Compagnie Lombard Odier SCmA Has $52.21 Million Stake in Trane Technologies plc (NYSE:TT)

Compagnie Lombard Odier SCmA reduced its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 8.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,963 shares of the company's stock after selling 13,400 shares during the period. Compagnie Lombard Odier SCmA owned 0.07% of Trane Technologies worth $52,210,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TT. Minot DeBlois Advisors LLC acquired a new stake in Trane Technologies in the fourth quarter valued at approximately $26,000. WFA Asset Management Corp grew its position in shares of Trane Technologies by 208.3% during the first quarter. WFA Asset Management Corp now owns 74 shares of the company's stock worth $25,000 after buying an additional 50 shares in the last quarter. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Trane Technologies in the fourth quarter worth $28,000. Flagship Wealth Advisors LLC bought a new stake in shares of Trane Technologies in the fourth quarter worth $37,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Trane Technologies in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Trane Technologies Stock Performance

Shares of NYSE TT traded down $3.47 during midday trading on Friday, reaching $420.84. 1,230,048 shares of the company traded hands, compared to its average volume of 1,346,793. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $436.61. The stock has a 50-day moving average price of $392.71 and a 200 day moving average price of $376.46. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.21 and a quick ratio of 0.88. The company has a market cap of $93.85 billion, a price-to-earnings ratio of 37.41, a PEG ratio of 2.50 and a beta of 1.16.

Trane Technologies (NYSE:TT - Get Free Report) last released 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 firm had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.46 billion. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. Trane Technologies's revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.94 earnings per share. Sell-side analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Friday, September 5th. Trane Technologies's payout ratio is currently 31.28%.

Insider Buying and Selling

In related news, insider Donald E. Simmons sold 3,571 shares of Trane Technologies 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 transaction, the insider now owns 3,593 shares of the company's stock, valued at approximately $1,365,340. This trade represents a 49.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.38% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TT. Barclays dropped their price target on shares of Trane Technologies from $500.00 to $475.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. Stephens upgraded Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 target price on the stock in a research note on Thursday, May 1st. Wells Fargo & Company raised their target price on Trane Technologies from $330.00 to $370.00 and gave the company an "underweight" rating in a research note on Thursday, May 1st. Citigroup raised their target price on Trane Technologies from $415.00 to $445.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, UBS Group raised their target price on Trane Technologies from $470.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. One 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, Trane Technologies has an average rating of "Moderate Buy" and an average target price of $427.47.

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.