KCM Investment Advisors LLC Sells 1,575 Shares of Trane Technologies plc (NYSE:TT)

KCM Investment Advisors LLC lowered its position in shares of Trane Technologies plc (NYSE:TT) by 1.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 101,831 shares of the company’s stock after selling 1,575 shares during the period. Trane Technologies comprises about 1.3% of KCM Investment Advisors LLC’s portfolio, making the stock its 20th biggest position. KCM Investment Advisors LLC’s holdings in Trane Technologies were worth $39,585,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TT. DT Investment Partners LLC bought a new stake in shares of Trane Technologies during the third quarter worth about $36,000. Fortitude Family Office LLC increased its position in Trane Technologies by 63.2% in 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 period. Triad Wealth Partners LLC bought a new position in shares of Trane Technologies during the second quarter valued at $39,000. Quarry LP acquired a new position in shares of Trane Technologies during the second quarter worth $39,000. Finally, Pittenger & Anderson Inc. bought a new stake in shares of Trane Technologies in the third quarter worth $39,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on TT shares. Hsbc Global Res lowered Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. UBS Group started coverage on Trane Technologies in a research note on Wednesday. They issued a “buy” rating and a $500.00 price objective on the stock. Barclays increased their target price on shares of Trane Technologies from $425.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. The Goldman Sachs Group boosted their price target on shares of Trane Technologies from $364.00 to $407.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Finally, 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. One research 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, the company has an average rating of “Hold” and an average price target of $389.77.

Trane Technologies Stock Down 0.8 %

Shares of TT stock traded down $3.38 on Friday, reaching $406.74. 169,927 shares of the company were exchanged, compared to its average volume of 1,113,033. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.22 and a quick ratio of 0.92. The company has a 50-day moving average of $386.78 and a 200-day moving average of $352.06. The company has a market cap of $91.52 billion, a price-to-earnings ratio of 38.05, a PEG ratio of 2.63 and a beta of 1.02. Trane Technologies plc has a one year low of $221.22 and a one year high of $421.78.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.14. The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.32 billion. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The company’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 earnings per share. Analysts anticipate that Trane Technologies plc will post 11.13 earnings per share for the current year.

Trane Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a dividend of $0.84 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.36 dividend on an annualized basis and a yield of 0.83%. 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.