Trane Technologies plc (NYSE:TT) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of Trane Technologies plc (NYSE:TT) by 6.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 735,569 shares of the company’s stock after purchasing an additional 45,026 shares during the period. Dimensional Fund Advisors LP owned approximately 0.32% of Trane Technologies worth $241,988,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Aveo Capital Partners LLC boosted its holdings in shares of Trane Technologies by 4.5% in the fourth quarter. Aveo Capital Partners LLC now owns 1,322 shares of the company’s stock worth $322,000 after buying an additional 57 shares during the period. 9258 Wealth Management LLC boosted its stake in Trane Technologies by 17.5% in the 4th quarter. 9258 Wealth Management LLC now owns 3,652 shares of the company’s stock worth $891,000 after purchasing an additional 545 shares during the period. Brown Advisory Inc. grew its position in Trane Technologies by 2.5% during the 4th quarter. Brown Advisory Inc. now owns 37,231 shares of the company’s stock worth $9,081,000 after purchasing an additional 891 shares in the last quarter. Sachetta LLC acquired a new stake in Trane Technologies during the 4th quarter valued at $27,000. Finally, D.A. Davidson & CO. lifted its holdings in shares of Trane Technologies by 14.9% in the fourth quarter. D.A. Davidson & CO. now owns 6,377 shares of the company’s stock valued at $1,555,000 after purchasing an additional 827 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Trane Technologies

In other Trane Technologies news, EVP Raymond D. Pittard sold 1,805 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $328.65, for a total transaction of $593,213.25. Following the completion of the transaction, the executive vice president now owns 83,517 shares of the company’s stock, valued at approximately $27,447,862.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Trane Technologies news, EVP Raymond D. Pittard sold 1,805 shares of Trane Technologies stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $328.65, for a total value of $593,213.25. Following the transaction, the executive vice president now directly owns 83,517 shares of the company’s stock, valued at approximately $27,447,862.05. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David S. Regnery sold 29,450 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $321.25, for a total value of $9,460,812.50. Following the completion of the sale, the chief executive officer now directly owns 132,946 shares of the company’s stock, valued at $42,708,902.50. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.

Trane Technologies Price Performance

NYSE TT opened at $371.73 on Thursday. Trane Technologies plc has a fifty-two week low of $184.02 and a fifty-two week high of $379.52. The stock’s 50-day moving average is $343.21 and its two-hundred day moving average is $324.38. The firm has a market cap of $84.14 billion, a P/E ratio of 39.71, a price-to-earnings-growth ratio of 2.45 and a beta of 1.01. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.17 and a quick ratio of 0.84.

Trane Technologies (NYSE:TT) last posted its earnings results on Wednesday, July 31st. The company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.22. Trane Technologies had a return on equity of 33.97% and a net margin of 12.33%. The firm had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.13 billion. During the same period in the previous year, the company earned $2.68 EPS. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, analysts anticipate that Trane Technologies plc will post 10.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on TT shares. UBS Group upped their price target on Trane Technologies from $330.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, June 3rd. Barclays increased their price target on shares of Trane Technologies from $385.00 to $394.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Robert W. Baird boosted their price objective on shares of Trane Technologies from $360.00 to $365.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Wells Fargo & Company increased their target price on shares of Trane Technologies from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th. Finally, Morgan Stanley started coverage on shares of Trane Technologies in a report on Friday, September 6th. They set an “overweight” rating and a $425.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Trane Technologies currently has a consensus rating of “Hold” and a consensus price target of $343.54.

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.