Trane Technologies plc (NYSE:TT) Shares Sold by Winslow Capital Management LLC

Winslow Capital Management LLC decreased its stake in Trane Technologies plc (NYSE:TT - Free Report) by 15.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,183,229 shares of the company's stock after selling 214,100 shares during the quarter. Trane Technologies makes up 1.6% of Winslow Capital Management LLC's holdings, making the stock its 22nd biggest position. Winslow Capital Management LLC owned about 0.53% of Trane Technologies worth $437,026,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Global Wealth Strategies & Associates purchased a new stake in Trane Technologies in the 4th quarter valued at about $26,000. Sound Income Strategies LLC boosted its position in Trane Technologies by 1,314.3% in the 4th quarter. Sound Income Strategies LLC now owns 99 shares of the company's stock valued at $37,000 after buying an additional 92 shares during the period. Flagship Wealth Advisors LLC acquired a new position in shares of Trane Technologies in the fourth quarter worth $37,000. Golden State Wealth Management LLC purchased a new stake in shares of Trane Technologies during the fourth quarter worth $39,000. Finally, BankPlus Trust Department acquired a new stake in shares of Trane Technologies in the fourth quarter valued at $45,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Trane Technologies Stock Performance

Shares of NYSE TT traded up $1.91 during midday trading on Monday, reaching $347.72. 372,970 shares of the company were exchanged, compared to its average volume of 1,284,727. The stock has a market cap of $77.99 billion, a P/E ratio of 30.91, a PEG ratio of 2.50 and a beta of 1.08. Trane Technologies plc has a 1 year low of $286.32 and a 1 year high of $422.00. The stock has a fifty day simple moving average of $347.12 and a 200 day simple moving average of $376.38. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58.

Remove Ads

Trane Technologies (NYSE:TT - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $2.61 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.76 annualized dividend and a yield of 1.08%. Trane Technologies's dividend payout ratio is currently 33.42%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TT. Melius downgraded Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price target on the stock. in a report on Tuesday, January 28th. Wells Fargo & Company decreased their price target on shares of Trane Technologies from $380.00 to $360.00 and set an "underweight" rating for the company in a research note on Friday, January 31st. Citigroup dropped their price objective on shares of Trane Technologies from $478.00 to $476.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. UBS Group decreased their price objective on shares of Trane Technologies from $500.00 to $470.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Finally, Royal Bank of Canada increased their target price on Trane Technologies from $390.00 to $395.00 and gave the company a "sector perform" rating in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Trane Technologies currently has a consensus rating of "Hold" and a consensus price target of $409.13.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, SVP Evan M. Turtz sold 318 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 20,513 shares of the company's stock, valued at approximately $7,346,115.56. This trade represents a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Mairead Magner sold 198 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $357.61, for a total value of $70,806.78. Following the completion of the sale, the senior vice president now owns 13,401 shares in the company, valued at approximately $4,792,331.61. This represents a 1.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,234 shares of company stock valued at $2,588,102. 0.38% of the stock is owned by corporate insiders.

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.