Caprock Group LLC grew its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 36.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,264 shares of the company's stock after buying an additional 1,401 shares during the period. Caprock Group LLC's holdings in Trane Technologies were worth $2,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of TT. MidAtlantic Capital Management Inc. bought a new stake in Trane Technologies in the third quarter worth $27,000. DT Investment Partners LLC purchased a new stake in Trane Technologies during the third quarter valued at $36,000. Fortitude Family Office LLC raised its stake in 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 in the last quarter. Triad Wealth Partners LLC purchased a new stake in Trane Technologies during the second quarter valued at $39,000. Finally, Quarry LP purchased a new stake in Trane Technologies during the second quarter valued at $39,000. Institutional investors own 82.97% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. 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 on the stock. The Goldman Sachs Group upped their price target on shares of Trane Technologies from $364.00 to $407.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. HSBC downgraded shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $405.00 target price on the stock. in a research note on Thursday, October 31st. Stephens reissued an "equal weight" rating and issued a $350.00 target price on shares of Trane Technologies in a research note on Monday, August 5th. Finally, Robert W. Baird reduced their target price on shares of Trane Technologies from $408.00 to $404.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Trane Technologies presently has an average rating of "Hold" and a consensus target price of $389.77.
Get Our Latest Research Report on Trane Technologies
Trane Technologies Stock Down 0.5 %
Shares of Trane Technologies stock opened at $411.16 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.22 and a quick ratio of 0.92. Trane Technologies plc has a 1 year low of $221.22 and a 1 year high of $421.78. The firm's 50-day moving average is $391.85 and its two-hundred day moving average is $355.02. The stock has a market cap of $92.52 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 2.62 and a beta of 1.02.
Trane Technologies (NYSE:TT - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.14. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The company had revenue of $5.44 billion for the quarter, compared to analysts' expectations of $5.32 billion. During the same period in the prior year, the business earned $2.79 EPS. The firm's quarterly revenue was up 10.0% on a year-over-year basis. As a group, research analysts expect that Trane Technologies plc will post 11.14 earnings per share for the current fiscal year.
Trane Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Friday, December 6th. Trane Technologies's payout ratio is 31.17%.
About Trane Technologies
(
Free Report)
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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