Dupont Capital Management Corp Sells 9,633 Shares of Trane Technologies plc (NYSE:TT)

Dupont Capital Management Corp trimmed its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 32.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,311 shares of the company's stock after selling 9,633 shares during the quarter. Dupont Capital Management Corp's holdings in Trane Technologies were worth $6,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WFA Asset Management Corp lifted 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 during the period. Minot DeBlois Advisors LLC purchased a new stake in shares of Trane Technologies in the 4th quarter worth $26,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Trane Technologies in the 4th quarter worth $28,000. Opal Wealth Advisors LLC purchased a new stake in shares of Trane Technologies in the 1st quarter worth $31,000. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of Trane Technologies in the 4th quarter worth $37,000. 82.97% of the stock is owned by institutional investors.

Trane Technologies Stock Down 0.1%

TT opened at $419.25 on Friday. The firm has a 50-day simple moving average of $401.13 and a two-hundred day simple moving average of $377.22. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $436.61. The company has a market capitalization of $93.50 billion, a PE ratio of 34.88, a price-to-earnings-growth ratio of 2.76 and a beta of 1.16. The company has a quick ratio of 0.74, a current ratio of 1.09 and a debt-to-equity ratio of 0.52.

Trane Technologies (NYSE:TT - Get Free Report) last released 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. Trane Technologies had a net margin of 13.47% and a return on equity of 36.10%. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the prior year, the firm earned $1.94 EPS. The business's revenue was up 11.2% on a year-over-year basis. Analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, September 5th. Trane Technologies's payout ratio is 31.28%.

Insider Activity at Trane Technologies

In related news, insider Donald E. Simmons sold 3,571 shares of the 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 transaction, the insider now owns 3,593 shares of the company's stock, valued at approximately $1,365,340. This trade represents a 49.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.38% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Robert W. Baird upped their price objective on Trane Technologies from $360.00 to $396.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Wells Fargo & Company upped their price objective on Trane Technologies from $330.00 to $370.00 and gave the stock an "underweight" rating in a research note on Thursday, May 1st. HSBC upgraded Trane Technologies from a "hold" rating to a "buy" rating and upped their price objective for the stock from $405.00 to $415.00 in a research note on Friday, April 25th. Hsbc Global Res upgraded Trane Technologies from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Finally, 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 note on Thursday, May 22nd. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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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