Trane Technologies plc (NYSE:TT) is Regents Gate Capital LLP's 5th Largest Position

Regents Gate Capital LLP lifted its position in Trane Technologies plc (NYSE:TT - Free Report) by 11.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,520 shares of the company's stock after purchasing an additional 3,078 shares during the period. Trane Technologies comprises 4.4% of Regents Gate Capital LLP's portfolio, making the stock its 5th largest holding. Regents Gate Capital LLP's holdings in Trane Technologies were worth $10,283,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quadrant Capital Group LLC grew its stake in Trane Technologies by 0.8% during the fourth quarter. Quadrant Capital Group LLC now owns 3,786 shares of the company's stock valued at $1,398,000 after acquiring an additional 30 shares in the last quarter. Tradewinds Capital Management LLC grew its stake in 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 acquiring an additional 30 shares in the last quarter. Smith Group Asset Management LLC grew its stake in Trane Technologies by 1.2% during the first quarter. Smith Group Asset Management LLC now owns 2,610 shares of the company's stock valued at $879,000 after acquiring an additional 30 shares in the last quarter. Tortoise Investment Management LLC grew its stake in Trane Technologies by 6.5% during the fourth quarter. Tortoise Investment Management LLC now owns 537 shares of the company's stock valued at $198,000 after acquiring an additional 33 shares in the last quarter. Finally, Foster Group Inc. grew its stake in Trane Technologies by 1.2% during the first quarter. Foster Group Inc. now owns 2,833 shares of the company's stock valued at $954,000 after acquiring an additional 33 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trane Technologies

In other news, insider Donald E. Simmons sold 3,571 shares of the company's 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 completion of the sale, the insider owned 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 this link. Insiders own 0.38% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. UBS Group raised their target price on shares of Trane Technologies from $470.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada lifted their price objective 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. Barclays lifted their price objective on shares of Trane Technologies from $476.00 to $480.00 and gave the stock an "overweight" rating in a research note on Wednesday. Hsbc Global Res raised shares of Trane Technologies from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Finally, Stephens raised shares of Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 price objective for the company in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $434.00.

Trane Technologies Trading Up 0.1%

Shares of TT stock traded up $0.57 during trading hours on Thursday, reaching $434.18. 1,051,158 shares of the stock were exchanged, compared to its average volume of 1,334,810. The firm has a market capitalization of $96.83 billion, a price-to-earnings ratio of 36.12, a price-to-earnings-growth ratio of 2.82 and a beta of 1.15. The company has a current ratio of 1.09, a quick ratio of 0.74 and a debt-to-equity ratio of 0.52. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $438.95. The company's 50-day moving average price is $425.24 and its 200-day moving average price is $380.77.

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

Trane Technologies Announces Dividend

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

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.