Hhlr Advisors LTD. Trims Stock Holdings in Trane Technologies plc (NYSE:TT)

Hhlr Advisors LTD. lowered its position in shares of Trane Technologies plc (NYSE:TT) by 84.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 753 shares of the company’s stock after selling 4,206 shares during the period. Hhlr Advisors LTD.’s holdings in Trane Technologies were worth $293,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. MidAtlantic Capital Management Inc. purchased a new position in Trane Technologies during the 3rd quarter valued at about $27,000. DT Investment Partners LLC purchased a new stake in Trane Technologies in the third quarter worth about $36,000. Pittenger & Anderson Inc. bought a new position in shares of Trane Technologies during the third quarter valued at approximately $39,000. Fortitude Family Office LLC lifted its holdings in shares of Trane Technologies by 63.2% during the second quarter. Fortitude Family Office LLC now owns 111 shares of the company’s stock valued at $37,000 after purchasing an additional 43 shares during the last quarter. Finally, Triad Wealth Partners LLC bought a new stake in shares of Trane Technologies in the 2nd quarter worth approximately $39,000. Institutional investors own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

TT has been the subject of a number of recent research reports. Robert W. Baird lowered 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. Wells Fargo & Company lifted their price target on Trane Technologies from $320.00 to $360.00 and gave the stock an “underweight” rating in a research report on Monday, October 7th. Northcoast Research assumed coverage on shares of Trane Technologies in a research note on Friday, November 22nd. They issued a “buy” rating and a $500.00 price target on the stock. Barclays raised their price objective on shares of Trane Technologies from $425.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, Stephens reiterated an “equal weight” rating and issued a $350.00 target price on shares of Trane Technologies in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $397.64.

Trane Technologies Trading Up 0.0 %

NYSE:TT opened at $416.22 on Friday. The company has a 50 day simple moving average of $398.01 and a two-hundred day simple moving average of $359.11. The company has a market cap of $93.66 billion, a PE ratio of 38.61, a price-to-earnings-growth ratio of 2.52 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. Trane Technologies plc has a 12 month low of $221.22 and a 12 month high of $422.00.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.14. The company had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. Trane Technologies’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.79 earnings per share. Research analysts forecast that Trane Technologies plc will post 11.14 earnings per share for the current year.

Trane Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Friday, December 6th. Trane Technologies’s payout ratio is 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.