Trane Technologies plc (NYSE:TT) Shares Sold by Leavell Investment Management Inc.

Leavell Investment Management Inc. reduced its position in Trane Technologies plc (NYSE:TT - Free Report) by 13.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,367 shares of the company's stock after selling 1,250 shares during the period. Leavell Investment Management Inc.'s holdings in Trane Technologies were worth $2,819,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quotient Wealth Partners LLC boosted its position in Trane Technologies by 4.0% in the 1st quarter. Quotient Wealth Partners LLC now owns 1,210 shares of the company's stock valued at $408,000 after buying an additional 47 shares during the last quarter. Axxcess Wealth Management LLC boosted its position in Trane Technologies by 74.4% in the 1st quarter. Axxcess Wealth Management LLC now owns 2,520 shares of the company's stock valued at $849,000 after buying an additional 1,075 shares during the last quarter. Rehmann Capital Advisory Group lifted its position in shares of Trane Technologies by 15.0% during the first quarter. Rehmann Capital Advisory Group now owns 1,253 shares of the company's stock worth $422,000 after purchasing an additional 163 shares during the last quarter. Regents Gate Capital LLP lifted its position in shares of Trane Technologies by 11.2% during the first quarter. Regents Gate Capital LLP now owns 30,520 shares of the company's stock worth $10,283,000 after purchasing an additional 3,078 shares during the last quarter. Finally, Trium Capital LLP lifted its position in shares of Trane Technologies by 20.0% during the first quarter. Trium Capital LLP now owns 4,974 shares of the company's stock worth $1,676,000 after purchasing an additional 829 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Trane Technologies Price Performance

NYSE TT opened at $434.18 on Friday. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $438.95. 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 has a market capitalization of $96.83 billion, a PE ratio of 36.12, a P/E/G ratio of 2.82 and a beta of 1.15. The company's 50 day simple moving average is $425.24 and its 200 day simple moving average is $380.77.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, beating analysts' consensus estimates of $2.20 by $0.25. Trane Technologies had a net margin of 13.47% and a return on equity of 36.10%. The business had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same quarter last year, the business earned $1.94 earnings per share. The business's revenue for the quarter was up 11.2% on a year-over-year basis. As a group, equities research analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The business 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 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 0.87%. Trane Technologies's dividend payout ratio is presently 31.28%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wells Fargo & Company increased 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. Stephens raised shares of Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 price target on the stock in a research report on Thursday, May 1st. Robert W. Baird increased their price target on shares of Trane Technologies from $360.00 to $396.00 and gave the stock a "neutral" 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. Finally, JPMorgan Chase & Co. increased their price target 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 analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $434.00.

Insider Transactions at Trane Technologies

In other Trane Technologies news, insider Donald E. Simmons sold 3,571 shares of Trane Technologies stock in a transaction that occurred 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 transaction, the insider owned 3,593 shares in the company, valued at approximately $1,365,340. The trade was a 49.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.38% of the company's stock.

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.

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