First Affirmative Financial Network Sells 147 Shares of Trane Technologies plc (NYSE:TT)

First Affirmative Financial Network lowered its position in Trane Technologies plc (NYSE:TT) by 8.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,525 shares of the company’s stock after selling 147 shares during the quarter. First Affirmative Financial Network’s holdings in Trane Technologies were worth $514,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Trane Technologies by 60.0% during the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock valued at $2,288,000 after purchasing an additional 2,323 shares in the last quarter. Mather Group LLC. boosted its stake in shares of Trane Technologies by 5.4% during the fourth quarter. Mather Group LLC. now owns 932 shares of the company’s stock valued at $344,000 after purchasing an additional 48 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Trane Technologies by 0.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 5,538 shares of the company’s stock valued at $2,046,000 after purchasing an additional 29 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Trane Technologies by 37.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,417 shares of the company’s stock valued at $12,448,000 after purchasing an additional 9,093 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Trane Technologies by 1.1% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 573,573 shares of the company’s stock valued at $211,849,000 after purchasing an additional 6,494 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling

In related news, insider Donald E. Simmons sold 3,571 shares of the firm’s stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $380.00, for a total transaction of $1,356,980.00. Following the completion of the transaction, the insider now owns 3,593 shares of the company’s stock, valued at $1,365,340. This trade represents a 49.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.38% of the stock is currently owned by corporate insiders.

Trane Technologies Trading Down 0.4%

NYSE:TT opened at $428.93 on Friday. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $436.61. The firm has a fifty day simple moving average of $382.93 and a 200-day simple moving average of $376.72. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $95.66 billion, a P/E ratio of 38.13, a PEG ratio of 2.50 and a beta of 1.14.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.20 by $0.25. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same period in the previous year, the firm posted $1.94 earnings per share. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, equities research analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.76 annualized dividend and a dividend yield of 0.88%. Trane Technologies’s dividend payout ratio (DPR) is presently 31.28%.

Analyst Ratings Changes

TT has been the topic of a number of recent research reports. Royal Bank of Canada increased their price objective on shares of Trane Technologies from $363.00 to $408.00 and gave the company a “sector perform” rating in a research note on Thursday, May 1st. Hsbc Global Res upgraded shares of Trane Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 25th. Stephens upgraded shares of Trane Technologies from an “equal weight” rating to an “overweight” rating and set a $475.00 target price for the company in a research note on Thursday, May 1st. Citigroup raised their target price on shares of Trane Technologies from $415.00 to $445.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Finally, Barclays lowered their target price on shares of Trane Technologies from $500.00 to $475.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $427.47.

Trane Technologies Company 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.