Alpine Woods Capital Investors LLC Has $6.21 Million Stock Position in Trane Technologies plc (NYSE:TT)

Alpine Woods Capital Investors LLC increased its stake in shares of Trane Technologies plc (NYSE:TT) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,818 shares of the company’s stock after buying an additional 1,469 shares during the period. Trane Technologies accounts for approximately 1.2% of Alpine Woods Capital Investors LLC’s holdings, making the stock its 24th biggest holding. Alpine Woods Capital Investors LLC’s holdings in Trane Technologies were worth $6,212,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in TT. Swedbank AB lifted its position in 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 purchasing an additional 20,400 shares during the period. Harbour Investments Inc. lifted its position in Trane Technologies by 47.0% during the 3rd quarter. Harbour Investments Inc. now owns 920 shares of the company’s stock valued at $358,000 after purchasing an additional 294 shares during the period. Aigen Investment Management LP lifted its position in Trane Technologies by 73.1% during the 3rd quarter. Aigen Investment Management LP now owns 1,560 shares of the company’s stock valued at $606,000 after purchasing an additional 659 shares during the period. Aptus Capital Advisors LLC lifted its position in Trane Technologies by 2.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 1,677 shares of the company’s stock valued at $652,000 after purchasing an additional 38 shares during the period. Finally, Haverford Trust Co lifted its position in Trane Technologies by 1.3% during the 3rd quarter. Haverford Trust Co now owns 2,647 shares of the company’s stock valued at $1,029,000 after purchasing an additional 34 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on TT. Melius Research restated a “hold” rating and set a $398.00 target price on shares of Trane Technologies in a research report on Tuesday, January 28th. UBS Group cut their price target on shares of Trane Technologies from $500.00 to $470.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. lifted their price objective on shares of Trane Technologies from $387.00 to $396.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Citigroup reduced their price objective on shares of Trane Technologies from $478.00 to $476.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Barclays reduced their price objective on shares of Trane Technologies from $500.00 to $475.00 and set an “overweight” rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $413.69.

Insider Activity

In related news, SVP Mairead Magner sold 198 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $357.61, for a total transaction of $70,806.78. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David S. Regnery sold 2,754 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $357.34, for a total transaction of $984,114.36. Following the transaction, the chief executive officer now owns 132,969 shares in the company, valued at approximately $47,515,142.46. The trade was a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,234 shares of company stock worth $2,588,102 over the last ninety days. Insiders own 0.38% of the company’s stock.

Trane Technologies Stock Performance

Shares of TT opened at $338.29 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21. Trane Technologies plc has a twelve month low of $286.32 and a twelve month high of $422.00. The firm’s 50 day moving average price is $365.31 and its two-hundred day moving average price is $379.82. The firm has a market cap of $75.87 billion, a P/E ratio of 30.07, a PEG ratio of 2.50 and a beta of 1.08.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.09. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. On average, analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Increases Dividend

The firm 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 $0.94 dividend. The ex-dividend date is Friday, March 7th. This is an increase from Trane Technologies’s previous quarterly dividend of $0.84. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.11%. Trane Technologies’s dividend payout ratio (DPR) is 33.42%.

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.