Mather Group LLC. Has $538,000 Stake in Trane Technologies plc (NYSE:TT)

Mather Group LLC. decreased its position in Trane Technologies plc (NYSE:TT) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,205 shares of the company’s stock after selling 59 shares during the quarter. Mather Group LLC.’s holdings in Trane Technologies were worth $538,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TT. International Assets Investment Management LLC grew its position in shares of Trane Technologies by 24,670.7% in the fourth quarter. International Assets Investment Management LLC now owns 1,034,423 shares of the company’s stock valued at $252,296,000 after purchasing an additional 1,030,247 shares during the last quarter. JPMorgan Chase & Co. grew its position in Trane Technologies by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 17,085,662 shares of the company’s stock worth $3,466,852,000 after buying an additional 880,583 shares in the last quarter. FMR LLC grew its position in Trane Technologies by 12.4% during the third quarter. FMR LLC now owns 5,743,154 shares of the company’s stock worth $1,165,343,000 after buying an additional 632,598 shares in the last quarter. Wellington Management Group LLP grew its position in Trane Technologies by 36.4% during the third quarter. Wellington Management Group LLP now owns 1,639,058 shares of the company’s stock worth $332,581,000 after buying an additional 436,997 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd grew its position in Trane Technologies by 31.4% during the third quarter. Alphinity Investment Management Pty Ltd now owns 1,812,549 shares of the company’s stock worth $367,784,000 after buying an additional 433,388 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Stock Down 0.7 %

Shares of TT opened at $315.08 on Thursday. Trane Technologies plc has a 52 week low of $162.04 and a 52 week high of $327.09. The stock has a market capitalization of $71.39 billion, a price-to-earnings ratio of 33.66, a PEG ratio of 2.61 and a beta of 1.01. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.78 and a current ratio of 1.13. The stock has a fifty day moving average of $294.39 and a 200-day moving average of $256.74.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. The company had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Trane Technologies had a return on equity of 32.78% and a net margin of 11.81%. Trane Technologies’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.41 EPS. As a group, sell-side analysts anticipate that Trane Technologies plc will post 10.49 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a $0.84 dividend. The ex-dividend date is Thursday, June 6th. This represents a $3.36 dividend on an annualized basis and a yield of 1.07%. Trane Technologies’s payout ratio is 35.90%.

Insider Activity at Trane Technologies

In related news, CEO David S. Regnery sold 6,990 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $286.19, for a total value of $2,000,468.10. Following the completion of the sale, the chief executive officer now directly owns 113,874 shares in the company, valued at $32,589,600.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Trane Technologies news, CEO David S. Regnery sold 6,990 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $286.19, for a total transaction of $2,000,468.10. Following the completion of the sale, the chief executive officer now directly owns 113,874 shares in the company, valued at approximately $32,589,600.06. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Keith A. Sultana sold 1,983 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $272.26, for a total value of $539,891.58. Following the sale, the senior vice president now owns 42,575 shares of the company’s stock, valued at $11,591,469.50. The disclosure for this sale can be found here. Insiders sold 28,237 shares of company stock worth $8,024,534 over the last three months. Company insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TT shares. Stephens increased their price target on Trane Technologies from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Wednesday. TD Cowen increased their price target on Trane Technologies from $325.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday. Citigroup increased their price target on Trane Technologies from $355.00 to $366.00 and gave the stock a “buy” rating in a research report on Wednesday. Mizuho increased their price target on Trane Technologies from $280.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Royal Bank of Canada upped their target price on Trane Technologies from $231.00 to $246.00 and gave the stock a “sector perform” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $288.38.

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.