Robeco Institutional Asset Management B.V. Sells 63,990 Shares of Trane Technologies plc (NYSE:TT)

Robeco Institutional Asset Management B.V. lessened its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,260,122 shares of the company's stock after selling 63,990 shares during the period. Trane Technologies accounts for 0.8% of Robeco Institutional Asset Management B.V.'s holdings, making the stock its 17th biggest holding. Robeco Institutional Asset Management B.V. owned about 0.56% of Trane Technologies worth $424,560,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TT. CWA Asset Management Group LLC increased its position in Trane Technologies by 19.2% during the 1st quarter. CWA Asset Management Group LLC now owns 1,135 shares of the company's stock valued at $382,000 after purchasing an additional 183 shares during the period. Ethic Inc. increased its position in shares of Trane Technologies by 150.1% during the fourth quarter. Ethic Inc. now owns 24,883 shares of the company's stock worth $9,190,000 after buying an additional 14,932 shares during the period. Proficio Capital Partners LLC increased its position in shares of Trane Technologies by 28.3% during the fourth quarter. Proficio Capital Partners LLC now owns 685 shares of the company's stock worth $253,000 after buying an additional 151 shares during the period. Brighton Jones LLC raised its stake in Trane Technologies by 60.0% during the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company's stock worth $2,288,000 after buying an additional 2,323 shares during the last quarter. Finally, Beacon Pointe Advisors LLC lifted its holdings in Trane Technologies by 1.3% in the fourth quarter. Beacon Pointe Advisors LLC now owns 8,137 shares of the company's stock valued at $3,005,000 after buying an additional 101 shares during the period. Institutional investors own 82.97% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on TT shares. UBS Group increased their price target on Trane Technologies from $470.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Robert W. Baird raised their price target on shares of Trane Technologies from $360.00 to $396.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Barclays dropped their target price on shares of Trane Technologies from $500.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. Stephens raised 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 research report on Thursday, May 1st. Finally, Royal Bank Of Canada lifted their price objective on Trane Technologies from $363.00 to $408.00 and gave the stock a "sector perform" 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 given a strong buy rating to the company. According to MarketBeat, Trane Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $427.47.

Trane Technologies Price Performance

Shares of NYSE TT traded up $1.76 during midday trading on Thursday, hitting $429.29. 1,134,978 shares of the company's stock were exchanged, compared to its average volume of 1,342,157. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $436.61. The company has a market cap of $95.74 billion, a price-to-earnings ratio of 35.71, a PEG ratio of 2.82 and a beta of 1.16. The company has a current ratio of 1.09, a quick ratio of 0.74 and a debt-to-equity ratio of 0.52. The business's fifty day moving average price is $406.39 and its two-hundred day moving average price is $377.50.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 earnings per share 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 firm had revenue of $4.69 billion for the quarter, compared to analysts' expectations of $4.46 billion. During the same quarter last year, the company posted $1.94 EPS. The business's quarterly revenue was up 11.2% on a year-over-year basis. As a group, research analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

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 given a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.76 annualized dividend and a dividend yield of 0.88%. Trane Technologies's dividend payout ratio (DPR) is presently 31.28%.

Insider Activity at Trane Technologies

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 now owns 3,593 shares in the company, valued at $1,365,340. This trade represents a 49.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is currently owned by insiders.

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.