World Investment Advisors Buys 1,189 Shares of Trane Technologies plc (NYSE:TT)

World Investment Advisors increased its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 3.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,880 shares of the company's stock after acquiring an additional 1,189 shares during the period. World Investment Advisors' holdings in Trane Technologies were worth $13,436,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Minot DeBlois Advisors LLC acquired a new stake in Trane Technologies during the fourth quarter valued at approximately $26,000. WFA Asset Management Corp increased its position in 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 purchasing an additional 50 shares during the last quarter. Vermillion & White Wealth Management Group LLC bought a new position in Trane Technologies during the fourth quarter valued at about $28,000. Opal Wealth Advisors LLC bought a new stake in shares of Trane Technologies during the 1st quarter worth about $31,000. Finally, Tradewinds Capital Management LLC lifted its holdings in Trane Technologies by 46.2% in the 1st 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 last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Trane Technologies

In other news, insider Donald E. Simmons sold 3,571 shares of the firm's stock in a transaction that occurred on 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 trade represents a 49.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.38% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TT shares. Barclays decreased their target price on Trane Technologies from $500.00 to $475.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. JPMorgan Chase & Co. increased their target price on Trane Technologies from $334.00 to $400.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. HSBC raised Trane Technologies from a "hold" rating to a "buy" rating and raised their price target for the company from $405.00 to $415.00 in a report on Friday, April 25th. Wells Fargo & Company lifted their target price on Trane Technologies from $370.00 to $410.00 and gave the company an "underweight" rating in a research note on Tuesday. Finally, 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 report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $430.13.

Trane Technologies Price Performance

NYSE:TT traded up $6.93 during trading hours on Friday, reaching $439.64. 1,182,309 shares of the company were exchanged, compared to its average volume of 1,333,309. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $438.15. The business has a 50 day moving average of $420.30 and a 200 day moving average of $379.26. 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 company has a market capitalization of $98.05 billion, a P/E ratio of 36.58, a P/E/G ratio of 2.88 and a beta of 1.15.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly 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 company had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.46 billion. Trane Technologies had a net margin of 13.47% and a return on equity of 36.10%. The firm's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the company posted $1.94 EPS. Research analysts forecast that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

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 $0.94 dividend. 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 currently 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.