Pathstone Holdings LLC Has $13.78 Million Stock Position in Trane Technologies plc (NYSE:TT)

Pathstone Holdings LLC reduced its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 10.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,298 shares of the company's stock after selling 4,510 shares during the quarter. Pathstone Holdings LLC's holdings in Trane Technologies were worth $13,775,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. AdvisorNet Financial Inc boosted its stake in shares of Trane Technologies by 7.0% in the fourth quarter. AdvisorNet Financial Inc now owns 769 shares of the company's stock valued at $284,000 after purchasing an additional 50 shares during the period. Oak Thistle LLC purchased a new position in Trane Technologies in the 4th quarter valued at about $489,000. Park Avenue Securities LLC grew its stake in shares of Trane Technologies by 17.9% during the fourth quarter. Park Avenue Securities LLC now owns 17,891 shares of the company's stock valued at $6,608,000 after acquiring an additional 2,720 shares in the last quarter. ERn Financial LLC increased its position in shares of Trane Technologies by 3.5% during the fourth quarter. ERn Financial LLC now owns 1,907 shares of the company's stock worth $704,000 after acquiring an additional 65 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its stake in shares of Trane Technologies by 5.8% in the fourth quarter. Ritholtz Wealth Management now owns 1,297 shares of the company's stock worth $479,000 after acquiring an additional 71 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TT has been the topic of several analyst reports. Melius downgraded Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price objective on the stock. in a report on Tuesday, January 28th. Hsbc Global Res raised shares of Trane Technologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Robert W. Baird upped their price target on shares of Trane Technologies from $360.00 to $396.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of Trane Technologies from $334.00 to $400.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, Barclays dropped their target price on shares of Trane Technologies from $500.00 to $475.00 and set an "overweight" rating for the company in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Trane Technologies has an average rating of "Moderate Buy" and a consensus target price of $425.47.

Trane Technologies Stock Performance

Shares of Trane Technologies stock traded up $2.32 on Wednesday, reaching $432.12. 421,139 shares of the company were exchanged, compared to its average volume of 1,343,842. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $433.49. The firm has a market cap of $96.37 billion, a price-to-earnings ratio of 38.42, a P/E/G ratio of 2.50 and a beta of 1.14. 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's 50-day moving average is $361.71 and its two-hundred day moving average is $374.22.

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

Trane Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Friday, June 6th. Trane Technologies's dividend payout ratio (DPR) is 31.28%.

Insider Activity at Trane Technologies

In other news, insider Donald E. Simmons sold 3,571 shares of the business's stock in a transaction 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 now owns 3,593 shares of the company's stock, valued at approximately $1,365,340. The trade was a 49.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.38% of the stock is owned by insiders.

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.