Trane Technologies plc (NYSE:TT) Shares Purchased by True Wealth Design LLC

True Wealth Design LLC increased its holdings in Trane Technologies plc (NYSE:TT) by 1,771.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131 shares of the company’s stock after purchasing an additional 124 shares during the quarter. True Wealth Design LLC’s holdings in Trane Technologies were worth $51,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cobblestone Capital Advisors LLC NY boosted its stake in shares of Trane Technologies by 1.8% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 1,490 shares of the company’s stock valued at $579,000 after buying an additional 27 shares during the period. Tradition Wealth Management LLC acquired a new stake in shares of Trane Technologies in the third quarter worth about $232,000. Edgestream Partners L.P. bought a new stake in shares of Trane Technologies during the 3rd quarter worth about $519,000. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Trane Technologies by 35.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 86,464 shares of the company’s stock valued at $33,611,000 after acquiring an additional 22,576 shares in the last quarter. Finally, PDT Partners LLC acquired a new stake in Trane Technologies in the 3rd quarter worth approximately $972,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Stock Performance

NYSE:TT opened at $416.22 on Monday. The stock has a market capitalization of $93.66 billion, a P/E ratio of 38.61, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57. Trane Technologies plc has a 1 year low of $221.22 and a 1 year high of $422.00. The firm has a 50 day moving average of $398.01 and a 200-day moving average of $359.50.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.14. The firm had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The business’s revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm posted $2.79 EPS. As a group, sell-side analysts anticipate that Trane Technologies plc will post 11.14 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.36 annualized dividend and a yield of 0.81%. Trane Technologies’s dividend payout ratio (DPR) is 31.17%.

Wall Street Analysts Forecast Growth

TT has been the subject of several recent analyst reports. The Goldman Sachs Group increased their target price on Trane Technologies from $364.00 to $407.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Stephens reissued an “equal weight” rating and issued a $350.00 price objective on shares of Trane Technologies in a research report on Monday, August 5th. 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 report on Thursday, October 17th. HSBC downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price target for the company. in a report on Thursday, October 31st. Finally, Hsbc Global Res downgraded shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Trane Technologies has an average rating of “Hold” and a consensus price target of $397.64.

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.