Benjamin Edwards Inc. Has $3.64 Million Holdings in Trane Technologies plc (NYSE:TT)

Benjamin Edwards Inc. increased its holdings in shares of Trane Technologies plc (NYSE:TT) by 311,900.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,360 shares of the company’s stock after purchasing an additional 9,357 shares during the quarter. Benjamin Edwards Inc.’s holdings in Trane Technologies were worth $3,639,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its holdings in shares of Trane Technologies by 35,914.4% in the 3rd quarter. International Assets Investment Management LLC now owns 1,645,137 shares of the company’s stock valued at $639,514,000 after buying an additional 1,640,569 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Trane Technologies by 35.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,550,511 shares of the company’s stock worth $991,460,000 after purchasing an additional 671,691 shares during the last quarter. 1832 Asset Management L.P. lifted its stake in Trane Technologies by 7,363.1% in the 2nd quarter. 1832 Asset Management L.P. now owns 422,785 shares of the company’s stock valued at $139,067,000 after purchasing an additional 417,120 shares during the last quarter. FMR LLC grew its holdings in Trane Technologies by 4.0% during the third quarter. FMR LLC now owns 10,337,672 shares of the company’s stock worth $4,018,563,000 after purchasing an additional 397,537 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in Trane Technologies by 162.7% in the second quarter. Point72 Asset Management L.P. now owns 447,705 shares of the company’s stock valued at $147,263,000 after buying an additional 277,274 shares during the period. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Trading Down 0.5 %

Shares of TT stock opened at $412.56 on Wednesday. The firm has a market cap of $92.83 billion, a P/E ratio of 38.27, a price-to-earnings-growth ratio of 2.52 and a beta of 1.03. The business has a 50-day moving average price of $399.13 and a two-hundred day moving average price of $360.72. 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 plc has a 12-month low of $226.18 and a 12-month high of $422.00.

Trane Technologies (NYSE:TT) last issued its 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. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The firm had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter last year, the business earned $2.79 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. Equities analysts anticipate that Trane Technologies plc will post 11.14 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Robert W. Baird decreased their target price on Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Hsbc Global Res downgraded shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. The Goldman Sachs Group upped their target price on Trane Technologies from $364.00 to $407.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Mizuho boosted their price objective on shares of Trane Technologies from $325.00 to $400.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, UBS Group started coverage on Trane Technologies in a research report on Wednesday, November 13th. They issued 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.