Trane Technologies plc (NYSE:TT) Shares Sold by Patton Fund Management Inc.

Patton Fund Management Inc. decreased its stake in Trane Technologies plc (NYSE:TT - Free Report) by 22.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,576 shares of the company's stock after selling 2,822 shares during the period. Patton Fund Management Inc.'s holdings in Trane Technologies were worth $3,226,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in 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 purchasing an additional 2,323 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Trane Technologies by 2.9% during the 4th quarter. Valeo Financial Advisors LLC now owns 2,017 shares of the company's stock worth $745,000 after buying an additional 57 shares during the last quarter. Principal Securities Inc. boosted its position in shares of Trane Technologies by 14.3% in the 4th quarter. Principal Securities Inc. now owns 5,584 shares of the company's stock worth $2,063,000 after buying an additional 700 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in Trane Technologies by 3.4% in the 4th quarter. J.W. Cole Advisors Inc. now owns 1,790 shares of the company's stock valued at $661,000 after acquiring an additional 59 shares during the last quarter. Finally, Monument Capital Management increased its holdings in Trane Technologies by 6.7% during the 4th quarter. Monument Capital Management now owns 6,966 shares of the company's stock valued at $2,573,000 after acquiring an additional 436 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Trane Technologies Trading Down 1.1%

TT stock traded down $4.75 on Tuesday, hitting $421.86. 1,074,501 shares of the company were exchanged, compared to its average volume of 1,345,895. The stock has a market capitalization of $94.08 billion, a price-to-earnings ratio of 37.50, a price-to-earnings-growth ratio of 2.50 and a beta of 1.16. The business's fifty day moving average is $394.95 and its two-hundred day moving average is $376.53. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $436.61. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.21 and a quick ratio of 0.88.

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, topping analysts' consensus estimates of $2.20 by $0.25. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same period in the prior year, the firm posted $1.94 EPS. The business's revenue for the quarter was up 11.2% on a year-over-year basis. As a group, research analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Friday, September 5th. Trane Technologies's dividend payout ratio is currently 31.28%.

Insider Transactions at Trane Technologies

In related news, insider Donald E. Simmons sold 3,571 shares of the company's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $380.00, for a total transaction of $1,356,980.00. Following the completion of the sale, the insider now directly owns 3,593 shares of the company's stock, valued at approximately $1,365,340. This represents a 49.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.38% of the company's stock.

Wall Street Analyst Weigh In

TT has been the topic of several recent research reports. Royal Bank of Canada upped their price target on shares of Trane Technologies from $363.00 to $408.00 and gave the company a "sector perform" rating in a report on Thursday, May 1st. Robert W. Baird increased their target price on Trane Technologies from $360.00 to $396.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. UBS Group raised their price target on Trane Technologies from $470.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. upped their price objective on Trane Technologies from $334.00 to $400.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Hsbc Global Res upgraded Trane Technologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.