Banque Cantonale Vaudoise Acquires 2,408 Shares of Trane Technologies plc (NYSE:TT)

Banque Cantonale Vaudoise increased its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 9.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,176 shares of the company's stock after acquiring an additional 2,408 shares during the quarter. Banque Cantonale Vaudoise's holdings in Trane Technologies were worth $11,342,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TT. O Shaughnessy Asset Management LLC lifted its holdings in shares of Trane Technologies by 14.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 17,459 shares of the company's stock worth $5,241,000 after buying an additional 2,149 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Trane Technologies by 29.2% in the 1st quarter. Bessemer Group Inc. now owns 53,255 shares of the company's stock valued at $15,988,000 after purchasing an additional 12,045 shares during the period. Lake Street Advisors Group LLC grew its position in shares of Trane Technologies by 27.9% during the 1st quarter. Lake Street Advisors Group LLC now owns 1,742 shares of the company's stock worth $523,000 after purchasing an additional 380 shares in the last quarter. Pitcairn Co. increased its holdings in shares of Trane Technologies by 122.7% during the first quarter. Pitcairn Co. now owns 5,769 shares of the company's stock worth $1,732,000 after purchasing an additional 3,179 shares during the period. Finally, Ossiam raised its position in shares of Trane Technologies by 2,382.3% in the first quarter. Ossiam now owns 53,791 shares of the company's stock valued at $16,148,000 after buying an additional 51,624 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

TT has been the subject of a number of recent analyst reports. Stephens reaffirmed an "equal weight" rating and set a $350.00 price target on shares of Trane Technologies in a report on Monday, August 5th. 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 target for the company. Mizuho raised their price target 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. Hsbc Global Res downgraded Trane Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 31st. Finally, Robert W. Baird cut their price objective on shares of Trane Technologies from $408.00 to $404.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $389.77.

Trane Technologies Stock Performance

NYSE:TT traded up $3.76 during trading on Tuesday, reaching $413.03. The company's stock had a trading volume of 758,227 shares, compared to its average volume of 1,114,098. The firm has a market cap of $92.94 billion, a price-to-earnings ratio of 38.01, a price-to-earnings-growth ratio of 2.58 and a beta of 1.02. Trane Technologies plc has a 12 month low of $221.22 and a 12 month 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 firm has a 50 day moving average of $389.37 and a 200-day moving average of $353.97.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter last year, the company posted $2.79 earnings per share. The firm's quarterly revenue was up 10.0% compared to the same quarter last year. Research analysts expect that Trane Technologies plc will post 11.13 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Friday, December 6th. Trane Technologies's dividend payout ratio is currently 31.17%.

About Trane Technologies

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.