Cobblestone Capital Advisors LLC NY Increases Holdings in Trane Technologies plc (NYSE:TT)

Cobblestone Capital Advisors LLC NY increased its position in Trane Technologies plc (NYSE:TT) by 1.8% during the third quarter, HoldingsChannel.com reports. The fund owned 1,490 shares of the company’s stock after acquiring an additional 27 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Trane Technologies were worth $579,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TT. Cetera Investment Advisers lifted its holdings in shares of Trane Technologies by 359.8% in the first quarter. Cetera Investment Advisers now owns 53,323 shares of the company’s stock valued at $16,008,000 after purchasing an additional 41,727 shares in the last quarter. Cetera Advisors LLC grew its holdings in Trane Technologies by 85.0% during the 1st quarter. Cetera Advisors LLC now owns 14,142 shares of the company’s stock valued at $4,245,000 after buying an additional 6,498 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Trane Technologies by 8.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 928 shares of the company’s stock valued at $295,000 after buying an additional 72 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Trane Technologies by 22.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 736 shares of the company’s stock worth $242,000 after acquiring an additional 134 shares during the last quarter. Finally, Fulton Bank N.A. lifted its position in shares of Trane Technologies by 9.9% in the second quarter. Fulton Bank N.A. now owns 3,427 shares of the company’s stock valued at $1,127,000 after acquiring an additional 309 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TT. Barclays lifted their price objective on Trane Technologies from $425.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Robert W. Baird lowered their price target on shares of Trane Technologies from $408.00 to $404.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. UBS Group assumed coverage on shares of Trane Technologies in a research note on Wednesday, November 13th. They set a “buy” rating and a $500.00 price objective on the stock. Northcoast Research initiated coverage on Trane Technologies in a report on Friday, November 22nd. They issued a “buy” rating and a $500.00 price target for the company. Finally, HSBC cut Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price objective 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 issued a buy rating to the company. According to data from MarketBeat.com, the company presently 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 Monday. The firm has a market capitalization of $93.66 billion, a price-to-earnings ratio of 38.61, a PEG ratio of 2.52 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 1.22. Trane Technologies plc has a one year low of $221.22 and a one year high of $422.00. The company’s 50 day moving average price is $398.01 and its 200 day moving average price is $359.50.

Trane Technologies (NYSE:TT) last issued its earnings results on Wednesday, October 30th. The company reported $3.37 EPS 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 for the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter last year, the firm posted $2.79 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, sell-side analysts predict that Trane Technologies plc will post 11.14 EPS for the current year.

Trane Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be paid a $0.84 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 0.81%. Trane Technologies’s dividend payout ratio (DPR) is currently 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.