Anchor Capital Advisors LLC Lowers Holdings in Trane Technologies plc (NYSE:TT)

Anchor Capital Advisors LLC cut its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 247,268 shares of the company's stock after selling 15,071 shares during the period. Trane Technologies makes up 1.6% of Anchor Capital Advisors LLC's portfolio, making the stock its 18th biggest position. Anchor Capital Advisors LLC owned about 0.11% of Trane Technologies worth $60,309,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. BKM Wealth Management LLC bought a new position in Trane Technologies during the fourth quarter valued at approximately $25,000. Venturi Wealth Management LLC lifted its position in shares of Trane Technologies by 139.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 151 shares of the company's stock worth $31,000 after purchasing an additional 88 shares during the period. Ancora Advisors LLC bought a new stake in Trane Technologies during the 3rd quarter valued at $40,000. Rosenberg Matthew Hamilton raised its holdings in Trane Technologies by 27.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 192 shares of the company's stock worth $47,000 after purchasing an additional 41 shares in the last quarter. Finally, Operose Advisors LLC bought a new position in shares of Trane Technologies during the 3rd quarter worth approximately $53,000. 82.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on TT. Stephens boosted their target price on shares of Trane Technologies from $235.00 to $280.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 6th. Barclays upped their price objective on shares of Trane Technologies from $286.00 to $325.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. Citigroup boosted their price objective on Trane Technologies from $309.00 to $355.00 and gave the stock a "buy" rating in a research note on Monday, April 8th. Royal Bank of Canada upped their price objective on shares of Trane Technologies from $231.00 to $246.00 and gave the company a "sector perform" rating in a report on Friday, February 2nd. Finally, The Goldman Sachs Group lifted their target price on Trane Technologies from $253.00 to $287.00 and gave the company a "neutral" rating in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $251.83.

Trane Technologies Trading Down 1.2 %

Shares of TT stock traded down $3.67 during trading hours on Monday, hitting $300.86. 1,878,020 shares of the company were exchanged, compared to its average volume of 1,010,172. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 0.57. The firm has a market cap of $68.32 billion, a PE ratio of 34.23, a PEG ratio of 2.57 and a beta of 1.05. Trane Technologies plc has a 1 year low of $162.04 and a 1 year high of $307.95. The firm has a fifty day moving average of $292.79 and a 200 day moving average of $255.54.

Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.04. Trane Technologies had a return on equity of 32.01% and a net margin of 11.45%. The firm had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.43 billion. During the same period in the prior year, the firm earned $1.82 EPS. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. Analysts expect that Trane Technologies plc will post 10.2 earnings per share for the current year.

Trane Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.84 per share. The ex-dividend date is Thursday, June 6th. This represents a $3.36 annualized dividend and a yield of 1.12%. Trane Technologies's payout ratio is 38.23%.

Insider Buying and Selling

In related news, CEO David S. Regnery sold 6,990 shares of Trane Technologies stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $286.19, for a total transaction of $2,000,468.10. Following the sale, the chief executive officer now directly owns 113,874 shares in the company, valued at $32,589,600.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Christopher J. Kuehn sold 2,767 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $268.31, for a total transaction of $742,413.77. Following the completion of the sale, the chief financial officer now directly owns 54,788 shares in the company, valued at $14,700,168.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO David S. Regnery sold 6,990 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $286.19, for a total value of $2,000,468.10. Following the completion of the transaction, the chief executive officer now owns 113,874 shares in the company, valued at approximately $32,589,600.06. The disclosure for this sale can be found here. Insiders have sold a total of 29,874 shares of company stock worth $8,462,825 over the last quarter. 0.39% of the stock is owned by company insiders.

Trane Technologies Company 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.