Calamos Advisors LLC Has $1.18 Million Position in Trane Technologies plc (NYSE:TT)

Calamos Advisors LLC decreased its position in shares of Trane Technologies plc (NYSE:TT) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,838 shares of the company’s stock after selling 261 shares during the period. Calamos Advisors LLC’s holdings in Trane Technologies were worth $1,180,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TT. Norges Bank acquired a new stake in shares of Trane Technologies in the 4th quarter valued at $526,026,000. Moneta Group Investment Advisors LLC grew its position in Trane Technologies by 109,668.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,963,758 shares of the company’s stock valued at $330,088,000 after acquiring an additional 1,961,969 shares during the last quarter. First Trust Advisors LP raised its stake in Trane Technologies by 2,606.5% during the first quarter. First Trust Advisors LP now owns 1,081,171 shares of the company’s stock worth $165,095,000 after acquiring an additional 1,041,224 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Trane Technologies by 24,670.7% in the fourth quarter. International Assets Investment Management LLC now owns 1,034,423 shares of the company’s stock worth $252,296,000 after acquiring an additional 1,030,247 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Trane Technologies by 5.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,085,662 shares of the company’s stock valued at $3,466,852,000 after purchasing an additional 880,583 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

Trane Technologies Stock Down 0.4 %

Trane Technologies stock opened at $288.27 on Monday. The firm has a market cap of $65.46 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 2.43 and a beta of 1.05. Trane Technologies plc has a 52-week low of $162.04 and a 52-week high of $306.98. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 1.13. The firm has a 50 day moving average price of $289.67 and a two-hundred day moving average price of $251.65.

Trane Technologies (NYSE:TT) last announced its earnings results on Thursday, February 1st. The company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.04. The business had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.43 billion. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. Trane Technologies’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.82 earnings per share. Equities analysts predict that Trane Technologies plc will post 10.2 EPS for the current year.

Trane Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $0.84 per share. The ex-dividend date is Thursday, June 6th. This represents a $3.36 annualized dividend and a yield of 1.17%. Trane Technologies’s dividend payout ratio is currently 38.23%.

Insiders Place Their Bets

In other news, SVP Keith A. Sultana sold 1,637 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $267.74, for a total transaction of $438,290.38. Following the completion of the sale, the senior vice president now owns 42,374 shares of the company’s stock, valued at approximately $11,345,214.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Keith A. Sultana sold 1,637 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $267.74, for a total transaction of $438,290.38. Following the transaction, the senior vice president now owns 42,374 shares in the company, valued at $11,345,214.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Keith A. Sultana sold 1,983 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $272.26, for a total value of $539,891.58. Following the completion of the sale, the senior vice president now owns 42,575 shares of the company’s stock, valued at $11,591,469.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,874 shares of company stock worth $8,462,825. 0.39% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TT shares. The Goldman Sachs Group upped their price objective on shares of Trane Technologies from $253.00 to $287.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. Stephens increased their price target on Trane Technologies from $235.00 to $280.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Barclays boosted their price objective on Trane Technologies from $286.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada increased their target price on Trane Technologies from $231.00 to $246.00 and gave the company a “sector perform” rating in a research report on Friday, February 2nd. Finally, Citigroup boosted their price target on Trane Technologies from $309.00 to $355.00 and gave the stock a “buy” rating in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Trane Technologies currently has a consensus rating of “Hold” and an average price target of $251.83.

Trane Technologies 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.