Trillium Asset Management LLC Has $38.31 Million Holdings in Trane Technologies plc (NYSE:TT)

Trillium Asset Management LLC reduced its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,722 shares of the company's stock after selling 3,303 shares during the quarter. Trane Technologies comprises 1.0% of Trillium Asset Management LLC's investment portfolio, making the stock its 24th biggest holding. Trillium Asset Management LLC's holdings in Trane Technologies were worth $38,310,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Xponance Inc. raised its holdings in Trane Technologies by 4.1% during the fourth quarter. Xponance Inc. now owns 42,178 shares of the company's stock worth $15,578,000 after purchasing an additional 1,660 shares during the last quarter. Generali Asset Management SPA SGR acquired a new position in Trane Technologies during the fourth quarter worth $12,849,000. Horizon Investments LLC raised its holdings in Trane Technologies by 61.7% during the fourth quarter. Horizon Investments LLC now owns 9,221 shares of the company's stock worth $3,406,000 after purchasing an additional 3,520 shares during the last quarter. Axxcess Wealth Management LLC raised its holdings in Trane Technologies by 176.3% during the fourth quarter. Axxcess Wealth Management LLC now owns 1,445 shares of the company's stock worth $534,000 after purchasing an additional 922 shares during the last quarter. Finally, Flagship Wealth Advisors LLC acquired a new position in Trane Technologies during the fourth quarter worth $37,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TT. Royal Bank of Canada lifted their price objective on Trane Technologies from $390.00 to $395.00 and gave the stock a "sector perform" rating in a report on Friday, January 3rd. Barclays lowered their price target on Trane Technologies from $500.00 to $475.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Citigroup lowered their price target on Trane Technologies from $478.00 to $476.00 and set a "buy" rating for the company in a report on Monday, January 13th. Melius lowered Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price objective on the stock. in a research note on Tuesday, January 28th. Finally, Melius Research reaffirmed a "hold" rating and issued a $398.00 price objective on shares of Trane Technologies in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $413.69.

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Insider Buying and Selling

In related news, CEO David S. Regnery sold 2,754 shares of the company's stock in a transaction 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 transaction, the chief executive officer now directly owns 132,969 shares in the company, valued at $47,515,142.46. This represents a 2.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Christopher J. Kuehn sold 770 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $358.39, for a total value of $275,960.30. Following the transaction, the chief financial officer now owns 62,221 shares of the company's stock, valued at approximately $22,299,384.19. The trade was a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,234 shares of company stock worth $2,588,102 in the last three months. 0.38% of the stock is owned by insiders.

Trane Technologies Stock Down 0.6 %

TT stock traded down $2.03 during midday trading on Friday, hitting $347.30. 1,712,153 shares of the company's stock were exchanged, compared to its average volume of 1,166,105. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58. Trane Technologies plc has a 12-month low of $286.32 and a 12-month high of $422.00. The firm has a 50 day moving average price of $361.24 and a 200-day moving average price of $379.75. The stock has a market capitalization of $77.90 billion, a price-to-earnings ratio of 30.87, a price-to-earnings-growth ratio of 2.50 and a beta of 1.08.

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 (EPS) for the quarter, topping the consensus estimate 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, analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current 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 paid a dividend of $0.94 per share. 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 1.08%. The ex-dividend date is Friday, March 7th. Trane Technologies's dividend payout ratio is presently 33.42%.

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.