Board of the Pension Protection Fund Has $539,000 Stock Holdings in Trane Technologies plc (NYSE:TT)

Board of the Pension Protection Fund lessened its stake in Trane Technologies plc (NYSE:TT - Free Report) by 27.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,600 shares of the company's stock after selling 600 shares during the quarter. Board of the Pension Protection Fund's holdings in Trane Technologies were worth $539,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TT. WFA Asset Management Corp raised its holdings in shares of Trane Technologies by 208.3% during the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company's stock valued at $25,000 after buying an additional 50 shares in the last quarter. Minot DeBlois Advisors LLC bought a new stake in shares of Trane Technologies during the fourth quarter valued at approximately $26,000. Vermillion & White Wealth Management Group LLC purchased a new position in Trane Technologies during the 4th quarter valued at about $28,000. Opal Wealth Advisors LLC purchased a new position in Trane Technologies during the first quarter valued at $31,000. Finally, Flagship Wealth Advisors LLC bought a new stake in Trane Technologies during the 4th quarter valued at about $37,000. Institutional investors own 82.97% of the company's stock.

Insider Activity at Trane Technologies

In other news, insider Donald E. Simmons sold 3,571 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 3,593 shares in the company, valued at $1,365,340. This represents a 49.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.38% of the company's stock.

Trane Technologies Trading Up 0.4%

Shares of TT stock opened at $429.29 on Friday. The firm has a market cap of $95.74 billion, a P/E ratio of 35.71, a PEG ratio of 2.81 and a beta of 1.16. The firm's 50-day simple moving average is $408.31 and its 200-day simple moving average is $377.69. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $436.61. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.09 and a quick ratio of 0.74.

Trane Technologies (NYSE:TT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.20 by $0.25. Trane Technologies had a return on equity of 36.10% and a net margin of 13.47%. The business had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same period last year, the business posted $1.94 EPS. The company's revenue was up 11.2% on a year-over-year basis. As a group, equities analysts forecast that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $0.94 dividend. 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 payout ratio is 31.28%.

Analyst Upgrades and Downgrades

TT has been the subject of a number of research reports. HSBC upgraded shares of Trane Technologies from a "hold" rating to a "buy" rating and boosted their target price for the company from $405.00 to $415.00 in a research note on Friday, April 25th. Robert W. Baird upped their price target on Trane Technologies from $360.00 to $396.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Royal Bank Of Canada lifted their target price on Trane Technologies from $363.00 to $408.00 and gave the stock a "sector perform" rating in a report on Thursday, May 1st. UBS Group lifted their price objective on shares of Trane Technologies from $470.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Finally, Citigroup increased their price target on Trane Technologies from $415.00 to $445.00 and gave the company a "buy" rating in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Trane Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $427.47.

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.

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