Trane Technologies plc (NYSE:TT) Shares Acquired by Ossiam

Ossiam boosted its position in Trane Technologies plc (NYSE:TT) by 23.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,161 shares of the company’s stock after buying an additional 413 shares during the quarter. Ossiam’s holdings in Trane Technologies were worth $798,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TT. Global Wealth Strategies & Associates bought a new position in Trane Technologies during the 4th quarter valued at $26,000. Sound Income Strategies LLC lifted its position in shares of Trane Technologies by 1,314.3% during the fourth quarter. Sound Income Strategies LLC now owns 99 shares of the company’s stock worth $37,000 after purchasing an additional 92 shares during the last quarter. Flagship Wealth Advisors LLC acquired a new position in Trane Technologies in the fourth quarter worth about $37,000. Golden State Wealth Management LLC bought a new stake in Trane Technologies in the fourth quarter valued at about $39,000. Finally, BankPlus Trust Department acquired a new stake in Trane Technologies during the fourth quarter valued at approximately $45,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Price Performance

TT opened at $322.29 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58. Trane Technologies plc has a 1 year low of $288.95 and a 1 year high of $422.00. The stock has a fifty day moving average price of $344.19 and a 200 day moving average price of $374.20. The stock has a market cap of $72.29 billion, a price-to-earnings ratio of 28.65, 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 EPS for the quarter, beating the consensus estimate of $2.52 by $0.09. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. Analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.76 annualized dividend and a yield of 1.17%. Trane Technologies’s dividend payout ratio (DPR) is currently 33.42%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TT shares. Wells Fargo & Company reduced their price objective on Trane Technologies from $380.00 to $360.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Citigroup dropped their price objective on shares of Trane Technologies from $476.00 to $415.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. UBS Group lowered their target price on Trane Technologies from $500.00 to $470.00 and set a “buy” rating for the company in a report on Friday, January 31st. Melius lowered Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 price objective for the company. in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. cut their target price on Trane Technologies from $396.00 to $323.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Trane Technologies presently has an average rating of “Hold” and an average price target of $405.31.

Insider Transactions at Trane Technologies

In related news, CFO Christopher J. Kuehn sold 876 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $357.42, for a total transaction of $313,099.92. Following the completion of the sale, the chief financial officer now owns 63,841 shares in the company, valued at $22,818,050.22. This represents a 1.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Mairead Magner sold 198 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $357.61, for a total value of $70,806.78. Following the transaction, the senior vice president now owns 13,401 shares of the company’s stock, valued at approximately $4,792,331.61. This trade represents a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,234 shares of company stock worth $2,588,102. 0.38% of the stock is 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.