Trane Technologies plc (NYSE:TT) Shares Acquired by Trium Capital LLP

Trium Capital LLP increased its position in Trane Technologies plc (NYSE:TT) by 20.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,974 shares of the company’s stock after purchasing an additional 829 shares during the period. Trane Technologies comprises about 0.2% of Trium Capital LLP’s investment portfolio, making the stock its 19th biggest holding. Trium Capital LLP’s holdings in Trane Technologies were worth $1,676,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TT. WFA Asset Management Corp lifted its position in shares of Trane Technologies by 208.3% during the first quarter. WFA Asset Management Corp now owns 74 shares of the company’s stock worth $25,000 after purchasing an additional 50 shares in the last quarter. Minot DeBlois Advisors LLC bought a new position in Trane Technologies in the fourth quarter valued at $26,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of Trane Technologies in the 4th quarter valued at about $28,000. Opal Wealth Advisors LLC acquired a new stake in shares of Trane Technologies during the 1st quarter worth about $31,000. Finally, Tradewinds Capital Management LLC boosted its holdings in Trane Technologies by 46.2% in the 1st quarter. Tradewinds Capital Management LLC now owns 95 shares of the company’s stock valued at $32,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada upped their price objective on shares of Trane Technologies from $363.00 to $408.00 and gave the company a “sector perform” rating in a research note on Thursday, May 1st. Citigroup lifted their price target on shares of Trane Technologies from $415.00 to $445.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. UBS Group boosted their price target on Trane Technologies from $470.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, May 22nd. Stephens raised shares of Trane Technologies from an “equal weight” rating to an “overweight” rating and set a $475.00 target price for the company in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Trane Technologies from $334.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $433.67.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, insider Donald E. Simmons sold 3,571 shares of the business’s stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $380.00, for a total value of $1,356,980.00. Following the sale, the insider owned 3,593 shares in the company, valued at approximately $1,365,340. The trade was a 49.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.38% of the stock is owned by company insiders.

Trane Technologies Trading Down 1.8%

TT opened at $426.68 on Wednesday. The firm has a market capitalization of $95.16 billion, a P/E ratio of 35.50, a P/E/G ratio of 2.86 and a beta of 1.15. The firm’s 50 day moving average is $423.41 and its 200-day moving average is $380.01. The company has a quick ratio of 0.74, a current ratio of 1.09 and a debt-to-equity ratio of 0.52. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $438.95.

Trane Technologies (NYSE:TT) last announced its earnings results on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.20 by $0.25. Trane Technologies had a net margin of 13.47% and a return on equity of 36.10%. The company had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same period last year, the company posted $1.94 earnings per share. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. Analysts expect that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Friday, September 5th. Trane Technologies’s dividend payout ratio (DPR) is currently 31.28%.

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.