Cullen Investment Group LTD. Sells 830 Shares of Trane Technologies plc (NYSE:TT)

Cullen Investment Group LTD. cut its stake in Trane Technologies plc (NYSE:TT - Free Report) by 3.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,071 shares of the company's stock after selling 830 shares during the period. Trane Technologies comprises approximately 1.4% of Cullen Investment Group LTD.'s portfolio, making the stock its 19th largest position. Cullen Investment Group LTD.'s holdings in Trane Technologies were worth $9,121,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TT. Minot DeBlois Advisors LLC purchased a new stake in Trane Technologies during the fourth quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of Trane Technologies during the fourth quarter valued at about $28,000. Flagship Wealth Advisors LLC bought a new position in shares of Trane Technologies during the fourth quarter valued at about $37,000. Golden State Wealth Management LLC bought a new position in Trane Technologies in the fourth quarter worth about $39,000. Finally, BankPlus Trust Department bought a new position in Trane Technologies in the fourth quarter worth about $45,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trane Technologies

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

Trane Technologies Price Performance

Shares of TT stock traded down $2.12 on Friday, hitting $430.17. 2,264,866 shares of the stock traded hands, compared to its average volume of 1,355,140. The firm has a market cap of $95.94 billion, a price-to-earnings ratio of 38.24, a PEG ratio of 2.50 and a beta of 1.14. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $436.61. The firm has a 50 day simple moving average of $373.99 and a two-hundred day simple moving average of $375.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.21 and a quick ratio of 0.88.

Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.20 by $0.25. The firm had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.46 billion. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. The company's revenue was up 11.2% on a year-over-year basis. During the same period last year, the firm earned $1.94 EPS. As a group, equities research analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $0.94 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.76 dividend on an annualized basis and a yield of 0.87%. Trane Technologies's dividend payout ratio is currently 31.28%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TT shares. Wells Fargo & Company increased their price target on shares of Trane Technologies from $330.00 to $370.00 and gave the stock an "underweight" rating in a research note on Thursday, May 1st. Royal Bank of Canada increased their price target on shares of Trane Technologies from $363.00 to $408.00 and gave the company a "sector perform" rating in a report on Thursday, May 1st. Citigroup increased their price target 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. Robert W. Baird raised their target price on shares of Trane Technologies from $360.00 to $396.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Finally, Barclays dropped their price target on shares of Trane Technologies from $500.00 to $475.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $427.47.

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.