XTX Topco Ltd Has $1.12 Million Stake in Trane Technologies plc (NYSE:TT)

XTX Topco Ltd raised its position in Trane Technologies plc (NYSE:TT) by 456.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,039 shares of the company’s stock after purchasing an additional 2,493 shares during the quarter. XTX Topco Ltd’s holdings in Trane Technologies were worth $1,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. World Investment Advisors LLC raised its position in shares of Trane Technologies by 5,253.1% in the third quarter. World Investment Advisors LLC now owns 34,581 shares of the company’s stock valued at $13,443,000 after purchasing an additional 33,935 shares during the period. Sfmg LLC raised its holdings in Trane Technologies by 1.5% in the 3rd quarter. Sfmg LLC now owns 2,441 shares of the company’s stock valued at $949,000 after acquiring an additional 36 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Trane Technologies during the third quarter worth approximately $3,916,000. Tidal Investments LLC grew its position in shares of Trane Technologies by 22.2% in the third quarter. Tidal Investments LLC now owns 15,827 shares of the company’s stock valued at $6,152,000 after purchasing an additional 2,874 shares during the last quarter. Finally, Synovus Financial Corp increased its stake in shares of Trane Technologies by 16.8% during the third quarter. Synovus Financial Corp now owns 8,828 shares of the company’s stock worth $3,431,000 after purchasing an additional 1,271 shares during the period. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Trading Down 1.1 %

Shares of TT stock opened at $343.69 on Wednesday. Trane Technologies plc has a fifty-two week low of $286.32 and a fifty-two week high of $422.00. The stock’s fifty day moving average price is $346.65 and its two-hundred day moving average price is $375.90. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21. The company has a market cap of $77.09 billion, a PE ratio of 30.55, a P/E/G ratio of 2.50 and a beta of 1.08.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.61 earnings per share 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%. Equities analysts predict that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Friday, June 6th. Trane Technologies’s dividend payout ratio is 33.42%.

Insider Buying and Selling

In other Trane Technologies news, SVP Mairead Magner sold 198 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $357.61, for a total value of $70,806.78. Following the completion of the transaction, the senior vice president now owns 13,401 shares of the company’s stock, valued at $4,792,331.61. This represents a 1.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Christopher J. Kuehn sold 770 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $358.39, for a total value of $275,960.30. Following the completion of the transaction, the chief financial officer now owns 62,221 shares of the company’s stock, valued at $22,299,384.19. This represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,234 shares of company stock worth $2,588,102 in the last three months. 0.38% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on TT shares. Royal Bank of Canada boosted their price target on Trane Technologies from $390.00 to $395.00 and gave the company a “sector perform” rating in a research note on Friday, January 3rd. Melius downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 price target on the stock. in a research note on Tuesday, January 28th. UBS Group dropped their price objective on shares of Trane Technologies from $500.00 to $470.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Barclays decreased 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, JPMorgan Chase & Co. cut their price target on Trane Technologies from $396.00 to $323.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $405.31.

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.