Trane Technologies plc (NYSE:TT) Shares Sold by Deutsche Bank AG

Deutsche Bank AG cut its position in Trane Technologies plc (NYSE:TTGet Rating) by 3.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 609,730 shares of the company’s stock after selling 21,162 shares during the period. Deutsche Bank AG owned 0.26% of Trane Technologies worth $79,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Clear Street Markets LLC boosted its stake in shares of Trane Technologies by 409.4% in the second quarter. Clear Street Markets LLC now owns 489 shares of the company’s stock worth $64,000 after acquiring an additional 393 shares during the last quarter. CWM LLC boosted its stake in Trane Technologies by 12.3% during the second quarter. CWM LLC now owns 3,385 shares of the company’s stock worth $440,000 after buying an additional 371 shares during the last quarter. CX Institutional boosted its stake in Trane Technologies by 3.8% during the first quarter. CX Institutional now owns 2,573 shares of the company’s stock worth $393,000 after buying an additional 95 shares during the last quarter. Charter Oak Capital Management LLC acquired a new position in Trane Technologies during the second quarter worth $91,000. Finally, Kentucky Retirement Systems Insurance Trust Fund boosted its stake in Trane Technologies by 9.2% during the first quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,893 shares of the company’s stock worth $1,053,000 after buying an additional 579 shares during the last quarter. 80.25% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Price Performance

TT stock opened at $176.24 on Monday. The company has a current ratio of 1.14, a quick ratio of 0.78 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $40.59 billion, a PE ratio of 25.47, a P/E/G ratio of 2.09 and a beta of 1.00. Trane Technologies plc has a 12-month low of $120.64 and a 12-month high of $204.23. The business’s fifty day moving average price is $156.51 and its 200 day moving average price is $146.55.

Trane Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 2nd will be issued a $0.67 dividend. The ex-dividend date is Thursday, December 1st. This represents a $2.68 annualized dividend and a dividend yield of 1.52%. Trane Technologies’s dividend payout ratio is presently 38.73%.

Insider Activity at Trane Technologies

In related news, SVP Mairead Magner sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $165.00, for a total value of $165,000.00. Following the sale, the senior vice president now owns 11,079 shares in the company, valued at approximately $1,828,035. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wells Fargo & Company boosted their price objective on Trane Technologies from $123.00 to $133.00 and gave the stock an “underweight” rating in a research note on Thursday, August 4th. JPMorgan Chase & Co. boosted their price objective on Trane Technologies from $116.00 to $126.00 and gave the stock an “underweight” rating in a research note on Thursday, November 3rd. Argus boosted their price objective on Trane Technologies from $170.00 to $185.00 in a research note on Tuesday, November 8th. BMO Capital Markets boosted their price objective on Trane Technologies from $155.00 to $180.00 and gave the stock an “outperform” rating in a research note on Monday, August 15th. Finally, Credit Suisse Group boosted their price objective on Trane Technologies from $175.00 to $187.00 and gave the stock an “outperform” rating in a research note on Thursday, November 3rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $170.35.

Trane Technologies Company Profile

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Trane Technologies plc, together with its subsidiaries, engages in the designing, manufacturing, selling, and servicing of solutions for heating, ventilation, air conditioning, and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation products; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality assessments and related products; large and light commercial unitary products; motor replacements; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.

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Institutional Ownership by Quarter for Trane Technologies (NYSE:TT)

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