ST Germain D J Co. Inc. Sells 862 Shares of Trane Technologies plc (NYSE:TT)

ST Germain D J Co. Inc. lowered its position in Trane Technologies plc (NYSE:TT - Free Report) by 21.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,191 shares of the company's stock after selling 862 shares during the period. ST Germain D J Co. Inc.'s holdings in Trane Technologies were worth $1,075,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Longboard Asset Management LP bought a new stake in Trane Technologies during the 4th quarter worth about $257,000. Consolidated Planning Corp raised its holdings in Trane Technologies by 8.3% in the 4th quarter. Consolidated Planning Corp now owns 14,252 shares of the company's stock valued at $5,264,000 after acquiring an additional 1,091 shares during the period. Van ECK Associates Corp lifted its position in Trane Technologies by 4.9% during the fourth quarter. Van ECK Associates Corp now owns 52,058 shares of the company's stock worth $19,228,000 after acquiring an additional 2,438 shares during the last quarter. Ethic Inc. lifted its position in 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 acquiring an additional 14,932 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its holdings in shares of Trane Technologies by 470.9% during the fourth quarter. AustralianSuper Pty Ltd now owns 179,794 shares of the company's stock worth $66,407,000 after acquiring an additional 148,302 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

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 that occurred on 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 now owns 3,593 shares in the company, valued at approximately $1,365,340. This trade represents a 49.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.38% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TT shares. HSBC raised Trane Technologies from a "hold" rating to a "buy" rating and lifted their price target for the stock from $405.00 to $415.00 in a report on Friday, April 25th. Robert W. Baird lifted their target price on Trane Technologies from $360.00 to $396.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Citigroup boosted their target price on shares of Trane Technologies from $415.00 to $445.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. raised their price target on shares of Trane Technologies from $334.00 to $400.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, UBS Group upped their target price on Trane Technologies from $470.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. 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 company. According to data from MarketBeat, Trane Technologies has a consensus rating of "Moderate Buy" and an average target price of $427.47.

Trane Technologies Price Performance

Shares of NYSE:TT traded down $1.59 during trading on Thursday, hitting $431.03. 796,291 shares of the company were exchanged, compared to its average volume of 1,350,186. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $436.61. The company has a market capitalization of $96.13 billion, a P/E ratio of 38.31, a price-to-earnings-growth ratio of 2.50 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58. The business's 50 day moving average is $379.31 and its 200-day moving average is $376.47.

Trane Technologies (NYSE:TT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $2.45 earnings per share (EPS) 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 analysts' expectations of $4.46 billion. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. The business's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.94 EPS. Equities analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 0.87%. 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.