Consilium Wealth Advisory LLC Raises Stock Position in Trane Technologies plc (NYSE:TT)

Consilium Wealth Advisory LLC grew its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 296.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,315 shares of the company's stock after purchasing an additional 4,721 shares during the quarter. Trane Technologies makes up about 1.3% of Consilium Wealth Advisory LLC's portfolio, making the stock its 21st biggest holding. Consilium Wealth Advisory LLC's holdings in Trane Technologies were worth $2,455,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Trane Technologies by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 18,887,514 shares of the company's stock valued at $5,670,032,000 after purchasing an additional 174,251 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Trane Technologies by 0.5% in the 1st quarter. JPMorgan Chase & Co. now owns 17,393,733 shares of the company's stock worth $5,221,599,000 after acquiring an additional 80,536 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Trane Technologies by 35,914.4% in the 3rd quarter. International Assets Investment Management LLC now owns 1,645,137 shares of the company's stock worth $639,514,000 after acquiring an additional 1,640,569 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Trane Technologies by 1.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,438,515 shares of the company's stock worth $559,194,000 after acquiring an additional 18,403 shares in the last quarter. Finally, Mackenzie Financial Corp increased its holdings in Trane Technologies by 0.3% in the 2nd quarter. Mackenzie Financial Corp now owns 1,085,468 shares of the company's stock worth $357,043,000 after acquiring an additional 2,898 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Trane Technologies Trading Up 0.4 %

Shares of TT stock traded up $1.59 on Wednesday, hitting $391.88. 1,989,027 shares of the stock traded hands, compared to its average volume of 1,113,133. The firm's 50-day moving average price is $379.11 and its two-hundred day moving average price is $347.42. 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 stock has a market capitalization of $88.18 billion, a PE ratio of 36.35, a PEG ratio of 2.38 and a beta of 1.02. Trane Technologies plc has a twelve month low of $214.35 and a twelve month high of $406.96.

Trane Technologies (NYSE:TT - Get Free Report) last posted 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 company had revenue of $5.44 billion for the quarter, compared to analysts' expectations of $5.32 billion. During the same quarter in the prior year, the company posted $2.79 earnings per share. Trane Technologies's revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, analysts anticipate that Trane Technologies plc will post 11.13 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. Shareholders of record on Friday, December 6th will be given a $0.84 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.36 dividend on an annualized basis and a yield of 0.86%. Trane Technologies's payout ratio is currently 31.17%.

Analysts Set New Price Targets

TT has been the subject of several recent analyst reports. Royal Bank of Canada boosted their price target on shares of Trane Technologies from $334.00 to $350.00 and gave the stock a "sector perform" rating in a report on Thursday, August 1st. Morgan Stanley initiated coverage on shares of Trane Technologies in a report on Friday, September 6th. They set an "overweight" rating and a $425.00 target price for the company. Mizuho upped their target price 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. Wells Fargo & Company upped their target price on shares of Trane Technologies from $320.00 to $360.00 and gave the stock an "underweight" rating in a report on Monday, October 7th. Finally, HSBC lowered shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $405.00 target price for the company. in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Trane Technologies has an average rating of "Hold" and a consensus price target of $380.15.

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.