DSG Capital Advisors LLC Buys New Position in Trane Technologies plc (NYSE:TT)

DSG Capital Advisors LLC bought a new position in shares of Trane Technologies plc (NYSE:TT - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 17,666 shares of the company's stock, valued at approximately $6,525,000. Trane Technologies comprises 1.2% of DSG Capital Advisors LLC's holdings, making the stock its 25th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Stonegate Investment Group LLC grew its stake in Trane Technologies by 11.9% during the 4th quarter. Stonegate Investment Group LLC now owns 15,378 shares of the company's stock valued at $5,680,000 after purchasing an additional 1,633 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Trane Technologies by 1,490.3% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 19,417 shares of the company's stock valued at $7,172,000 after buying an additional 18,196 shares during the period. Longboard Asset Management LP acquired a new position in shares of Trane Technologies in the 4th quarter valued at about $257,000. Consolidated Planning Corp raised its holdings in Trane Technologies by 8.3% in the 4th quarter. Consolidated Planning Corp now owns 14,252 shares of the company's stock worth $5,264,000 after purchasing an additional 1,091 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Trane Technologies by 4.9% in the 4th quarter. Van ECK Associates Corp now owns 52,058 shares of the company's stock worth $19,228,000 after purchasing an additional 2,438 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Trane Technologies

In other Trane Technologies news, insider Donald E. Simmons sold 3,571 shares of the firm's stock in a transaction 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 now directly owns 3,593 shares in the company, valued at $1,365,340. This trade represents a 49.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.38% of the stock is currently owned by company insiders.

Trane Technologies Trading Down 0.5%

NYSE:TT traded down $2.12 during trading hours on Friday, reaching $430.17. 2,264,866 shares of the stock were exchanged, compared to its average volume of 1,357,258. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average of $373.99 and a two-hundred day moving average of $376.03. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $436.61. The company has a market capitalization 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 (NYSE:TT - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, topping analysts' consensus estimates of $2.20 by $0.25. The company had revenue of $4.69 billion for the quarter, compared to analysts' expectations of $4.46 billion. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. The firm's revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.94 earnings per share. On average, equities analysts predict 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 Monday, June 30th. Investors of record on Friday, June 6th will be issued a $0.94 dividend. The ex-dividend date of this dividend 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 (DPR) is presently 31.28%.

Wall Street Analyst Weigh In

TT has been the subject of a number of research analyst reports. Hsbc Global Res raised Trane Technologies from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. 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 report on Thursday, May 1st. Royal Bank of Canada increased their target price on Trane Technologies from $363.00 to $408.00 and gave the company a "sector perform" rating in a report on Thursday, May 1st. Robert W. Baird increased their target price on Trane Technologies from $360.00 to $396.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Finally, Wells Fargo & Company increased their target price on Trane Technologies from $330.00 to $370.00 and gave the company an "underweight" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.