4,564 Shares in Trane Technologies plc (NYSE:TT) Acquired by TFR Capital LLC.

TFR Capital LLC. bought a new position in Trane Technologies plc (NYSE:TT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,564 shares of the company's stock, valued at approximately $1,538,000.

Other large investors have also modified their holdings of the company. Brighton Jones LLC lifted its position in shares of Trane Technologies by 60.0% during the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company's stock worth $2,288,000 after purchasing an additional 2,323 shares during the last quarter. Proficio Capital Partners LLC boosted its position in Trane Technologies by 28.3% during the 4th quarter. Proficio Capital Partners LLC now owns 685 shares of the company's stock valued at $253,000 after purchasing an additional 151 shares during the period. Sequoia Financial Advisors LLC lifted its stake in Trane Technologies by 9.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 5,477 shares of the company's stock valued at $2,023,000 after buying an additional 454 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Trane Technologies by 2,277.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,618 shares of the company's stock worth $12,786,000 after acquiring an additional 33,162 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in Trane Technologies by 4.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 71,622 shares of the company's stock worth $26,454,000 after purchasing an additional 3,332 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Insider Buying and Selling at Trane Technologies

In other news, insider Donald E. Simmons sold 3,571 shares of the company's stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $380.00, for a total transaction of $1,356,980.00. Following the transaction, the insider owned 3,593 shares of the company's stock, valued at $1,365,340. This represents a 49.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.38% of the stock is currently owned by corporate insiders.

Trane Technologies Stock Up 0.7%

TT stock traded up $2.86 during trading hours on Friday, hitting $437.39. The company's stock had a trading volume of 944,543 shares, compared to its average volume of 1,335,774. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $438.95. The company has a quick ratio of 0.74, a current ratio of 1.09 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average price of $425.99 and a two-hundred day moving average price of $381.18. The company has a market capitalization of $97.55 billion, a PE ratio of 36.39, a price-to-earnings-growth ratio of 2.85 and a beta of 1.15.

Trane Technologies (NYSE:TT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.20 by $0.25. The firm 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 13.47% and a return on equity of 36.10%. The business's quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.94 EPS. On average, equities research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.86%. Trane Technologies's payout ratio is 31.28%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Citigroup boosted their price target on Trane Technologies from $415.00 to $445.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. HSBC raised Trane Technologies from a "hold" rating to a "buy" rating and boosted their target price for the stock from $405.00 to $415.00 in a report on Friday, April 25th. Barclays lifted their target price on Trane Technologies from $476.00 to $480.00 and gave the stock an "overweight" rating in a report on Wednesday. UBS Group raised their price objective on shares of Trane Technologies from $470.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company lifted their price target on shares of Trane Technologies from $370.00 to $410.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 1st. 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 given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $434.00.

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.