Trane Technologies plc (NYSE:TT) Shares Sold by DSG Capital Advisors LLC

DSG Capital Advisors LLC decreased its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 25.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 13,123 shares of the company's stock after selling 4,543 shares during the period. Trane Technologies makes up approximately 0.9% of DSG Capital Advisors LLC's investment portfolio, making the stock its 29th largest holding. DSG Capital Advisors LLC's holdings in Trane Technologies were worth $4,421,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Trane Technologies by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 19,235,570 shares of the company's stock valued at $7,104,658,000 after buying an additional 152,353 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Trane Technologies by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 4,775,263 shares of the company's stock worth $1,760,549,000 after purchasing an additional 136,349 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Trane Technologies by 4.1% during the 4th quarter. Ameriprise Financial Inc. now owns 3,343,390 shares of the company's stock valued at $1,234,908,000 after purchasing an additional 130,867 shares in the last quarter. Norges Bank acquired a new position in shares of Trane Technologies in the 4th quarter valued at $1,117,816,000. Finally, Northern Trust Corp boosted its holdings in Trane Technologies by 20.1% during the fourth quarter. Northern Trust Corp now owns 2,567,527 shares of the company's stock worth $948,316,000 after buying an additional 429,953 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Trane Technologies Price Performance

TT traded up $6.93 on Friday, reaching $439.64. 1,182,309 shares of the company's stock were exchanged, compared to its average volume of 1,333,717. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $438.15. The stock has a market cap of $98.05 billion, a PE ratio of 36.58, a P/E/G ratio of 2.85 and a beta of 1.15. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.09 and a quick ratio of 0.74. The stock's fifty day moving average price is $418.47 and its 200-day moving average price is $378.93.

Trane Technologies (NYSE:TT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $2.45 earnings per share for the quarter, topping 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 analysts' expectations of $4.46 billion. During the same period in the previous year, the firm posted $1.94 EPS. The business's revenue for the quarter was up 11.2% compared to the same quarter last year. Sell-side analysts expect that Trane Technologies plc will post 12.83 EPS for the current 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 paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Friday, September 5th. Trane Technologies's dividend payout ratio (DPR) is presently 31.28%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TT shares. Wells Fargo & Company lifted their price objective on shares of Trane Technologies from $370.00 to $410.00 and gave the company an "underweight" rating in a report on Tuesday. Royal Bank Of Canada lifted their price target on Trane Technologies from $363.00 to $408.00 and gave the company a "sector perform" rating in a research note on Thursday, May 1st. UBS Group increased 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. JPMorgan Chase & Co. boosted their price objective on Trane Technologies from $334.00 to $400.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Stephens raised Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 target price for the company in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $430.13.

Insider Activity at Trane Technologies

In related news, insider Donald E. Simmons sold 3,571 shares of the company's stock in a transaction dated 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 completion of the sale, the insider owned 3,593 shares of the company's stock, valued at approximately $1,365,340. This represents a 49.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.38% of the stock is currently owned by corporate insiders.

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.