Siemens Fonds Invest GmbH Sells 3,292 Shares of Trane Technologies plc (NYSE:TT)

Siemens Fonds Invest GmbH lowered its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 75.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,100 shares of the company's stock after selling 3,292 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Trane Technologies were worth $406,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Secured Retirement Advisors LLC grew its holdings in shares of Trane Technologies by 0.6% in the fourth quarter. Secured Retirement Advisors LLC now owns 4,628 shares of the company's stock worth $1,709,000 after acquiring an additional 28 shares during the period. Catalina Capital Group LLC raised its position in Trane Technologies by 3.2% in the fourth quarter. Catalina Capital Group LLC now owns 924 shares of the company's stock worth $341,000 after acquiring an additional 29 shares during the period. Stratos Wealth Partners LTD. grew its position in shares of Trane Technologies by 0.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 5,538 shares of the company's stock valued at $2,046,000 after acquiring an additional 29 shares during the period. Kanawha Capital Management LLC raised its holdings in Trane Technologies by 0.6% in the 4th quarter. Kanawha Capital Management LLC now owns 4,712 shares of the company's stock worth $1,740,000 after purchasing an additional 29 shares during the period. Finally, Kestra Private Wealth Services LLC increased its position in Trane Technologies by 0.3% in the fourth quarter. Kestra Private Wealth Services LLC now owns 9,173 shares of the company's stock worth $3,388,000 after buying an additional 30 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

Trane Technologies Stock Down 0.1%

Shares of Trane Technologies stock traded down $0.32 during midday trading on Friday, reaching $423.94. 232,330 shares of the company's stock traded hands, compared to its average volume of 1,345,878. The company has a market cap of $94.55 billion, a price-to-earnings ratio of 37.61, a price-to-earnings-growth ratio of 2.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21. The company's 50 day simple moving average is $364.69 and its 200 day simple moving average is $374.90. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $433.60.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.25. The business had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.46 billion. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. The firm's quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.94 EPS. Equities analysts expect 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 Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.94 per share. The ex-dividend date is Friday, June 6th. This represents a $3.76 annualized dividend and a dividend yield of 0.89%. Trane Technologies's dividend payout ratio is presently 31.28%.

Analyst Ratings Changes

A number of brokerages have commented on TT. Robert W. Baird lifted their price objective on shares of Trane Technologies from $360.00 to $396.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Melius cut Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 target price on the stock. in a research note on Tuesday, January 28th. Hsbc Global Res upgraded Trane Technologies from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. UBS Group upped their target price on shares of Trane Technologies from $470.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Barclays dropped their price objective on Trane Technologies from $500.00 to $475.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. One equities research 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. According to MarketBeat, Trane Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $427.47.

Insider Buying and Selling

In other Trane Technologies news, insider Donald E. Simmons sold 3,571 shares of the firm's 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 completion of the sale, the insider now directly owns 3,593 shares in the company, valued at approximately $1,365,340. This trade represents a 49.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.38% of the stock is currently owned by company insiders.

About Trane Technologies

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.