Continuum Advisory LLC Grows Holdings in Trane Technologies plc (NYSE:TT)

Continuum Advisory LLC increased its holdings in shares of Trane Technologies plc (NYSE:TT) by 8.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,411 shares of the company’s stock after acquiring an additional 187 shares during the period. Continuum Advisory LLC’s holdings in Trane Technologies were worth $989,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Diversify Advisory Services LLC grew its stake in Trane Technologies by 11.4% in the 2nd quarter. Diversify Advisory Services LLC now owns 809 shares of the company’s stock valued at $270,000 after acquiring an additional 83 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of Trane Technologies by 12.3% during the second quarter. Sequoia Financial Advisors LLC now owns 4,773 shares of the company’s stock worth $1,570,000 after purchasing an additional 524 shares in the last quarter. Diversified Trust Co lifted its stake in Trane Technologies by 9.2% in the 2nd quarter. Diversified Trust Co now owns 3,166 shares of the company’s stock valued at $1,042,000 after buying an additional 268 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in Trane Technologies by 12.3% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 2,615 shares of the company’s stock worth $860,000 after buying an additional 287 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Trane Technologies by 95.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 64,969 shares of the company’s stock worth $21,370,000 after buying an additional 31,756 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on TT shares. UBS Group began coverage on Trane Technologies in a research note on Wednesday, November 13th. They issued a “buy” rating and a $500.00 price target on the stock. The Goldman Sachs Group upped their target price on shares of Trane Technologies from $364.00 to $407.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Wells Fargo & Company raised their price target on shares of Trane Technologies from $320.00 to $360.00 and gave the stock an “underweight” rating in a research note on Monday, October 7th. Barclays upped their price objective on shares of Trane Technologies from $440.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Finally, HSBC cut Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 target price on the stock. in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Trane Technologies currently has a consensus rating of “Hold” and an average price target of $409.93.

Trane Technologies Stock Performance

NYSE TT opened at $401.78 on Tuesday. The stock has a market cap of $90.41 billion, a PE ratio of 37.27, a P/E/G ratio of 2.50 and a beta of 1.03. Trane Technologies plc has a twelve month low of $233.76 and a twelve month high of $422.00. The stock has a fifty day simple moving average of $400.85 and a 200-day simple moving average of $362.45. 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 (NYSE:TT) last announced 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. 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 analysts’ expectations of $5.32 billion. During the same period last year, the business earned $2.79 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities analysts anticipate that Trane Technologies plc will post 11.13 earnings per share for the current year.

Trane Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 0.84%. Trane Technologies’s dividend payout ratio is currently 31.17%.

Insider Activity

In related news, SVP Mairead Magner sold 4,329 shares of Trane Technologies stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total value of $1,800,864.00. Following the completion of the transaction, the senior vice president now owns 12,893 shares in the company, valued at approximately $5,363,488. The trade was a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.38% of the company’s stock.

Trane Technologies 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.