Vise Technologies Inc. Purchases 1,495 Shares of Trane Technologies plc (NYSE:TT)

Vise Technologies Inc. raised its stake in Trane Technologies plc (NYSE:TT - Free Report) by 157.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,446 shares of the company's stock after purchasing an additional 1,495 shares during the period. Vise Technologies Inc.'s holdings in Trane Technologies were worth $904,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TT. Minot DeBlois Advisors LLC bought a new stake in Trane Technologies in the 4th quarter valued at $26,000. Vermillion & White Wealth Management Group LLC bought a new stake in Trane Technologies in the 4th quarter valued at $28,000. Sound Income Strategies LLC boosted its holdings in Trane Technologies by 1,314.3% in the 4th quarter. Sound Income Strategies LLC now owns 99 shares of the company's stock valued at $37,000 after purchasing an additional 92 shares during the period. Flagship Wealth Advisors LLC bought a new stake in Trane Technologies in the 4th quarter valued at $37,000. Finally, Golden State Wealth Management LLC bought a new stake in Trane Technologies in the 4th quarter valued at $39,000. 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 firm's stock in a transaction dated 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 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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.38% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TT. HSBC upgraded 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 note on Friday, April 25th. UBS Group increased their price objective on shares of Trane Technologies from $470.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Wells Fargo & Company increased their price objective on shares of Trane Technologies from $330.00 to $370.00 and gave the company an "underweight" rating in a research note on Thursday, May 1st. Stephens upgraded shares of Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 price objective for the company in a research note on Thursday, May 1st. Finally, Hsbc Global Res upgraded shares of Trane Technologies from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $427.47.

Trane Technologies Price Performance

TT traded down $2.92 during midday trading on Friday, hitting $429.37. The company had a trading volume of 342,689 shares, compared to its average volume of 1,349,315. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21. The company has a market capitalization of $95.76 billion, a PE ratio of 38.13, a P/E/G ratio of 2.50 and a beta of 1.14. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $436.61. The firm's 50-day simple moving average is $372.67 and its 200-day simple moving average is $375.90.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.25. The firm had revenue of $4.69 billion during the quarter, compared to analysts' expectations of $4.46 billion. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. The company's quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.94 EPS. Equities research analysts predict that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Friday, June 6th. Trane Technologies's dividend payout ratio (DPR) is presently 31.28%.

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.