Roman Butler Fullerton & Co. Sells 159 Shares of Trane Technologies plc (NYSE:TT)

Roman Butler Fullerton & Co. lessened its holdings in Trane Technologies plc (NYSE:TT) by 19.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 638 shares of the company’s stock after selling 159 shares during the period. Roman Butler Fullerton & Co.’s holdings in Trane Technologies were worth $219,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Trane Technologies by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 19,235,570 shares of the company’s stock valued at $7,104,658,000 after purchasing an additional 152,353 shares during the last quarter. Geode Capital Management LLC lifted its position in Trane Technologies by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 4,775,263 shares of the company’s stock valued at $1,760,549,000 after purchasing an additional 136,349 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Trane Technologies by 4.1% during the fourth quarter. Ameriprise Financial Inc. now owns 3,343,390 shares of the company’s stock valued at $1,234,908,000 after purchasing an additional 130,867 shares during the last quarter. Norges Bank bought a new position in Trane Technologies during the fourth quarter valued at $1,117,816,000. Finally, Northern Trust Corp lifted its position in Trane Technologies by 20.1% during the fourth quarter. Northern Trust Corp now owns 2,567,527 shares of the company’s stock valued at $948,316,000 after purchasing an additional 429,953 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Down 0.6%

Shares of TT opened at $419.63 on Thursday. The firm has a market capitalization of $93.59 billion, a P/E ratio of 34.91, a P/E/G ratio of 2.77 and a beta of 1.16. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $436.61. The company has a current ratio of 1.09, a quick ratio of 0.74 and a debt-to-equity ratio of 0.52. The firm has a fifty day moving average price of $398.05 and a 200-day moving average price of $377.14.

Trane Technologies (NYSE:TT) last issued its earnings results on Wednesday, April 30th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.25. The firm had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.46 billion. Trane Technologies had a net margin of 13.47% and a return on equity of 36.10%. The business’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.94 earnings per share. Equities research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a $0.94 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.76 annualized dividend and a dividend yield of 0.90%. Trane Technologies’s payout ratio is currently 31.28%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. 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 report on Thursday, May 1st. UBS Group lifted their price objective on shares of Trane Technologies from $470.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Trane Technologies from $334.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Hsbc Global Res raised shares of Trane Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 25th. Finally, Barclays dropped their price objective 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 research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Trane Technologies currently has an average rating of “Moderate Buy” and an average price target of $427.47.

Insider Activity at Trane Technologies

In related news, insider Donald E. Simmons sold 3,571 shares of Trane Technologies stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $380.00, for a total value of $1,356,980.00. Following the completion of the sale, the insider now directly owns 3,593 shares in the company, valued at $1,365,340. The trade was a 49.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.38% of the stock is currently 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.