Sigma Planning Corp Has $2.57 Million Stake in Trane Technologies plc (NYSE:TT)

Sigma Planning Corp raised its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 47.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,622 shares of the company's stock after acquiring an additional 2,467 shares during the quarter. Sigma Planning Corp's holdings in Trane Technologies were worth $2,568,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC grew its position in shares of Trane Technologies by 0.8% in the fourth quarter. Quadrant Capital Group LLC now owns 3,786 shares of the company's stock valued at $1,398,000 after purchasing an additional 30 shares in the last quarter. Tradewinds Capital Management LLC grew its position in Trane Technologies by 46.2% in the first quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock worth $32,000 after acquiring an additional 30 shares during the period. Smith Group Asset Management LLC grew its position in Trane Technologies by 1.2% in the first quarter. Smith Group Asset Management LLC now owns 2,610 shares of the company's stock worth $879,000 after acquiring an additional 30 shares during the period. Foster Group Inc. grew its position in Trane Technologies by 1.2% in the first quarter. Foster Group Inc. now owns 2,833 shares of the company's stock worth $954,000 after acquiring an additional 33 shares during the period. Finally, Prosperity Consulting Group LLC grew its position in Trane Technologies by 0.6% in the fourth quarter. Prosperity Consulting Group LLC now owns 6,036 shares of the company's stock worth $2,229,000 after acquiring an additional 35 shares during the period. Institutional investors and hedge funds own 82.97% of the company's stock.

Trane Technologies Price Performance

Shares of Trane Technologies stock traded up $12.99 on Thursday, hitting $449.97. The company had a trading volume of 1,151,831 shares, compared to its average volume of 1,330,285. The company has a market cap of $100.35 billion, a PE ratio of 37.43, a PEG ratio of 2.84 and a beta of 1.15. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $451.13. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.09 and a quick ratio of 0.74. The business has a 50-day simple moving average of $427.90 and a 200-day simple moving average of $382.41.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $4.46 billion. During the same quarter last year, the business posted $1.94 EPS. The company's revenue was up 11.2% on a year-over-year basis. Research analysts expect that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently declared 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 0.84%. Trane Technologies's dividend payout ratio is 31.28%.

Wall Street Analyst Weigh In

Several research firms have recently commented on TT. Citigroup raised their price target on Trane Technologies from $445.00 to $502.00 and gave the stock a "buy" rating in a research report on Monday. HSBC upgraded Trane Technologies from a "hold" rating to a "buy" rating and raised their price target for the stock from $405.00 to $415.00 in a research report on Friday, April 25th. Robert W. Baird raised their price target on Trane Technologies from $396.00 to $450.00 and gave the stock a "neutral" rating in a research report on Thursday. Barclays raised their price target on Trane Technologies from $476.00 to $480.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Finally, Stephens upgraded Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 price objective on the stock in a research note 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 issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $441.40.

Insider Buying and Selling at Trane Technologies

In related news, insider Donald E. Simmons sold 3,571 shares of Trane Technologies stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $380.00, for a total transaction of $1,356,980.00. Following the completion of the transaction, the insider directly owned 3,593 shares of the company's stock, 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 SEC, which is available at this hyperlink. Company insiders own 0.38% of the company's stock.

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.