Sigma Planning Corp Boosts Holdings in Trane Technologies plc (NYSE:TT)

Sigma Planning Corp increased its position in Trane Technologies plc (NYSE:TT - Free Report) by 47.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,622 shares of the company's stock after purchasing an additional 2,467 shares during the period. Sigma Planning Corp's holdings in Trane Technologies were worth $2,568,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in shares of Trane Technologies by 4.2% during the 1st quarter. Signaturefd LLC now owns 10,323 shares of the company's stock valued at $3,478,000 after acquiring an additional 420 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Trane Technologies during the 1st quarter valued at about $4,121,000. Isthmus Partners LLC boosted its holdings in shares of Trane Technologies by 0.6% during the 1st quarter. Isthmus Partners LLC now owns 45,900 shares of the company's stock valued at $15,465,000 after acquiring an additional 263 shares during the last quarter. Marks Group Wealth Management Inc purchased a new stake in shares of Trane Technologies during the 1st quarter valued at about $564,000. Finally, Reyes Financial Architecture Inc. boosted its holdings in shares of Trane Technologies by 36.2% during the 1st quarter. Reyes Financial Architecture Inc. now owns 591 shares of the company's stock valued at $199,000 after acquiring an additional 157 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

Insiders Place Their Bets

In related news, insider Donald E. Simmons sold 3,571 shares of the business'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 sale, the insider owned 3,593 shares in the company, valued at approximately $1,365,340. The trade was a 49.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.38% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Citigroup raised their price objective on shares of Trane Technologies from $445.00 to $502.00 and gave the stock a "buy" rating in a report on Monday. Royal Bank Of Canada raised their price objective on shares of Trane Technologies from $363.00 to $408.00 and gave the stock a "sector perform" rating in a report on Thursday, May 1st. 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 report on Thursday, May 1st. UBS Group raised their price objective on shares of Trane Technologies from $470.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Finally, Robert W. Baird raised their price objective on shares of Trane Technologies from $396.00 to $450.00 and gave the stock a "neutral" rating in a report on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $441.40.

Trane Technologies Price Performance

Shares of Trane Technologies stock traded down $1.68 on Friday, hitting $448.38. 671,051 shares of the company traded hands, compared to its average volume of 1,328,276. The stock has a market capitalization of $100.00 billion, a P/E ratio of 37.28, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15. 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 plc has a 52 week low of $298.15 and a 52 week high of $452.26. The business has a 50-day simple moving average of $428.78 and a 200 day simple moving average of $382.96.

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 firm had revenue of $4.69 billion for 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 company's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.94 earnings per share. Research 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 0.84%. The ex-dividend date is Friday, September 5th. Trane Technologies's dividend payout ratio is presently 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.