Trane Technologies plc (NYSE:TT) Shares Purchased by Howe & Rusling Inc.

Howe & Rusling Inc. boosted its position in shares of Trane Technologies plc (NYSE:TT) by 25.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,177 shares of the company’s stock after buying an additional 242 shares during the quarter. Howe & Rusling Inc.’s holdings in Trane Technologies were worth $458,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new position in shares of Trane Technologies during the 1st quarter worth approximately $90,000. CreativeOne Wealth LLC purchased a new position in Trane Technologies during the first quarter valued at $379,000. EP Wealth Advisors LLC grew its position in shares of Trane Technologies by 9.3% in the first quarter. EP Wealth Advisors LLC now owns 1,452 shares of the company’s stock valued at $436,000 after purchasing an additional 124 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Trane Technologies by 172.2% during the first quarter. Advisors Asset Management Inc. now owns 1,791 shares of the company’s stock worth $538,000 after purchasing an additional 1,133 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Trane Technologies by 7.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 140,614 shares of the company’s stock worth $42,212,000 after purchasing an additional 10,035 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

TT has been the subject of several research reports. Stephens reiterated an “equal weight” rating and set a $350.00 price objective on shares of Trane Technologies in a research note on Monday, August 5th. Robert W. Baird dropped their price target on Trane Technologies from $408.00 to $404.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Hsbc Global Res lowered Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Mizuho upped their target price on shares of Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $389.77.

Trane Technologies Trading Down 0.5 %

TT opened at $411.16 on Thursday. The stock has a market capitalization of $92.52 billion, a PE ratio of 38.14, a P/E/G ratio of 2.58 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. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 1.22. The business’s 50 day moving average price is $391.85 and its 200 day moving average price is $355.02.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, beating 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 posted $2.79 EPS. As a group, equities research analysts expect that Trane Technologies plc will post 11.13 EPS for the current 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 issued a $0.84 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.36 annualized dividend and a dividend yield of 0.82%. Trane Technologies’s dividend payout ratio is currently 31.17%.

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.