Vontobel Holding Ltd. Sells 13,382 Shares of Trane Technologies plc (NYSE:TT)

Vontobel Holding Ltd. cut its stake in Trane Technologies plc (NYSE:TT - Free Report) by 6.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 181,773 shares of the company's stock after selling 13,382 shares during the period. Vontobel Holding Ltd. owned 0.08% of Trane Technologies worth $61,243,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. WFA Asset Management Corp grew its position in shares of Trane Technologies by 208.3% in the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company's stock worth $25,000 after buying an additional 50 shares during the period. Minot DeBlois Advisors LLC bought a new stake in Trane Technologies during the fourth quarter worth about $26,000. Vermillion & White Wealth Management Group LLC purchased a new stake in Trane Technologies in the fourth quarter worth about $28,000. Opal Wealth Advisors LLC bought a new position in shares of Trane Technologies during the first quarter valued at approximately $31,000. Finally, Tradewinds Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 30 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Insider Activity

In other 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 transaction of $1,356,980.00. Following the completion of the sale, the insider owned 3,593 shares of the company's stock, valued at $1,365,340. This represents a 49.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Stephens upgraded Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 price target on the stock in a research note on Thursday, May 1st. Wells Fargo & Company increased their target price on Trane Technologies from $370.00 to $410.00 and gave the stock an "underweight" rating in a research note on Tuesday. Robert W. Baird raised 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. UBS Group upped their price target on shares of Trane Technologies from $470.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Finally, HSBC raised shares of Trane Technologies from a "hold" rating to a "buy" rating and increased their price objective for the company from $405.00 to $415.00 in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Trane Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $430.13.

Trane Technologies Stock Performance

Shares of TT stock traded up $6.93 during trading hours on Friday, reaching $439.64. The company had a trading volume of 1,182,309 shares, compared to its average volume of 1,333,717. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.74 and a current ratio of 1.09. The business has a fifty day moving average price of $420.30 and a 200-day moving average price of $379.26. Trane Technologies plc has a one year low of $298.15 and a one year high of $438.15. The firm has a market cap of $98.05 billion, a PE ratio of 36.58, a price-to-earnings-growth ratio of 2.88 and a beta of 1.15.

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

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a $0.94 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.76 annualized dividend and a yield of 0.86%. Trane Technologies's payout ratio is 31.28%.

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.