Park Square Financial Group LLC Purchases 774 Shares of Trane Technologies plc (NYSE:TT)

Park Square Financial Group LLC boosted its position in Trane Technologies plc (NYSE:TT - Free Report) by 1,842.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 816 shares of the company's stock after purchasing an additional 774 shares during the period. Park Square Financial Group LLC's holdings in Trane Technologies were worth $275,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TT. WFA Asset Management Corp boosted its stake in Trane Technologies by 208.3% in the first quarter. WFA Asset Management Corp now owns 74 shares of the company's stock valued at $25,000 after acquiring an additional 50 shares during the last quarter. Minot DeBlois Advisors LLC purchased a new position in Trane Technologies in the fourth quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC purchased a new position in Trane Technologies in the fourth quarter valued at about $28,000. Opal Wealth Advisors LLC purchased a new position in Trane Technologies in the first quarter valued at about $31,000. Finally, Tradewinds Capital Management LLC boosted its stake in Trane Technologies by 46.2% in the first quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock valued at $32,000 after acquiring an additional 30 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TT has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their target price on shares of Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Hsbc Global Res upgraded shares of Trane Technologies from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Royal Bank Of Canada increased their target price on shares of Trane Technologies from $363.00 to $408.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 1st. UBS Group increased their price target on shares of Trane Technologies from $470.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Finally, Robert W. Baird increased their price target on shares of Trane Technologies from $360.00 to $396.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Trane Technologies has an average rating of "Moderate Buy" and an average price target of $437.80.

Insider Transactions 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 shares were sold at an average price of $380.00, for a total value of $1,356,980.00. Following the sale, the insider owned 3,593 shares of the company's stock, valued at $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 available at the SEC website. 0.38% of the stock is currently owned by company insiders.

Trane Technologies Trading Up 0.3%

Shares of TT stock traded up $1.27 on Monday, hitting $438.77. 1,151,961 shares of the company's stock traded hands, compared to its average volume of 1,335,119. 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 plc has a one year low of $298.15 and a one year high of $444.00. The company's fifty day simple moving average is $425.99 and its 200 day simple moving average is $381.20. The stock has a market capitalization of $97.86 billion, a price-to-earnings ratio of 36.50, a P/E/G ratio of 2.85 and a beta of 1.15.

Trane Technologies (NYSE:TT - Get Free Report) last released its earnings results 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 company had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same quarter last year, the firm earned $1.94 EPS. The firm's quarterly revenue was up 11.2% compared to the same quarter last year. Equities analysts forecast that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, September 5th. Trane Technologies's dividend payout ratio is currently 31.28%.

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.