Trane Technologies plc (NYSE:TT) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 38.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,968 shares of the company's stock after selling 11,089 shares during the period. Crossmark Global Holdings Inc.'s holdings in Trane Technologies were worth $6,054,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Quadrant Capital Group LLC lifted its stake in shares of Trane Technologies by 0.8% in the 4th quarter. Quadrant Capital Group LLC now owns 3,786 shares of the company's stock worth $1,398,000 after purchasing an additional 30 shares during the period. Tradewinds Capital Management LLC grew its holdings in Trane Technologies by 46.2% during the 1st quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock valued at $32,000 after buying an additional 30 shares in the last quarter. Smith Group Asset Management LLC grew its holdings in Trane Technologies by 1.2% during the 1st quarter. Smith Group Asset Management LLC now owns 2,610 shares of the company's stock valued at $879,000 after buying an additional 30 shares in the last quarter. Tortoise Investment Management LLC grew its holdings in Trane Technologies by 6.5% during the 4th quarter. Tortoise Investment Management LLC now owns 537 shares of the company's stock valued at $198,000 after buying an additional 33 shares in the last quarter. Finally, Foster Group Inc. grew its holdings in Trane Technologies by 1.2% during the 1st quarter. Foster Group Inc. now owns 2,833 shares of the company's stock valued at $954,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Trane Technologies Stock Up 0.7%

TT traded up $2.86 on Friday, hitting $437.39. The company had a trading volume of 944,543 shares, compared to its average volume of 1,334,971. The stock has a fifty day moving average price of $425.99 and a 200-day moving average price of $381.17. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $445.61. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.74 and a current ratio of 1.09. The stock has a market capitalization of $97.55 billion, a price-to-earnings ratio of 36.39, a P/E/G ratio of 2.83 and a beta of 1.15.

Trane Technologies (NYSE:TT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $2.45 earnings per share (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 company had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same quarter in the previous year, the firm earned $1.94 earnings per share. The firm's quarterly revenue was up 11.2% compared to the same quarter last year. Analysts predict that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, September 5th. Trane Technologies's dividend payout ratio (DPR) is 31.28%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TT shares. JPMorgan Chase & Co. raised their target price on shares of Trane Technologies from $334.00 to $400.00 and gave the company a "neutral" rating in a report on Friday, May 16th. HSBC raised shares of Trane Technologies from a "hold" rating to a "buy" rating and raised their target price for the company from $405.00 to $415.00 in a report on Friday, April 25th. The Goldman Sachs Group raised their target price on shares of Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a report on Tuesday. Citigroup raised their target price on shares of Trane Technologies from $415.00 to $445.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, Barclays raised their target price on shares of Trane Technologies from $476.00 to $480.00 and gave the company an "overweight" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $434.00.

Insider Activity at Trane Technologies

In other news, insider Donald E. Simmons sold 3,571 shares of Trane Technologies stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $380.00, for a total transaction of $1,356,980.00. Following the completion of the transaction, the insider directly owned 3,593 shares of the company's stock, valued at $1,365,340. The trade was a 49.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is owned by company insiders.

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.