Dynamic Technology Lab Private Ltd boosted its holdings in shares of Trane Technologies plc (NYSE:TT – Free Report) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,553 shares of the company’s stock after buying an additional 58 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Trane Technologies were worth $992,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in TT. Albar Capital Ltd bought a new stake in Trane Technologies during the second quarter worth $14,556,000. GDS Wealth Management grew its stake in shares of Trane Technologies by 4.3% in the 3rd quarter. GDS Wealth Management now owns 51,767 shares of the company’s stock worth $20,123,000 after acquiring an additional 2,124 shares in the last quarter. King Wealth Management Group purchased a new stake in shares of Trane Technologies in the third quarter valued at about $1,879,000. Gradient Investments LLC boosted its holdings in Trane Technologies by 7,988.0% during the second quarter. Gradient Investments LLC now owns 2,022 shares of the company’s stock worth $665,000 after purchasing an additional 1,997 shares during the last quarter. Finally, QRG Capital Management Inc. grew its position in Trane Technologies by 4.1% in the 2nd quarter. QRG Capital Management Inc. now owns 39,475 shares of the company’s stock worth $12,985,000 after purchasing an additional 1,554 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.
Trane Technologies Stock Down 0.7 %
TT opened at $416.09 on Thursday. Trane Technologies plc has a 12 month low of $221.22 and a 12 month high of $422.00. The company has a market cap of $93.63 billion, a PE ratio of 38.60, a price-to-earnings-growth ratio of 2.62 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 company has a 50 day moving average of $396.69 and a 200 day moving average of $358.08.
Trane Technologies Dividend Announcement
The business 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. This represents a $3.36 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, December 6th. Trane Technologies’s dividend payout ratio is presently 31.17%.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on TT. Hsbc Global Res downgraded Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Robert W. Baird reduced their price objective on Trane Technologies from $408.00 to $404.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Barclays lifted their target price on Trane Technologies from $425.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. UBS Group started coverage on shares of Trane Technologies in a research report on Wednesday, November 13th. They set a “buy” rating and a $500.00 price target for the company. Finally, Royal Bank of Canada lifted their price objective on shares of Trane Technologies from $334.00 to $350.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Trane Technologies currently has a consensus rating of “Hold” and a consensus target price of $397.64.
Get Our Latest Report on Trane Technologies
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.
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