Trane Technologies plc $TT Stock Position Decreased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in shares of Trane Technologies plc (NYSE:TT) by 17.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,008,998 shares of the company’s stock after selling 214,468 shares during the quarter. Trane Technologies accounts for 0.6% of Robeco Institutional Asset Management B.V.’s portfolio, making the stock its 29th largest holding. Robeco Institutional Asset Management B.V.’s holdings in Trane Technologies were worth $392,702,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of TT. Aptus Capital Advisors LLC lifted its holdings in shares of Trane Technologies by 169.8% in the third quarter. Aptus Capital Advisors LLC now owns 14,738 shares of the company’s stock valued at $6,219,000 after purchasing an additional 9,276 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Trane Technologies in the third quarter valued at $6,571,000. Nordea Investment Management AB lifted its holdings in shares of Trane Technologies by 2.4% in the third quarter. Nordea Investment Management AB now owns 2,513,508 shares of the company’s stock valued at $1,051,049,000 after purchasing an additional 57,774 shares in the last quarter. Boston Common Asset Management LLC purchased a new stake in shares of Trane Technologies in the third quarter valued at $9,546,000. Finally, Compass Wealth Management LLC lifted its holdings in shares of Trane Technologies by 3,785.4% in the third quarter. Compass Wealth Management LLC now owns 27,198 shares of the company’s stock valued at $11,476,000 after purchasing an additional 26,498 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

Insider Transactions at Trane Technologies

In other Trane Technologies news, insider Donald E. Simmons sold 3,762 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $422.70, for a total transaction of $1,590,197.40. Following the transaction, the insider directly owned 3,819 shares in the company, valued at $1,614,291.30. This trade represents a 49.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Elizabeth A. Elwell sold 635 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $422.70, for a total value of $268,414.50. Following the transaction, the chief accounting officer owned 7,100 shares in the company, valued at approximately $3,001,170. This trade represents a 8.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 57,997 shares of company stock valued at $25,107,014 in the last three months. 0.14% of the stock is currently owned by insiders.

Trane Technologies Price Performance

Shares of NYSE:TT opened at $465.67 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. Trane Technologies plc has a 1 year low of $318.08 and a 1 year high of $479.37. The business has a fifty day simple moving average of $440.95 and a 200 day simple moving average of $419.62. The firm has a market cap of $103.07 billion, a price-to-earnings ratio of 35.88, a P/E/G ratio of 2.45 and a beta of 1.21.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Thursday, January 29th. The company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.05. Trane Technologies had a return on equity of 36.34% and a net margin of 13.69%.The business had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.09 billion. During the same period last year, the company earned $2.61 earnings per share. Trane Technologies’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, sell-side analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, June 5th. Trane Technologies’s dividend payout ratio (DPR) is currently 32.36%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Morgan Stanley reduced their target price on Trane Technologies from $550.00 to $535.00 and set an “overweight” rating for the company in a report on Tuesday, January 13th. Weiss Ratings restated a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday, January 21st. JPMorgan Chase & Co. increased their target price on Trane Technologies from $434.00 to $460.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Royal Bank Of Canada increased their target price on Trane Technologies from $469.00 to $470.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. Finally, Citigroup increased their price objective on Trane Technologies from $513.00 to $525.00 and gave the stock a “buy” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Trane Technologies has an average rating of “Moderate Buy” and a consensus price target of $484.67.

Trane Technologies Profile

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.