Sagespring Wealth Partners LLC Has $3.10 Million Holdings in Trane Technologies plc (NYSE:TT)

Sagespring Wealth Partners LLC boosted its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 10.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,193 shares of the company's stock after buying an additional 906 shares during the quarter. Sagespring Wealth Partners LLC's holdings in Trane Technologies were worth $3,097,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of 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 buying an additional 50 shares in the last quarter. Minot DeBlois Advisors LLC acquired a new stake in shares of Trane Technologies during the fourth quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Trane Technologies during the fourth quarter valued at about $28,000. Opal Wealth Advisors LLC acquired a new stake in shares of Trane Technologies during the first quarter valued at about $31,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in shares of Trane Technologies during the fourth quarter valued at about $37,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Trading Down 0.8%

Shares of TT stock opened at $420.84 on Monday. The company has a market cap of $93.85 billion, a P/E ratio of 37.41, a PEG ratio of 2.50 and a beta of 1.16. The stock has a 50 day simple moving average of $392.71 and a two-hundred day simple moving average of $376.46. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $436.61.

Trane Technologies (NYSE:TT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $2.45 earnings per share for the quarter, topping analysts' consensus estimates of $2.20 by $0.25. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.46 billion. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. The firm's revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.94 earnings per share. 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. Shareholders of record on Friday, September 5th will be paid a $0.94 dividend. The ex-dividend date is Friday, September 5th. This represents a $3.76 dividend on an annualized basis and a yield of 0.89%. Trane Technologies's dividend payout ratio (DPR) is presently 31.28%.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, insider Donald E. Simmons sold 3,571 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The stock was 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 now owns 3,593 shares of the company's stock, valued at approximately $1,365,340. This trade represents a 49.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.38% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on TT shares. Stephens raised Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 price target on the stock in a research note on Thursday, May 1st. Citigroup lifted their price target on Trane Technologies from $415.00 to $445.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. UBS Group lifted their price target on Trane Technologies from $470.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. HSBC raised Trane Technologies from a "hold" rating to a "buy" rating and lifted their price target for the company from $405.00 to $415.00 in a research note on Friday, April 25th. 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 given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $427.47.

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.

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