Neville Rodie & Shaw Inc. Sells 1,200 Shares of Trane Technologies plc (NYSE:TT)

Neville Rodie & Shaw Inc. reduced its position in Trane Technologies plc (NYSE:TT - Free Report) by 31.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,605 shares of the company's stock after selling 1,200 shares during the quarter. Neville Rodie & Shaw Inc.'s holdings in Trane Technologies were worth $878,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Minot DeBlois Advisors LLC purchased a new stake in Trane Technologies during the 4th quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Trane Technologies during the 4th quarter valued at about $28,000. Flagship Wealth Advisors LLC purchased a new stake in Trane Technologies in the fourth quarter worth about $37,000. Golden State Wealth Management LLC bought a new stake in Trane Technologies during the 4th quarter valued at approximately $39,000. Finally, BankPlus Trust Department purchased a new position in shares of Trane Technologies during the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Insiders Place Their Bets

In other Trane Technologies news, insider Donald E. Simmons sold 3,571 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 3,593 shares in the company, valued at approximately $1,365,340. This trade represents a 49.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.38% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TT. Hsbc Global Res upgraded Trane Technologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Robert W. Baird upped their target price 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 raised shares of Trane Technologies from a "hold" rating to a "buy" rating and lifted their price target for the company from $405.00 to $415.00 in a research report on Friday, April 25th. Stephens upgraded shares of Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 price objective on the stock in a report on Thursday, May 1st. Finally, Citigroup lifted their target price 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $427.47.

Trane Technologies Stock Performance

Shares of NYSE TT traded down $2.12 during trading on Friday, reaching $430.17. 2,264,866 shares of the company traded hands, compared to its average volume of 1,357,258. The firm has a 50 day simple moving average of $373.99 and a 200-day simple moving average of $376.03. 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 PE ratio of 38.24, a P/E/G ratio of 2.50 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58.

Trane Technologies (NYSE:TT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 12.94% and a return on equity of 35.37%. The firm's quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the company posted $1.94 earnings per share. Equities research analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Dividend Announcement

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

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.