Trane Technologies plc (NYSE:TT) Shares Acquired by Amalgamated Bank

Amalgamated Bank lifted its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 9.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 51,183 shares of the company's stock after acquiring an additional 4,406 shares during the quarter. Amalgamated Bank's holdings in Trane Technologies were worth $19,896,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. World Equity Group Inc. bought a new stake in shares of Trane Technologies during the 3rd quarter valued at $230,000. TKG Advisors LLC grew its holdings in Trane Technologies by 3.7% during the third quarter. TKG Advisors LLC now owns 13,018 shares of the company's stock valued at $5,060,000 after purchasing an additional 464 shares during the period. QRG Capital Management Inc. raised its position in shares of Trane Technologies by 10.0% during the 3rd quarter. QRG Capital Management Inc. now owns 43,406 shares of the company's stock valued at $16,873,000 after purchasing an additional 3,931 shares during the period. National Pension Service increased its holdings in Trane Technologies by 12.4% in the 3rd quarter. National Pension Service now owns 598,134 shares of the company's stock valued at $232,513,000 after acquiring an additional 66,167 shares during the last quarter. Finally, Old North State Wealth Management LLC boosted its holdings in shares of Trane Technologies by 15.1% during the 3rd quarter. Old North State Wealth Management LLC now owns 1,111 shares of the company's stock valued at $433,000 after purchasing an additional 146 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, EVP Raymond D. Pittard sold 1,805 shares of the company's stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $328.65, for a total transaction of $593,213.25. Following the transaction, the executive vice president now directly owns 83,517 shares in the company, valued at approximately $27,447,862.05. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.38% of the stock is owned by company insiders.

Trane Technologies Price Performance

NYSE:TT traded up $13.30 during trading hours on Tuesday, reaching $390.29. 1,596,264 shares of the company were exchanged, compared to its average volume of 1,109,039. The firm has a market cap of $87.82 billion, a PE ratio of 36.21, a price-to-earnings-growth ratio of 2.38 and a beta of 1.02. The stock's 50-day moving average is $379.11 and its 200-day moving average is $347.42. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57. 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 released its quarterly earnings data 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. The firm had revenue of $5.44 billion during the quarter, compared to analysts' expectations of $5.32 billion. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. Trane Technologies's revenue was up 10.0% compared to the same quarter last year. During the same period last year, the business earned $2.79 earnings per share. On average, sell-side 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. Stockholders of record on Friday, December 6th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Friday, December 6th. Trane Technologies's dividend payout ratio (DPR) is currently 31.17%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Royal Bank of Canada raised their price target on Trane Technologies from $334.00 to $350.00 and gave the company a "sector perform" rating in a report on Thursday, August 1st. Barclays increased their price target on Trane Technologies from $425.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. The Goldman Sachs Group boosted their price objective on shares of Trane Technologies from $364.00 to $407.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. Mizuho lifted their target price on Trane Technologies from $325.00 to $400.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Finally, Stephens restated an "equal weight" rating and issued a $350.00 price objective on shares of Trane Technologies in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Trane Technologies currently has a consensus rating of "Hold" and an average price target of $380.15.

Trane Technologies Company 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.