World Equity Group Inc. Sells 674 Shares of Trane Technologies plc (NYSE:TT)

World Equity Group Inc. decreased its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 52.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 606 shares of the company's stock after selling 674 shares during the period. World Equity Group Inc.'s holdings in Trane Technologies were worth $204,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Quadrant Capital Group LLC increased its position in Trane Technologies by 0.8% during the fourth quarter. Quadrant Capital Group LLC now owns 3,786 shares of the company's stock worth $1,398,000 after buying an additional 30 shares in the last quarter. Tortoise Investment Management LLC lifted its position in Trane Technologies by 6.5% during the fourth quarter. Tortoise Investment Management LLC now owns 537 shares of the company's stock worth $198,000 after buying an additional 33 shares during the period. Foster Group Inc. increased its stake in shares of Trane Technologies by 1.2% during the 1st quarter. Foster Group Inc. now owns 2,833 shares of the company's stock valued at $954,000 after acquiring an additional 33 shares during the last quarter. Prosperity Consulting Group LLC boosted its holdings in shares of Trane Technologies by 0.6% in the 4th quarter. Prosperity Consulting Group LLC now owns 6,036 shares of the company's stock valued at $2,229,000 after purchasing an additional 35 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in shares of Trane Technologies by 1.6% in the 4th quarter. Integrated Wealth Concepts LLC now owns 2,444 shares of the company's stock worth $903,000 after buying an additional 38 shares during the period. Hedge funds and other institutional investors own 82.97% of the company's stock.

Insiders Place Their Bets

In other Trane Technologies news, insider Donald E. Simmons sold 3,571 shares of the 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 of the company's stock, valued at $1,365,340. This represents a 49.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.38% of the company's stock.

Trane Technologies Stock Performance

Shares of TT traded up $2.21 during midday trading on Tuesday, hitting $429.13. 760,190 shares of the stock traded hands, compared to its average volume of 1,343,373. 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 1-year low of $298.15 and a 1-year high of $436.61. The business's 50 day moving average price is $404.43 and its two-hundred day moving average price is $377.15. The firm has a market capitalization of $95.70 billion, a PE ratio of 35.70, a price-to-earnings-growth ratio of 2.81 and a beta of 1.16.

Trane Technologies (NYSE:TT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.20 by $0.25. Trane Technologies had a return on equity of 36.10% and a net margin of 13.47%. The firm had revenue of $4.69 billion for the quarter, compared to analysts' expectations of $4.46 billion. During the same period last year, the firm earned $1.94 EPS. The firm's revenue was up 11.2% compared to the same quarter last year. Equities research analysts predict that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently disclosed 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 is Friday, September 5th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.88%. Trane Technologies's dividend payout ratio (DPR) is presently 31.28%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Citigroup boosted their target price on Trane Technologies from $415.00 to $445.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. UBS Group boosted their price objective on Trane Technologies from $470.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Stephens upgraded 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 research note on Thursday, May 1st. Royal Bank Of Canada upped their price objective on shares of Trane Technologies from $363.00 to $408.00 and gave the company a "sector perform" rating in a research report on Thursday, May 1st. Finally, Barclays dropped their target price on Trane Technologies from $500.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Trane Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $427.47.

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.