Trane Technologies plc (NYSE:TT) Stock Holdings Lifted by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC raised its stake in shares of Trane Technologies plc (NYSE:TTFree Report) by 1,105.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 25,794 shares of the company’s stock after acquiring an additional 23,655 shares during the period. Trane Technologies accounts for about 0.6% of Campbell & CO Investment Adviser LLC’s portfolio, making the stock its 3rd biggest position. Campbell & CO Investment Adviser LLC’s holdings in Trane Technologies were worth $6,291,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Keel Point LLC boosted its position in Trane Technologies by 3.0% in the fourth quarter. Keel Point LLC now owns 1,326 shares of the company’s stock worth $323,000 after purchasing an additional 39 shares during the last quarter. Rosenberg Matthew Hamilton grew its position in Trane Technologies by 27.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 192 shares of the company’s stock valued at $47,000 after buying an additional 41 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in Trane Technologies by 2.3% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,847 shares of the company’s stock worth $450,000 after acquiring an additional 42 shares during the period. Level Four Advisory Services LLC boosted its stake in Trane Technologies by 1.5% in the fourth quarter. Level Four Advisory Services LLC now owns 2,757 shares of the company’s stock valued at $672,000 after acquiring an additional 42 shares during the last quarter. Finally, Cedrus LLC grew its position in shares of Trane Technologies by 2.6% during the 4th quarter. Cedrus LLC now owns 1,669 shares of the company’s stock valued at $407,000 after acquiring an additional 43 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO David S. Regnery sold 6,990 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $286.19, for a total transaction of $2,000,468.10. Following the completion of the transaction, the chief executive officer now directly owns 113,874 shares of the company’s stock, valued at $32,589,600.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO David S. Regnery sold 6,990 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 113,874 shares of the company’s stock, valued at $32,589,600.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Christopher J. Kuehn sold 3,762 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $286.48, for a total value of $1,077,737.76. Following the completion of the sale, the chief financial officer now directly owns 61,691 shares of the company’s stock, valued at approximately $17,673,237.68. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TT. Stephens increased their price objective on Trane Technologies from $310.00 to $320.00 and gave the company an “equal weight” rating in a report on Wednesday, May 1st. Barclays lifted their price objective on Trane Technologies from $286.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. TD Cowen upped their price objective on shares of Trane Technologies from $325.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Citigroup upped their price target on shares of Trane Technologies from $355.00 to $366.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Mizuho lifted their price objective on shares of Trane Technologies from $280.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $300.54.

View Our Latest Stock Report on TT

Trane Technologies Trading Down 2.0 %

Shares of Trane Technologies stock traded down $6.57 during trading on Monday, reaching $320.89. The company’s stock had a trading volume of 213,830 shares, compared to its average volume of 1,004,792. The company has a market cap of $72.63 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 2.61 and a beta of 1.01. The firm’s 50-day moving average is $312.18 and its two-hundred day moving average is $276.18. Trane Technologies plc has a 52-week low of $171.63 and a 52-week high of $338.09. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 0.58.

Trane Technologies (NYSE:TTGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. The firm had revenue of $4.22 billion for 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%. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period last year, the firm earned $1.41 earnings per share. On average, sell-side analysts anticipate that Trane Technologies plc will post 10.46 earnings per share for the current year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Friday, June 7th. Trane Technologies’s dividend payout ratio is 35.90%.

Trane Technologies Profile

(Free Report)

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.

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

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