V Square Quantitative Management LLC Purchases 565 Shares of Trane Technologies plc (NYSE:TT)

V Square Quantitative Management LLC raised its holdings in shares of Trane Technologies plc (NYSE:TT) by 6.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,500 shares of the company’s stock after acquiring an additional 565 shares during the period. Trane Technologies comprises about 0.5% of V Square Quantitative Management LLC’s portfolio, making the stock its 28th largest holding. V Square Quantitative Management LLC’s holdings in Trane Technologies were worth $3,509,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TT. Procyon Advisors LLC boosted its position in Trane Technologies by 4.0% during the third quarter. Procyon Advisors LLC now owns 927 shares of the company’s stock valued at $360,000 after buying an additional 36 shares during the period. Creative Planning boosted its position in Trane Technologies by 5.8% during the third quarter. Creative Planning now owns 62,756 shares of the company’s stock valued at $24,395,000 after buying an additional 3,446 shares during the period. Swedbank AB boosted its holdings in shares of Trane Technologies by 2.8% during the third quarter. Swedbank AB now owns 743,794 shares of the company’s stock worth $289,135,000 after purchasing an additional 20,400 shares during the period. SeaCrest Wealth Management LLC boosted its holdings in shares of Trane Technologies by 3.6% during the third quarter. SeaCrest Wealth Management LLC now owns 1,394 shares of the company’s stock worth $542,000 after purchasing an additional 48 shares during the period. Finally, McKinley Carter Wealth Services Inc. purchased a new stake in shares of Trane Technologies during the third quarter worth about $214,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TT. HSBC lowered shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 target price for the company. in a report on Thursday, October 31st. Royal Bank of Canada increased their target price on shares of Trane Technologies from $390.00 to $395.00 and gave the stock a “sector perform” rating in a report on Friday, January 3rd. Citigroup dropped their target price on shares of Trane Technologies from $478.00 to $476.00 and set a “buy” rating for the company in a report on Monday, January 13th. Hsbc Global Res lowered shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Trane Technologies from $387.00 to $396.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $415.25.

Trane Technologies Stock Performance

Shares of NYSE TT opened at $361.25 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. The company has a market cap of $81.29 billion, a P/E ratio of 32.11, a P/E/G ratio of 2.44 and a beta of 1.05. The firm’s fifty day moving average is $380.49 and its two-hundred day moving average is $378.02. Trane Technologies plc has a 52-week low of $270.50 and a 52-week high of $422.00.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.61 earnings per share (EPS) 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%. As a group, analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Increases Dividend

The firm also recently announced 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 of this dividend 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 1.04%. Trane Technologies’s payout ratio is 29.87%.

Insider Activity at Trane Technologies

In related news, CEO David S. Regnery sold 2,754 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $357.34, for a total transaction of $984,114.36. Following the transaction, the chief executive officer now directly owns 132,969 shares in the company, valued at approximately $47,515,142.46. This represents a 2.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Mairead Magner sold 4,329 shares of the business’s stock in a transaction dated 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 completion of the sale, the senior vice president now directly owns 12,893 shares of the company’s stock, valued at approximately $5,363,488. This trade represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,563 shares of company stock worth $4,388,966. Insiders own 0.38% of the company’s stock.

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.