Trane Technologies plc (NYSE:TT) Shares Sold by Blue Trust Inc.

Blue Trust Inc. decreased its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 31.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,663 shares of the company's stock after selling 1,207 shares during the quarter. Blue Trust Inc.'s holdings in Trane Technologies were worth $983,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Trust Point Inc. lifted its stake in shares of Trane Technologies by 3.1% in the 3rd quarter. Trust Point Inc. now owns 897 shares of the company's stock valued at $349,000 after purchasing an additional 27 shares during the last quarter. Cobblestone Capital Advisors LLC NY lifted its stake in shares of Trane Technologies by 1.8% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 1,490 shares of the company's stock valued at $579,000 after purchasing an additional 27 shares during the last quarter. Wescott Financial Advisory Group LLC lifted its stake in shares of Trane Technologies by 1.7% in the 3rd quarter. Wescott Financial Advisory Group LLC now owns 1,723 shares of the company's stock valued at $670,000 after purchasing an additional 28 shares during the last quarter. Greenleaf Trust lifted its stake in shares of Trane Technologies by 0.5% in the 3rd quarter. Greenleaf Trust now owns 5,852 shares of the company's stock valued at $2,275,000 after purchasing an additional 29 shares during the last quarter. Finally, First Citizens Financial Corp lifted its stake in shares of Trane Technologies by 4.6% in the 4th quarter. First Citizens Financial Corp now owns 656 shares of the company's stock valued at $242,000 after purchasing an additional 29 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on TT. Northcoast Research began coverage on Trane Technologies in a research note on Friday, November 22nd. They set a "buy" rating and a $500.00 target price on the stock. Wells Fargo & Company decreased their target price on Trane Technologies from $380.00 to $360.00 and set an "underweight" rating on the stock in a research note on Friday, January 31st. Citigroup decreased their target price on Trane Technologies from $478.00 to $476.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Barclays increased their target price on Trane Technologies from $440.00 to $500.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Finally, Melius Research reaffirmed a "hold" rating and issued a $398.00 price target on shares of Trane Technologies in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Trane Technologies presently has a consensus rating of "Hold" and an average price target of $415.25.

Insiders Place Their Bets

In other news, SVP Mairead Magner sold 4,329 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total value of $1,800,864.00. Following the completion of the sale, the senior vice president now directly owns 12,893 shares of the company's stock, valued at $5,363,488. This trade represents a 25.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Evan M. Turtz sold 318 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $358.12, for a total value of $113,882.16. Following the completion of the sale, the senior vice president now directly owns 20,513 shares of the company's stock, valued at $7,346,115.56. This represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,563 shares of company stock valued at $4,388,966. 0.38% of the stock is owned by company insiders.

Trane Technologies Stock Performance

Trane Technologies stock traded up $7.13 during mid-day trading on Wednesday, reaching $370.04. 1,473,186 shares of the company were exchanged, compared to its average volume of 1,506,284. Trane Technologies plc has a twelve month low of $270.50 and a twelve month high of $422.00. The firm's 50-day simple moving average is $376.98 and its two-hundred day simple moving average is $379.31. 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 firm has a market cap of $83.00 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.61 earnings per share for the quarter, topping analysts' consensus estimates of $2.52 by $0.09. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. Equities analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 1.02%. This is a boost from Trane Technologies's previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Friday, March 7th. Trane Technologies's dividend payout ratio (DPR) is presently 29.87%.

Trane Technologies 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.