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

Achmea Investment Management B.V. increased its holdings in Trane Technologies plc (NYSE:TT) by 3.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 202,267 shares of the company’s stock after acquiring an additional 6,602 shares during the period. Trane Technologies makes up about 1.1% of Achmea Investment Management B.V.’s holdings, making the stock its 11th largest holding. Achmea Investment Management B.V. owned approximately 0.09% of Trane Technologies worth $85,348,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TT. Financial Consulate Inc. purchased a new stake in shares of Trane Technologies during the third quarter worth approximately $25,000. Icon Advisers Inc. Co. acquired a new stake in Trane Technologies in the second quarter valued at approximately $26,000. United Community Bank lifted its stake in Trane Technologies by 134.4% in the third quarter. United Community Bank now owns 75 shares of the company’s stock worth $32,000 after acquiring an additional 43 shares during the last quarter. JPL Wealth Management LLC acquired a new position in Trane Technologies during the 3rd quarter worth approximately $32,000. Finally, Halbert Hargrove Global Advisors LLC increased its position in shares of Trane Technologies by 34.2% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 102 shares of the company’s stock valued at $43,000 after purchasing an additional 26 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Activity

In other news, CFO Christopher J. Kuehn sold 2,389 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $462.70, for a total value of $1,105,390.30. Following the completion of the sale, the chief financial officer directly owned 60,486 shares of the company’s stock, valued at $27,986,872.20. This trade represents a 3.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Elizabeth A. Elwell sold 635 shares of Trane Technologies stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $422.70, for a total value of $268,414.50. Following the completion of the sale, the chief accounting officer owned 7,100 shares in the company, valued at approximately $3,001,170. This trade represents a 8.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 49,378 shares of company stock worth $21,228,464 in the last ninety days. 0.14% of the stock is currently owned by insiders.

Trane Technologies Price Performance

Shares of NYSE:TT opened at $425.00 on Wednesday. Trane Technologies plc has a one year low of $298.15 and a one year high of $479.37. The stock has a market capitalization of $94.07 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 2.22 and a beta of 1.19. The company has a 50-day simple moving average of $427.77 and a 200-day simple moving average of $417.18. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.25.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, January 29th. The company reported $2.86 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $5.09 billion. During the same period in the prior year, the business earned $2.61 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. On average, analysts predict that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th will be paid a $1.05 dividend. 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 annualized dividend and a dividend yield of 1.0%. Trane Technologies’s dividend payout ratio (DPR) is 32.36%.

Analysts Set New Price Targets

TT has been the topic of a number of analyst reports. Morgan Stanley reduced their price objective on shares of Trane Technologies from $550.00 to $535.00 and set an “overweight” rating on the stock in a report on Tuesday, January 13th. KeyCorp raised Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a report on Monday, December 15th. JPMorgan Chase & Co. lifted their price target on Trane Technologies from $434.00 to $460.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Citigroup upped their price objective on Trane Technologies from $513.00 to $525.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Finally, Oppenheimer increased their price objective on Trane Technologies from $460.00 to $468.00 and gave the company an “outperform” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $484.67.

Trane Technologies 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.