Values First Advisors Inc. Decreases Stake in Trane Technologies plc (NYSE:TT)

Values First Advisors Inc. decreased its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 31.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,243 shares of the company's stock after selling 1,903 shares during the quarter. Values First Advisors Inc.'s holdings in Trane Technologies were worth $1,567,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Trust Point Inc. lifted its holdings in Trane Technologies by 3.1% in the third quarter. Trust Point Inc. now owns 897 shares of the company's stock valued at $349,000 after acquiring an additional 27 shares during the period. Cobblestone Capital Advisors LLC NY lifted its holdings in Trane Technologies by 1.8% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 1,490 shares of the company's stock valued at $579,000 after acquiring an additional 27 shares during the period. First Pacific Financial lifted its holdings in Trane Technologies by 1.1% in the third quarter. First Pacific Financial now owns 2,674 shares of the company's stock valued at $1,039,000 after acquiring an additional 28 shares during the period. Wescott Financial Advisory Group LLC lifted its holdings in Trane Technologies by 1.7% in the third quarter. Wescott Financial Advisory Group LLC now owns 1,723 shares of the company's stock valued at $670,000 after acquiring an additional 28 shares during the period. Finally, Greenleaf Trust lifted its holdings in Trane Technologies by 0.5% in the third quarter. Greenleaf Trust now owns 5,852 shares of the company's stock valued at $2,275,000 after acquiring an additional 29 shares during the period. Institutional investors and hedge funds own 82.97% of the company's stock.

Trane Technologies Trading Up 0.6 %

Shares of TT traded up $2.30 during midday trading on Friday, reaching $363.58. The company had a trading volume of 1,019,591 shares, compared to its average volume of 1,525,975. Trane Technologies plc has a 1-year low of $270.50 and a 1-year high of $422.00. The stock has a market cap of $81.55 billion, a PE ratio of 32.32, a price-to-earnings-growth ratio of 2.44 and a beta of 1.05. The firm has a 50 day simple moving average of $378.44 and a 200-day simple moving average of $378.13. 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 (NYSE:TT - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.61 earnings per share (EPS) 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%. Research analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Increases Dividend

The firm 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. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.03%. This is an increase 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%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TT shares. Barclays boosted their price target on Trane Technologies from $440.00 to $500.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. Citigroup cut their price objective on Trane Technologies from $478.00 to $476.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Hsbc Global Res cut Trane Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 31st. Wells Fargo & Company cut their price objective on Trane Technologies from $380.00 to $360.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their price objective on Trane Technologies from $387.00 to $396.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $415.25.

Insider Buying and Selling

In related news, SVP Evan M. Turtz sold 318 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $358.12, for a total transaction of $113,882.16. Following the completion of the transaction, the senior vice president now directly owns 20,513 shares in the company, valued at $7,346,115.56. This trade represents a 1.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Mairead Magner sold 198 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $357.61, for a total value of $70,806.78. Following the transaction, the senior vice president now owns 13,401 shares of the company's stock, valued at $4,792,331.61. This trade represents a 1.46 % 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 currently owned by 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.