Vontobel Holding Ltd. Sells 33,075 Shares of Trane Technologies plc (NYSE:TT)

Vontobel Holding Ltd. trimmed its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 14.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 195,155 shares of the company's stock after selling 33,075 shares during the period. Vontobel Holding Ltd. owned approximately 0.09% of Trane Technologies worth $72,080,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TT. Global Wealth Strategies & Associates bought a new position in Trane Technologies during the 4th quarter valued at $26,000. MidAtlantic Capital Management Inc. bought a new position in Trane Technologies during the 3rd quarter valued at $27,000. DT Investment Partners LLC bought a new position in Trane Technologies during the 3rd quarter valued at $36,000. Sound Income Strategies LLC boosted its stake in Trane Technologies by 1,314.3% during the 4th quarter. Sound Income Strategies LLC now owns 99 shares of the company's stock valued at $37,000 after acquiring an additional 92 shares during the last quarter. Finally, Pittenger & Anderson Inc. bought a new position in shares of Trane Technologies in the 3rd quarter worth about $39,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Trading Down 0.2 %

Shares of Trane Technologies stock traded down $0.72 during trading on Tuesday, hitting $362.54. The stock had a trading volume of 1,319,251 shares, compared to its average volume of 1,507,373. The stock has a 50 day simple moving average of $376.98 and a 200 day simple moving average of $379.31. The company has a market capitalization of $81.58 billion, a PE ratio of 32.23, a P/E/G ratio of 2.44 and a beta of 1.05. The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 0.58. Trane Technologies plc has a 1 year low of $270.50 and a 1 year high of $422.00.

Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.61 EPS for the quarter, beating analysts' consensus estimates of $2.52 by $0.09. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. On average, research analysts expect that Trane Technologies plc will post 12.83 EPS 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. Investors of record on Friday, March 7th will be given a dividend of $0.94 per share. The ex-dividend date is Friday, March 7th. This is an increase from Trane Technologies's previous quarterly dividend of $0.84. This represents a $3.76 dividend on an annualized basis and a yield of 1.04%. Trane Technologies's payout ratio is presently 29.87%.

Analyst Ratings Changes

A number of research firms have recently issued reports on TT. UBS Group reduced their price target on shares of Trane Technologies from $500.00 to $470.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Barclays raised their price target on shares of Trane Technologies from $440.00 to $500.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. raised their price target on shares of Trane Technologies from $387.00 to $396.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Royal Bank of Canada raised their price target on shares of Trane Technologies from $390.00 to $395.00 and gave the stock a "sector perform" rating in a research report on Friday, January 3rd. Finally, Wells Fargo & Company reduced their price target on shares of Trane Technologies from $380.00 to $360.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $415.25.

Insiders Place Their Bets

In other Trane Technologies news, SVP Evan M. Turtz sold 318 shares of the business'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. The trade was a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO David S. Regnery sold 2,754 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $357.34, for a total transaction of $984,114.36. Following the completion of the sale, the chief executive officer now directly owns 132,969 shares of the company's stock, valued at $47,515,142.46. This represents a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,563 shares of company stock valued at $4,388,966 over the last ninety days. Corporate insiders own 0.38% 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.