Natixis Advisors LLC Raises Holdings in Trane Technologies plc (NYSE:TT)

Natixis Advisors LLC grew its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 4.1% 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 135,475 shares of the company's stock after buying an additional 5,380 shares during the period. Natixis Advisors LLC owned 0.06% of Trane Technologies worth $52,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of TT. International Assets Investment Management LLC boosted its stake in Trane Technologies by 35,914.4% during the third quarter. International Assets Investment Management LLC now owns 1,645,137 shares of the company's stock worth $639,514,000 after buying an additional 1,640,569 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Trane Technologies by 1.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,438,515 shares of the company's stock worth $559,194,000 after buying an additional 18,403 shares during the period. Mackenzie Financial Corp boosted its stake in Trane Technologies by 0.3% during the second quarter. Mackenzie Financial Corp now owns 1,085,468 shares of the company's stock worth $357,043,000 after buying an additional 2,898 shares during the period. Raymond James & Associates boosted its stake in Trane Technologies by 3.1% during the third quarter. Raymond James & Associates now owns 1,076,484 shares of the company's stock worth $418,462,000 after buying an additional 32,079 shares during the period. Finally, Swedbank AB boosted its stake in Trane Technologies by 2.8% during the third quarter. Swedbank AB now owns 743,794 shares of the company's stock worth $289,135,000 after buying an additional 20,400 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Hsbc Global Res lowered shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. Stephens reiterated an "equal weight" rating and set a $350.00 target price on shares of Trane Technologies in a research report on Monday, August 5th. Morgan Stanley assumed coverage on Trane Technologies in a research report on Friday, September 6th. They set an "overweight" rating and a $425.00 target price for the company. HSBC downgraded Trane Technologies from a "buy" rating to a "hold" rating and set a $405.00 target price for the company. in a research report on Thursday, October 31st. Finally, Robert W. Baird decreased their target price on Trane Technologies from $408.00 to $404.00 and set a "neutral" rating for the company 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 given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $389.77.

Trane Technologies Stock Down 0.6 %

Shares of TT stock traded down $2.63 on Friday, hitting $407.49. The stock had a trading volume of 958,479 shares, compared to its average volume of 1,301,743. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average price of $388.09 and a 200 day moving average price of $353.05. The company has a market cap of $91.69 billion, a PE ratio of 37.80, a P/E/G ratio of 2.58 and a beta of 1.02. Trane Technologies plc has a one year low of $221.22 and a one year high of $421.78.

Trane Technologies (NYSE:TT - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, topping analysts' consensus estimates of $3.23 by $0.14. The business had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.32 billion. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The firm's revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.79 earnings per share. Research analysts anticipate that Trane Technologies plc will post 11.13 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The company 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 $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 0.82%. Trane Technologies's dividend payout ratio is presently 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.