Trium Capital LLP Increases Stock Position in Trane Technologies plc (NYSE:TT)

Trium Capital LLP lifted its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 20.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,974 shares of the company's stock after acquiring an additional 829 shares during the quarter. Trane Technologies makes up approximately 0.2% of Trium Capital LLP's holdings, making the stock its 19th biggest holding. Trium Capital LLP's holdings in Trane Technologies were worth $1,676,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TT. WFA Asset Management Corp increased its position in Trane Technologies by 208.3% during the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company's stock valued at $25,000 after purchasing an additional 50 shares during the period. Minot DeBlois Advisors LLC purchased a new position in Trane Technologies during the 4th quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Trane Technologies in the 4th quarter valued at $28,000. Opal Wealth Advisors LLC purchased a new position in shares of Trane Technologies in the 1st quarter valued at $31,000. Finally, Tradewinds Capital Management LLC increased its holdings in shares of Trane Technologies by 46.2% in the 1st quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock valued at $32,000 after acquiring an additional 30 shares during the period. Institutional investors own 82.97% of the company's stock.

Insider Activity at Trane Technologies

In other news, insider Donald E. Simmons sold 3,571 shares of the company's stock in a transaction dated Wednesday, April 30th. The stock was 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 $1,365,340. This represents a 49.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is owned by insiders.

Analyst Ratings Changes

TT has been the topic of a number of analyst reports. Robert W. Baird lifted their price target on Trane Technologies from $360.00 to $396.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Royal Bank Of Canada lifted their price objective on shares of Trane Technologies from $363.00 to $408.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 1st. Hsbc Global Res raised shares of Trane Technologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Wells Fargo & Company lifted their price objective 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. Finally, JPMorgan Chase & Co. lifted their price objective 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. One equities research 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $434.00.

Trane Technologies Stock Performance

Trane Technologies stock traded up $0.57 during trading hours on Thursday, hitting $434.18. 1,051,158 shares of the stock traded hands, compared to its average volume of 1,334,810. 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 firm's 50 day moving average price is $425.24 and its 200-day moving average price is $380.77. The stock has a market capitalization of $96.83 billion, a price-to-earnings ratio of 36.12, a P/E/G ratio of 2.82 and a beta of 1.15. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $438.95.

Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.20 by $0.25. The business 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 revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.94 EPS. As a group, equities analysts expect that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

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 paid a $0.94 dividend. 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 0.87%. Trane Technologies's payout ratio is 31.28%.

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.