.0% compared to the same quarter last year. Equities analysts expect that Trane Technologies plc will post 11.13 EPS for the current year.

Trane Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be paid a dividend of $0.84 per share. The ex-dividend date is Friday, December 6th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 0.89%. Trane Technologies’s dividend payout ratio (DPR) is presently 31.17%.

Analyst Ratings Changes

TT has been the topic of a number of research reports. UBS Group began coverage on Trane Technologies in a research report on Wednesday, November 13th. They set a “buy” rating and a $500.00 price objective on the stock. Citigroup increased their price objective on shares of Trane Technologies from $457.00 to $478.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Morgan Stanley began coverage on shares of Trane Technologies in a research note on Friday, September 6th. They issued an “overweight” rating and a $425.00 target price on the stock. The Goldman Sachs Group raised their price target on shares of Trane Technologies from $364.00 to $407.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, Northcoast Research began coverage on Trane Technologies in a research note on Friday, November 22nd. They issued a “buy” rating and a $500.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Trane Technologies currently has an average rating of “Hold” and an average target price of $409.93.

Insider Activity at Trane Technologies

In other news, SVP Mairead Magner sold 4,329 shares of Trane Technologies stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total transaction of $1,800,864.00. Following the transaction, the senior vice president now directly owns 12,893 shares of the company’s stock, valued at $5,363,488. This trade represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.

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.