Trane Technologies plc $TT Shares Purchased by Achmea Investment Management B.V.

Achmea Investment Management B.V. raised its position in Trane Technologies plc (NYSE:TT) by 3.4% during the 3rd quarter, Holdings Channel reports. The firm owned 202,267 shares of the company’s stock after acquiring an additional 6,602 shares during the quarter. Trane Technologies comprises about 1.1% of Achmea Investment Management B.V.’s holdings, making the stock its 11th biggest position. Achmea Investment Management B.V.’s holdings in Trane Technologies were worth $85,348,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of Trane Technologies by 60.0% during the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock worth $2,288,000 after purchasing an additional 2,323 shares during the period. Sivia Capital Partners LLC grew its position in shares of Trane Technologies by 22.4% in the second quarter. Sivia Capital Partners LLC now owns 1,665 shares of the company’s stock valued at $728,000 after purchasing an additional 305 shares during the period. Schnieders Capital Management LLC. purchased a new stake in shares of Trane Technologies in the second quarter valued at $227,000. Westwood Holdings Group Inc. purchased a new position in Trane Technologies during the second quarter worth about $231,000. Finally, Avantax Advisory Services Inc. lifted its position in Trane Technologies by 9.4% during the second quarter. Avantax Advisory Services Inc. now owns 22,452 shares of the company’s stock worth $9,821,000 after buying an additional 1,936 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

TT has been the subject of a number of recent analyst reports. UBS Group lowered their target price on shares of Trane Technologies from $544.00 to $520.00 and set a “buy” rating for the company in a report on Monday, January 5th. Wells Fargo & Company increased their price target on shares of Trane Technologies from $375.00 to $400.00 and gave the stock an “underweight” rating in a research note on Friday, January 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a research note on Wednesday, January 21st. Citigroup upped their price objective on Trane Technologies from $513.00 to $525.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Finally, JPMorgan Chase & Co. lifted their target price on Trane Technologies from $434.00 to $460.00 and gave the company a “neutral” rating in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $484.67.

Insider Buying and Selling

In other Trane Technologies news, insider Donald E. Simmons sold 3,762 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $422.70, for a total transaction of $1,590,197.40. Following the completion of the sale, the insider directly owned 3,819 shares of the company’s stock, valued at approximately $1,614,291.30. This represents a 49.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Christopher J. Kuehn sold 2,389 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $462.70, for a total transaction of $1,105,390.30. Following the completion of the transaction, the chief financial officer owned 60,486 shares of the company’s stock, valued at approximately $27,986,872.20. The trade was a 3.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 49,378 shares of company stock worth $21,228,464 over the last quarter. 0.14% of the stock is currently owned by insiders.

Trane Technologies Trading Up 0.8%

Shares of Trane Technologies stock opened at $425.00 on Wednesday. The business has a fifty day simple moving average of $427.77 and a 200-day simple moving average of $417.18. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $479.37. The firm has a market cap of $94.07 billion, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19. The company has a quick ratio of 0.92, a current ratio of 1.25 and a debt-to-equity ratio of 0.46.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, January 29th. The company reported $2.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.05. Trane Technologies had a return on equity of 36.34% and a net margin of 13.69%.The firm had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.09 billion. During the same period in the previous year, the company earned $2.61 earnings per share. Trane Technologies’s revenue was up 5.6% compared to the same quarter last year. On average, equities analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th will be given a dividend of $1.05 per share. This is a boost from Trane Technologies’s previous quarterly dividend of $0.94. The ex-dividend date is Friday, March 6th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.0%. Trane Technologies’s payout ratio is currently 32.36%.

Trane Technologies Company Profile

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.