Trane Technologies plc (NYSE:TT) Shares Sold by Stifel Financial Corp

Stifel Financial Corp trimmed its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 1.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 169,937 shares of the company's stock after selling 2,580 shares during the quarter. Stifel Financial Corp owned approximately 0.08% of Trane Technologies worth $66,061,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in TT. Albar Capital Ltd acquired a new position in Trane Technologies during the second quarter worth $14,556,000. GDS Wealth Management boosted its stake in Trane Technologies by 4.3% during the third quarter. GDS Wealth Management now owns 51,767 shares of the company's stock worth $20,123,000 after buying an additional 2,124 shares during the last quarter. King Wealth Management Group acquired a new position in Trane Technologies during the third quarter worth $1,879,000. Gradient Investments LLC boosted its stake in Trane Technologies by 7,988.0% during the second quarter. Gradient Investments LLC now owns 2,022 shares of the company's stock worth $665,000 after buying an additional 1,997 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Trane Technologies by 95.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 64,969 shares of the company's stock worth $21,370,000 after buying an additional 31,756 shares during the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Trane Technologies Trading Down 0.5 %

Trane Technologies stock traded down $2.04 during midday trading on Friday, reaching $412.18. 952,323 shares of the stock traded hands, compared to its average volume of 1,102,031. The company has a 50-day simple moving average of $400.85 and a two-hundred day simple moving average of $362.24. Trane Technologies plc has a 12-month low of $229.07 and a 12-month high of $422.00. The firm has a market cap of $92.75 billion, a PE ratio of 38.24, a price-to-earnings-growth ratio of 2.53 and a beta of 1.03. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57.

Trane Technologies (NYSE:TT - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, beating analysts' consensus estimates of $3.23 by $0.14. The company had revenue of $5.44 billion during the quarter, compared to analysts' expectations of $5.32 billion. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. Trane Technologies's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the business posted $2.79 EPS. Research analysts expect that Trane Technologies plc will post 11.13 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Friday, December 6th. Trane Technologies's dividend payout ratio is currently 31.17%.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the stock in a transaction dated 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 sale, the senior vice president now 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.38% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on TT. The Goldman Sachs Group boosted their price objective on Trane Technologies from $364.00 to $407.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 9th. Morgan Stanley assumed coverage on Trane Technologies in a research note on Friday, September 6th. They set an "overweight" rating and a $425.00 price objective on the stock. Hsbc Global Res cut Trane Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 31st. Mizuho increased their price target on Trane Technologies from $325.00 to $400.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Finally, Barclays increased their price target on Trane Technologies from $440.00 to $500.00 and gave the stock an "overweight" rating in a report on Thursday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $401.93.

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.