Trane Technologies plc (NYSE:TT) Shares Acquired by Regents Gate Capital LLP

Regents Gate Capital LLP increased its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 11.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,520 shares of the company's stock after acquiring an additional 3,078 shares during the period. Trane Technologies makes up 4.4% of Regents Gate Capital LLP's investment portfolio, making the stock its 5th largest holding. Regents Gate Capital LLP's holdings in Trane Technologies were worth $10,283,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TT. WFA Asset Management Corp increased its holdings in 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 last quarter. Minot DeBlois Advisors LLC purchased a new position in shares of Trane Technologies in the 4th quarter worth $26,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Trane Technologies in the 4th quarter worth $28,000. Opal Wealth Advisors LLC bought a new stake in shares of Trane Technologies in the 1st quarter worth about $31,000. Finally, Tradewinds Capital Management LLC lifted its holdings in shares of Trane Technologies by 46.2% in the 1st quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock worth $32,000 after acquiring an additional 30 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

Insider Activity

In related news, insider Donald E. Simmons sold 3,571 shares of Trane Technologies 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 transaction, the insider directly owned 3,593 shares in the company, valued at $1,365,340. This trade represents a 49.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.38% of the company's stock.

Trane Technologies Stock Up 1.5%

Shares of TT traded up $6.60 during mid-day trading on Wednesday, hitting $433.49. 841,621 shares of the company's stock were exchanged, compared to its average volume of 1,332,814. The stock's 50-day moving average is $423.41 and its 200-day moving average is $380.01. The company has a market cap of $96.68 billion, a price-to-earnings ratio of 36.06, a P/E/G ratio of 2.86 and a beta of 1.15. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $438.95. 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 announced its quarterly 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. The company had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.46 billion. Trane Technologies had a net margin of 13.47% and a return on equity of 36.10%. The firm's revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.94 earnings per share. On average, sell-side analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $0.94 per share. The ex-dividend date is Friday, September 5th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.87%. Trane Technologies's dividend payout ratio (DPR) is presently 31.28%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TT. The Goldman Sachs Group lifted their price objective on shares of Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a report on Tuesday. Hsbc Global Res raised shares of Trane Technologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Wells Fargo & Company lifted their price objective on shares of Trane Technologies from $370.00 to $410.00 and gave the company an "underweight" rating in a research note on Tuesday, July 1st. Barclays boosted their target price on shares of Trane Technologies from $476.00 to $480.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, HSBC raised shares of Trane Technologies from a "hold" rating to a "buy" rating and upped their target price for the stock from $405.00 to $415.00 in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Trane Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $434.00.

Trane Technologies 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.