Universal Beteiligungs und Servicegesellschaft mbH Sells 13,166 Shares of Trane Technologies plc (NYSE:TT)

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in Trane Technologies plc (NYSE:TT - Free Report) by 3.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 385,511 shares of the company's stock after selling 13,166 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.17% of Trane Technologies worth $129,886,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TT. Y Intercept Hong Kong Ltd purchased a new position in shares of Trane Technologies during the first quarter worth about $863,000. Choreo LLC grew its holdings in shares of Trane Technologies by 0.6% during the first quarter. Choreo LLC now owns 13,121 shares of the company's stock worth $4,421,000 after purchasing an additional 74 shares in the last quarter. HighPoint Advisor Group LLC grew its holdings in shares of Trane Technologies by 2.1% during the first quarter. HighPoint Advisor Group LLC now owns 11,414 shares of the company's stock worth $4,034,000 after purchasing an additional 235 shares in the last quarter. Crestwood Advisors Group LLC grew its holdings in shares of Trane Technologies by 2.0% during the first quarter. Crestwood Advisors Group LLC now owns 27,123 shares of the company's stock worth $9,138,000 after purchasing an additional 539 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. boosted its stake in Trane Technologies by 14.0% in the first quarter. Peregrine Asset Advisers Inc. now owns 986 shares of the company's stock worth $332,000 after buying an additional 121 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TT has been the subject of a number of analyst reports. Robert W. Baird increased their price objective on Trane Technologies from $396.00 to $450.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. raised 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. Barclays raised their price target on Trane Technologies from $476.00 to $480.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Citigroup raised their price target on Trane Technologies from $445.00 to $502.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, UBS Group raised their price target on Trane Technologies from $470.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $441.40.

Trane Technologies Trading Up 0.1%

Shares of NYSE TT traded up $0.48 during trading hours on Tuesday, hitting $442.96. 299,475 shares of the company traded hands, compared to its average volume of 1,323,910. The stock has a market capitalization of $98.79 billion, a price-to-earnings ratio of 36.80, a price-to-earnings-growth ratio of 2.91 and a beta of 1.15. 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 company's 50 day moving average price is $429.64 and its 200 day moving average price is $383.66. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $451.87.

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 business had revenue of $4.69 billion during the quarter, compared to analysts' expectations of $4.46 billion. During the same period in the prior year, the business earned $1.94 EPS. The business's revenue for the quarter was up 11.2% compared to the same quarter last year. On average, equities research analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The business 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 annualized dividend and a yield of 0.85%. The ex-dividend date is Friday, September 5th. Trane Technologies's dividend payout ratio (DPR) is 31.28%.

Insider Buying and Selling

In other Trane Technologies news, insider Donald E. Simmons sold 3,571 shares of the firm's stock in a transaction that occurred on 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 sale, the insider directly owned 3,593 shares of the company's stock, valued at approximately $1,365,340. This trade represents a 49.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.38% of the stock is currently owned by company insiders.

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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