Tokio Marine Asset Management Co. Ltd. Has $2.48 Million Holdings in Trane Technologies plc (NYSE:TT)

Tokio Marine Asset Management Co. Ltd. raised its position in Trane Technologies plc (NYSE:TT) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,707 shares of the company’s stock after purchasing an additional 291 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Trane Technologies were worth $2,477,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Quarry LP bought a new position in shares of Trane Technologies during the second quarter worth about $39,000. Czech National Bank raised its stake in Trane Technologies by 6.6% during the third quarter. Czech National Bank now owns 45,971 shares of the company’s stock worth $17,870,000 after buying an additional 2,837 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Trane Technologies by 23.3% in the third quarter. GAMMA Investing LLC now owns 5,281 shares of the company’s stock valued at $2,053,000 after buying an additional 998 shares during the period. Azzad Asset Management Inc. ADV lifted its stake in shares of Trane Technologies by 1.1% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 6,388 shares of the company’s stock valued at $2,483,000 after purchasing an additional 68 shares during the period. Finally, Diversified Trust Co boosted its position in shares of Trane Technologies by 4.5% during the 3rd quarter. Diversified Trust Co now owns 3,310 shares of the company’s stock valued at $1,287,000 after purchasing an additional 144 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Royal Bank of Canada boosted their price target on Trane Technologies from $390.00 to $395.00 and gave the company a “sector perform” rating in a research note on Friday, January 3rd. HSBC lowered shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price objective on the stock. in a report on Thursday, October 31st. Hsbc Global Res downgraded Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Melius lowered Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 price target on the stock. in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. boosted their price objective on Trane Technologies from $387.00 to $396.00 and gave the company a “neutral” rating in a report on Friday. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $415.25.

Insider Activity

In related news, SVP Mairead Magner sold 4,329 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total transaction of $1,800,864.00. Following the completion of the transaction, the senior vice president now owns 12,893 shares of the company’s stock, valued at approximately $5,363,488. The trade was a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.38% of the stock is owned by company insiders.

Trane Technologies Stock Down 1.1 %

TT opened at $362.47 on Monday. Trane Technologies plc has a twelve month low of $250.79 and a twelve month high of $422.00. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 0.57. The company’s 50-day moving average price is $389.53 and its two-hundred day moving average price is $376.56. The stock has a market cap of $81.56 billion, a price-to-earnings ratio of 33.62, a PEG ratio of 1.96 and a beta of 1.06.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.52 by $0.09. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. As a group, equities analysts expect that Trane Technologies plc will post 11.16 earnings per share for the current year.

About Trane Technologies

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.