Kintegral Advisory LLC Sells 5,878 Shares of Trane Technologies plc (NYSE:TT)

Kintegral Advisory LLC reduced its position in Trane Technologies plc (NYSE:TT - Free Report) by 32.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 11,985 shares of the company's stock after selling 5,878 shares during the period. Kintegral Advisory LLC's holdings in Trane Technologies were worth $4,038,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. WFA Asset Management Corp increased its position in shares of Trane Technologies by 208.3% during the first 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 bought a new stake in shares of Trane Technologies during the fourth quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Trane Technologies during the fourth quarter valued at about $28,000. Opal Wealth Advisors LLC bought a new stake in shares of Trane Technologies during the first quarter valued at about $31,000. Finally, Tradewinds Capital Management LLC increased its position in shares of Trane Technologies by 46.2% during the first quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock valued at $32,000 after buying an additional 30 shares during the period. 82.97% of the stock is currently owned by institutional investors.

Insider Transactions at Trane Technologies

In other Trane Technologies news, insider Donald E. Simmons sold 3,571 shares of the 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 completion of the transaction, the insider owned 3,593 shares in the company, valued at approximately $1,365,340. This represents a 49.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.38% of the company's stock.

Trane Technologies Trading Down 0.7%

TT stock traded down $3.28 on Monday, reaching $434.11. The company's stock had a trading volume of 1,342,925 shares, compared to its average volume of 1,333,347. The business has a fifty day simple moving average of $420.30 and a two-hundred day simple moving average of $379.29. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $439.64. The firm has a market cap of $96.82 billion, a PE ratio of 36.12, a PEG ratio of 2.88 and a beta of 1.15. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.74 and a current ratio of 1.09.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.20 by $0.25. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.46 billion. Trane Technologies had a return on equity of 36.10% and a net margin of 13.47%. The firm's quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.94 earnings per share. As a group, research analysts forecast that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $0.94 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.76 dividend on an annualized basis and a yield of 0.87%. Trane Technologies's dividend payout ratio (DPR) is 31.28%.

Wall Street Analyst Weigh In

TT has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Trane Technologies from $334.00 to $400.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Robert W. Baird upped their price objective on shares of Trane Technologies from $360.00 to $396.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Hsbc Global Res upgraded shares of Trane Technologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. HSBC upgraded shares of 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 report on Friday, April 25th. Finally, Barclays decreased their price objective on shares of Trane Technologies from $500.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. 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 given a strong buy rating to the stock. According to MarketBeat, Trane Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $430.13.

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.