Trane Technologies plc (NYSE:TT) Stock Position Increased by TD Private Client Wealth LLC

TD Private Client Wealth LLC raised its position in Trane Technologies plc (NYSE:TT) by 7.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,007 shares of the company’s stock after acquiring an additional 67 shares during the quarter. TD Private Client Wealth LLC’s holdings in Trane Technologies were worth $391,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TT. Virtue Capital Management LLC lifted its holdings in Trane Technologies by 26.9% in the third quarter. Virtue Capital Management LLC now owns 1,214 shares of the company’s stock worth $472,000 after purchasing an additional 257 shares during the period. Coldstream Capital Management Inc. raised its position in shares of Trane Technologies by 10.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 5,146 shares of the company’s stock worth $2,012,000 after buying an additional 466 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Trane Technologies by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,638,914 shares of the company’s stock worth $1,797,700,000 after acquiring an additional 65,991 shares during the period. Brophy Wealth Management LLC bought a new position in shares of Trane Technologies in the third quarter valued at approximately $1,372,000. Finally, Continuum Advisory LLC increased its stake in shares of Trane Technologies by 8.4% during the third quarter. Continuum Advisory LLC now owns 2,411 shares of the company’s stock valued at $989,000 after acquiring an additional 187 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insider Activity at Trane Technologies

In related news, SVP Mairead Magner sold 4,329 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total transaction of $1,800,864.00. Following the sale, the senior vice president now directly owns 12,893 shares in the company, valued at $5,363,488. This trade represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.38% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on TT. Northcoast Research assumed coverage on Trane Technologies in a research report on Friday, November 22nd. They set a “buy” rating and a $500.00 price target on the stock. Mizuho boosted their target price on shares of Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. HSBC cut shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price objective for the company. in a research report on Thursday, October 31st. Hsbc Global Res cut Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, UBS Group assumed coverage on Trane Technologies in a research note on Wednesday, November 13th. They set a “buy” rating and a $500.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $409.93.

Trane Technologies Stock Down 0.1 %

Shares of NYSE:TT opened at $399.36 on Friday. The company has a 50 day moving average price of $402.05 and a two-hundred day moving average price of $364.54. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 1.22. The company has a market capitalization of $89.87 billion, a PE ratio of 37.05, a PEG ratio of 2.43 and a beta of 1.03. Trane Technologies plc has a 52 week low of $233.76 and a 52 week high of $422.00.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.14. The business had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.79 EPS. Analysts forecast that Trane Technologies plc will post 11.13 earnings per share for the current year.

Trane Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, December 6th. Trane Technologies’s dividend payout ratio (DPR) is presently 31.17%.

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.