Trane Technologies plc (NYSE:TT) Stock Position Lowered by Xponance Inc.

Xponance Inc. lessened its position in Trane Technologies plc (NYSE:TT - Free Report) by 1.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,606 shares of the company's stock after selling 572 shares during the period. Xponance Inc.'s holdings in Trane Technologies were worth $14,018,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TT. WFA Asset Management Corp raised 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 purchasing an additional 50 shares during the period. Minot DeBlois Advisors LLC acquired a new stake in shares of Trane Technologies during the fourth quarter worth $26,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Trane Technologies during the fourth quarter worth $28,000. Opal Wealth Advisors LLC acquired a new stake in shares of Trane Technologies during the first quarter worth $31,000. Finally, Tradewinds Capital Management LLC raised its position 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 worth $32,000 after purchasing an additional 30 shares during the period. Institutional investors own 82.97% of the company's stock.

Trane Technologies Stock Performance

Shares of TT stock opened at $437.39 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.09 and a quick ratio of 0.74. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $438.95. The stock's 50-day moving average is $425.99 and its two-hundred day moving average is $381.17. The firm has a market cap of $97.55 billion, a P/E ratio of 36.39, a PEG ratio of 2.83 and a beta of 1.15.

Trane Technologies (NYSE:TT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.25. Trane Technologies had a return on equity of 36.10% and a net margin of 13.47%. The company had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same period in the prior year, the firm posted $1.94 EPS. The business's revenue was up 11.2% compared to the same quarter last year. Analysts predict that Trane Technologies plc will post 12.83 earnings per share 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. Stockholders 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 dividend yield of 0.86%. The ex-dividend date is Friday, September 5th. Trane Technologies's dividend payout ratio is 31.28%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TT. Stephens raised Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 target price on the stock in a research report on Thursday, May 1st. JPMorgan Chase & Co. boosted their target price on Trane Technologies from $334.00 to $400.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Hsbc Global Res raised Trane Technologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Robert W. Baird upped their price target on Trane Technologies from $360.00 to $396.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Finally, Royal Bank Of Canada upped their price target on Trane Technologies from $363.00 to $408.00 and gave the company a "sector perform" rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Trane Technologies currently has an average rating of "Moderate Buy" and an average target price of $434.00.

Insider Activity at Trane Technologies

In other news, insider Donald E. Simmons sold 3,571 shares of the stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $380.00, for a total transaction of $1,356,980.00. Following the transaction, the insider owned 3,593 shares of the company's stock, valued at approximately $1,365,340. This represents a 49.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.38% of the company's stock.

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.

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