GTS Securities LLC Lowers Stock Holdings in Trane Technologies plc (NYSE:TT)

GTS Securities LLC decreased its position in Trane Technologies plc (NYSE:TT - Free Report) by 86.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,192 shares of the company's stock after selling 7,657 shares during the quarter. GTS Securities LLC's holdings in Trane Technologies were worth $440,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TT. Brighton Jones LLC increased its stake in shares of Trane Technologies by 60.0% in the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company's stock valued at $2,288,000 after acquiring an additional 2,323 shares during the last quarter. RFG Advisory LLC lifted its stake in shares of Trane Technologies by 24.1% during the 4th quarter. RFG Advisory LLC now owns 763 shares of the company's stock worth $282,000 after buying an additional 148 shares during the last quarter. First Citizens Bank & Trust Co. lifted its stake in shares of Trane Technologies by 17.6% during the 4th quarter. First Citizens Bank & Trust Co. now owns 1,081 shares of the company's stock worth $399,000 after buying an additional 162 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Trane Technologies by 30.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,576 shares of the company's stock worth $582,000 after purchasing an additional 368 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Trane Technologies by 69.7% in the 4th quarter. Blue Trust Inc. now owns 6,566 shares of the company's stock worth $2,552,000 after purchasing an additional 2,696 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Trane Technologies Stock Down 0.5%

Trane Technologies stock traded down $2.12 during midday trading on Friday, reaching $430.17. The company's stock had a trading volume of 2,264,866 shares, compared to its average volume of 1,355,140. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $436.61. The stock has a market capitalization of $95.94 billion, a P/E ratio of 38.24, a PEG ratio of 2.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.21 and a quick ratio of 0.88. The stock's 50-day simple moving average is $373.99 and its 200-day simple moving average is $375.52.

Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.25. The company had revenue of $4.69 billion during 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%. Trane Technologies's quarterly revenue was up 11.2% on a year-over-year basis. During the same period last year, the business earned $1.94 earnings per share. On average, sell-side analysts expect that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Dividend Announcement

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

Insider Transactions at Trane Technologies

In other news, insider Donald E. Simmons sold 3,571 shares of the company'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 transaction, the insider now owns 3,593 shares of the company's stock, valued at $1,365,340. This represents a 49.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.38% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TT shares. Citigroup lifted 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. Wells Fargo & Company upped their target price 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. Barclays lowered their price target on shares of Trane Technologies from $500.00 to $475.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. Stephens upgraded shares of Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 target price for the company in a research report on Thursday, May 1st. Finally, Royal Bank of Canada increased their price target on shares of Trane Technologies from $363.00 to $408.00 and gave the stock a "sector perform" rating in a report 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 issued a strong buy rating to the stock. Based on 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.