Trane Technologies plc (NYSE:TT) Shares Sold by Comprehensive Financial Consultants Institutional Inc.

Comprehensive Financial Consultants Institutional Inc. lessened its stake in shares of Trane Technologies plc (NYSE:TT) by 1.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 8,005 shares of the company’s stock after selling 127 shares during the period. Trane Technologies comprises about 1.1% of Comprehensive Financial Consultants Institutional Inc.’s portfolio, making the stock its 28th largest holding. Comprehensive Financial Consultants Institutional Inc.’s holdings in Trane Technologies were worth $3,112,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of TT. DT Investment Partners LLC acquired a new stake in shares of Trane Technologies during the 3rd quarter valued at $36,000. Fortitude Family Office LLC lifted its position in shares of Trane Technologies by 63.2% during the 2nd quarter. Fortitude Family Office LLC now owns 111 shares of the company’s stock valued at $37,000 after acquiring an additional 43 shares during the last quarter. Triad Wealth Partners LLC acquired a new stake in shares of Trane Technologies during the 2nd quarter valued at $39,000. Quarry LP acquired a new stake in shares of Trane Technologies during the 2nd quarter valued at $39,000. Finally, Pittenger & Anderson Inc. acquired a new stake in shares of Trane Technologies during the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Price Performance

NYSE TT opened at $395.92 on Friday. The company has a 50 day moving average price of $379.90 and a two-hundred day moving average price of $347.73. Trane Technologies plc has a 12-month low of $219.68 and a 12-month high of $406.96. The stock has a market capitalization of $89.09 billion, a PE ratio of 36.73, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 0.57.

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

Trane Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Friday, December 6th. Trane Technologies’s payout ratio is presently 31.17%.

Wall Street Analyst Weigh In

TT has been the topic of several recent analyst reports. Mizuho boosted their target price on shares of Trane Technologies from $325.00 to $400.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. The Goldman Sachs Group increased their price objective on Trane Technologies from $364.00 to $407.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. HSBC cut Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 target price on the stock. in a research note on Thursday, October 31st. Stephens reissued an “equal weight” rating and issued a $350.00 price target on shares of Trane Technologies in a research report on Monday, August 5th. Finally, Royal Bank of Canada boosted their price objective on shares of Trane Technologies from $334.00 to $350.00 and gave the company a “sector perform” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $380.15.

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.