Susquehanna Fundamental Investments LLC Invests $10.44 Million in Trane Technologies plc (NYSE:TT)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Trane Technologies plc (NYSE:TT) in the fourth quarter, Holdings Channel.com reports. The fund purchased 28,278 shares of the company’s stock, valued at approximately $10,444,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Trane Technologies by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 19,235,570 shares of the company’s stock valued at $7,104,658,000 after buying an additional 152,353 shares in the last quarter. Geode Capital Management LLC grew its holdings in Trane Technologies by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 4,775,263 shares of the company’s stock worth $1,760,549,000 after acquiring an additional 136,349 shares during the last quarter. Norges Bank acquired a new stake in Trane Technologies in the 4th quarter valued at about $1,117,816,000. Raymond James Financial Inc. bought a new position in shares of Trane Technologies in the fourth quarter worth about $611,322,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Trane Technologies by 4.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,258,480 shares of the company’s stock worth $464,820,000 after purchasing an additional 55,515 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Trading Up 1.5 %

Shares of NYSE:TT opened at $348.23 on Friday. The stock has a market capitalization of $78.10 billion, a PE ratio of 30.95, a price-to-earnings-growth ratio of 2.50 and a beta of 1.08. The company’s 50-day moving average price is $342.38 and its two-hundred day moving average price is $372.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.21 and a quick ratio of 0.88. Trane Technologies plc has a one year low of $298.15 and a one year high of $422.00.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.52 by $0.09. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. On average, equities analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $0.94 per share. The ex-dividend date is Friday, June 6th. This represents a $3.76 dividend on an annualized basis and a yield of 1.08%. Trane Technologies’s payout ratio is 33.42%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TT. Wells Fargo & Company reduced their price objective on Trane Technologies from $380.00 to $360.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. HSBC raised Trane Technologies from a “hold” rating to a “buy” rating and upped their price target for the company from $405.00 to $415.00 in a research note on Friday. Citigroup lowered their price objective on Trane Technologies from $476.00 to $415.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Barclays cut their target price on shares of Trane Technologies from $500.00 to $475.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Finally, Hsbc Global Res upgraded shares of Trane Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $405.94.

Insiders Place Their Bets

In related news, CFO Christopher J. Kuehn sold 876 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $357.42, for a total value of $313,099.92. Following the sale, the chief financial officer now owns 63,841 shares in the company, valued at approximately $22,818,050.22. This represents a 1.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mairead Magner sold 198 shares of Trane Technologies stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $357.61, for a total transaction of $70,806.78. Following the transaction, the senior vice president now directly owns 13,401 shares of the company’s stock, valued at approximately $4,792,331.61. This trade represents a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,234 shares of company stock valued at $2,588,102. 0.38% of the stock is currently owned by corporate insiders.

About Trane Technologies

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.