Elo Mutual Pension Insurance Co Acquires 1,293 Shares of Trane Technologies plc (NYSE:TT)

Elo Mutual Pension Insurance Co grew its holdings in shares of Trane Technologies plc (NYSE:TTGet Rating) by 7.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,161 shares of the company’s stock after purchasing an additional 1,293 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Trane Technologies were worth $3,669,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Canton Hathaway LLC acquired a new stake in Trane Technologies in the 4th quarter worth $25,000. Arlington Partners LLC acquired a new stake in Trane Technologies in the 4th quarter worth $25,000. D Orazio & Associates Inc. acquired a new stake in Trane Technologies in the 3rd quarter worth $25,000. Bellevue Asset Management LLC acquired a new stake in Trane Technologies in the 4th quarter worth $36,000. Finally, Newbridge Financial Services Group Inc. grew its position in Trane Technologies by 247.2% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 184 shares of the company’s stock worth $37,000 after purchasing an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.

NYSE TT traded down $5.78 during trading hours on Friday, reaching $139.89. The company’s stock had a trading volume of 1,880,412 shares, compared to its average volume of 1,343,081. The firm has a fifty day simple moving average of $151.62 and a 200-day simple moving average of $172.30. The stock has a market cap of $32.71 billion, a P/E ratio of 23.79, a P/E/G ratio of 1.10 and a beta of 1.03. Trane Technologies plc has a 52 week low of $139.34 and a 52 week high of $207.06. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.36 and a quick ratio of 1.04.

Trane Technologies (NYSE:TTGet Rating) last issued its quarterly earnings data on Monday, January 31st. The company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.05. Trane Technologies had a net margin of 10.07% and a return on equity of 23.09%. The business had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.53 billion. During the same quarter last year, the business earned $1.03 EPS. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. On average, research analysts expect that Trane Technologies plc will post 7.04 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Friday, June 3rd will be issued a dividend of $0.67 per share. The ex-dividend date is Thursday, June 2nd. This represents a $2.68 annualized dividend and a yield of 1.92%. Trane Technologies’s payout ratio is 45.58%.

TT has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Trane Technologies from a “hold” rating to a “buy” rating and set a $201.00 target price on the stock in a research report on Monday, January 10th. Wolfe Research decreased their target price on shares of Trane Technologies from $210.00 to $202.00 and set a “peer perform” rating on the stock in a research report on Tuesday, February 1st. Credit Suisse Group decreased their target price on shares of Trane Technologies from $213.00 to $204.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 1st. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Trane Technologies from $184.00 to $171.00 and set a “hold” rating on the stock in a research report on Thursday, April 14th. Finally, Morgan Stanley cut their price target on shares of Trane Technologies from $217.00 to $213.00 and set an “overweight” rating for the company in a report on Friday, January 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Trane Technologies presently has a consensus rating of “Hold” and a consensus price target of $195.44.

In related news, SVP Keith A. Sultana sold 3,520 shares of Trane Technologies stock in a transaction on Friday, February 4th. The shares were sold at an average price of $160.05, for a total value of $563,376.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Keith A. Sultana sold 5,885 shares of Trane Technologies stock in a transaction on Tuesday, February 8th. The shares were sold at an average price of $160.00, for a total transaction of $941,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,424 shares of company stock valued at $2,295,970. Company insiders own 0.74% of the company’s stock.

Trane Technologies Company Profile (Get Rating)

Trane Technologies plc, together with its subsidiaries, engages in the designing, manufacturing, selling, and servicing of solutions for heating, ventilation, air conditioning, and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation products; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality assessments and related products; large and light commercial unitary products; motor replacements; 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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