Trillium Asset Management LLC Sells 27,948 Shares of Trane Technologies plc (NYSE:TT)

Trillium Asset Management LLC lessened its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 14.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 159,517 shares of the company's stock after selling 27,948 shares during the period. Trane Technologies makes up approximately 1.1% of Trillium Asset Management LLC's holdings, making the stock its 29th largest position. Trillium Asset Management LLC owned 0.07% of Trane Technologies worth $38,906,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP increased its stake in Trane Technologies by 36.4% during the third quarter. Wellington Management Group LLP now owns 1,639,058 shares of the company's stock valued at $332,581,000 after acquiring an additional 436,997 shares during the period. Locust Wood Capital Advisers LLC bought a new position in Trane Technologies during the fourth quarter valued at about $1,537,000. Westpac Banking Corp increased its stake in Trane Technologies by 8.0% during the fourth quarter. Westpac Banking Corp now owns 31,626 shares of the company's stock valued at $7,714,000 after acquiring an additional 2,347 shares during the period. Xponance Inc. increased its stake in Trane Technologies by 18.6% during the fourth quarter. Xponance Inc. now owns 43,825 shares of the company's stock valued at $10,689,000 after acquiring an additional 6,869 shares during the period. Finally, CHICAGO TRUST Co NA grew its stake in shares of Trane Technologies by 2.1% in the 4th quarter. CHICAGO TRUST Co NA now owns 3,136 shares of the company's stock valued at $765,000 after purchasing an additional 64 shares during the period. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

TT has been the topic of several analyst reports. Mizuho upped their price objective on Trane Technologies from $280.00 to $325.00 and gave the company a "neutral" rating in a research note on Wednesday, May 1st. TD Cowen upped their price objective on Trane Technologies from $325.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, May 1st. Wells Fargo & Company upped their price objective on Trane Technologies from $281.00 to $295.00 and gave the company an "underweight" rating in a research note on Thursday, May 2nd. Barclays upped their price objective on Trane Technologies from $286.00 to $325.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. Finally, Stephens increased their price target on Trane Technologies from $310.00 to $320.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $300.54.

Trane Technologies Stock Performance

NYSE:TT traded up $3.92 during mid-day trading on Friday, hitting $328.64. The stock had a trading volume of 908,441 shares, compared to its average volume of 1,077,201. Trane Technologies plc has a twelve month low of $162.04 and a twelve month high of $335.28. The stock has a market cap of $74.39 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.58 and a beta of 1.01. The company's 50 day simple moving average is $304.55 and its 200 day simple moving average is $267.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.74 and a current ratio of 1.13.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.30. The firm had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $3.99 billion. Trane Technologies had a net margin of 11.81% and a return on equity of 32.78%. The business's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period last year, the business posted $1.41 earnings per share. On average, equities research analysts forecast that Trane Technologies plc will post 10.48 earnings per share for the current year.

Trane Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.36 annualized dividend and a yield of 1.02%. Trane Technologies's dividend payout ratio (DPR) is presently 35.90%.

Insiders Place Their Bets

In other news, SVP Evan M. Turtz sold 2,821 shares of Trane Technologies stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $288.33, for a total value of $813,378.93. Following the completion of the sale, the senior vice president now directly owns 20,729 shares in the company, valued at $5,976,792.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, SVP Evan M. Turtz sold 2,821 shares of Trane Technologies stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $288.33, for a total value of $813,378.93. Following the completion of the sale, the senior vice president now directly owns 20,729 shares in the company, valued at $5,976,792.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Donald E. Simmons sold 3,763 shares of Trane Technologies stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $288.31, for a total transaction of $1,084,910.53. Following the completion of the sale, the insider now owns 3,388 shares of the company's stock, valued at $976,794.28. The disclosure for this sale can be found here. Insiders sold 22,979 shares of company stock worth $6,603,372 over the last three months. Insiders own 0.39% 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.