Alpine Woods Capital Investors LLC Decreases Stock Holdings in Trane Technologies plc (NYSE:TT)

Alpine Woods Capital Investors LLC lowered its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 45.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,116 shares of the company's stock after selling 7,702 shares during the quarter. Alpine Woods Capital Investors LLC's holdings in Trane Technologies were worth $3,071,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TT. WFA Asset Management Corp grew its position in shares of Trane Technologies by 208.3% in the first quarter. WFA Asset Management Corp now owns 74 shares of the company's stock valued at $25,000 after purchasing an additional 50 shares in the last quarter. Minot DeBlois Advisors LLC bought a new stake in Trane Technologies during the fourth quarter valued at $26,000. Vermillion & White Wealth Management Group LLC bought a new stake in Trane Technologies during the fourth quarter valued at $28,000. Opal Wealth Advisors LLC bought a new stake in Trane Technologies during the first quarter valued at $31,000. Finally, Tradewinds Capital Management LLC boosted its stake in Trane Technologies by 46.2% during the first quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock valued at $32,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 82.97% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on TT. Hsbc Global Res raised Trane Technologies from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Robert W. Baird lifted their price target on Trane Technologies from $360.00 to $396.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Royal Bank Of Canada lifted their price target on Trane Technologies from $363.00 to $408.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. lifted their price target on Trane Technologies from $334.00 to $400.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, The Goldman Sachs Group lifted their price objective on Trane Technologies from $416.00 to $460.00 and gave the stock a "neutral" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $434.00.

Insiders Place Their Bets

In related news, insider Donald E. Simmons sold 3,571 shares of the company's stock in a transaction dated 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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is currently owned by company insiders.

Trane Technologies Trading Up 0.6%

Shares of NYSE TT traded up $2.70 during mid-day trading on Friday, reaching $437.23. The company had a trading volume of 448,745 shares, compared to its average volume of 1,331,361. The business's 50-day moving average is $425.24 and its 200-day moving average is $380.77. The company has a current ratio of 1.09, a quick ratio of 0.74 and a debt-to-equity ratio of 0.52. The stock has a market cap of $97.51 billion, a price-to-earnings ratio of 36.33, a price-to-earnings-growth ratio of 2.82 and a beta of 1.15. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $438.95.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, topping analysts' consensus estimates of $2.20 by $0.25. The firm had revenue of $4.69 billion for the quarter, compared to analysts' expectations 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 business posted $1.94 earnings per share. Equities analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Friday, September 5th. Trane Technologies's dividend payout ratio (DPR) is presently 31.28%.

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.