Community Bank & Trust Waco Texas Buys 175 Shares of Trane Technologies plc (NYSE:TT)

Community Bank & Trust Waco Texas boosted its position in shares of Trane Technologies plc (NYSE:TT) by 10.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,775 shares of the company’s stock after purchasing an additional 175 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Trane Technologies were worth $690,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Haverford Trust Co increased its position in shares of Trane Technologies by 1.3% in the 3rd quarter. Haverford Trust Co now owns 2,647 shares of the company’s stock valued at $1,029,000 after buying an additional 34 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in Trane Technologies by 2.3% in the third quarter. Aptus Capital Advisors LLC now owns 1,677 shares of the company’s stock valued at $652,000 after acquiring an additional 38 shares during the period. Aigen Investment Management LP increased its holdings in shares of Trane Technologies by 73.1% in the third quarter. Aigen Investment Management LP now owns 1,560 shares of the company’s stock worth $606,000 after acquiring an additional 659 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its position in shares of Trane Technologies by 79.5% during the third quarter. Ashton Thomas Private Wealth LLC now owns 4,572 shares of the company’s stock worth $1,777,000 after purchasing an additional 2,025 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Trane Technologies by 0.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 567,079 shares of the company’s stock valued at $220,441,000 after purchasing an additional 4,178 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on TT. HSBC downgraded shares of 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. 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 research report on Thursday, October 17th. Hsbc Global Res cut Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Royal Bank of Canada boosted their price target on Trane Technologies from $334.00 to $350.00 and gave the company a “sector perform” rating in a report on Thursday, August 1st. Finally, Barclays lifted their target price on Trane Technologies from $425.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $380.15.

Trane Technologies Price Performance

NYSE:TT opened at $411.22 on Wednesday. The stock has a market capitalization of $92.53 billion, a PE ratio of 38.15, a P/E/G ratio of 2.63 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. The firm has a fifty day simple moving average of $384.06 and a 200 day simple moving average of $351.21. Trane Technologies plc has a 1-year low of $221.22 and a 1-year high of $416.86.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.14. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The business had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter last year, the company posted $2.79 earnings per share. Trane Technologies’s quarterly revenue was up 10.0% on a year-over-year basis. On average, research analysts expect that Trane Technologies plc will post 11.13 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be given a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, December 6th. Trane Technologies’s payout ratio is presently 31.17%.

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.