Consolidated Planning Corp Buys 2,281 Shares of Trane Technologies plc (NYSE:TT)

Consolidated Planning Corp increased its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 21.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,161 shares of the company's stock after buying an additional 2,281 shares during the period. Consolidated Planning Corp's holdings in Trane Technologies were worth $5,116,000 as of its most recent SEC filing.

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

Trane Technologies Stock Up 3.7 %

Shares of TT traded up $14.66 during trading hours on Friday, reaching $410.58. The company's stock had a trading volume of 1,512,063 shares, compared to its average volume of 1,114,480. The firm has a market cap of $92.39 billion, a price-to-earnings ratio of 38.04, a P/E/G ratio of 2.39 and a beta of 1.02. Trane Technologies plc has a 1-year low of $220.62 and a 1-year high of $413.74. 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 company has a 50 day moving average of $380.72 and a two-hundred day moving average of $348.06.

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

Trane Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 annualized dividend and a dividend yield of 0.82%. Trane Technologies's dividend payout ratio is 31.17%.

Analyst Ratings Changes

TT has been the subject of several analyst reports. HSBC downgraded shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $405.00 target price for the company. in a research note on Thursday, October 31st. Barclays upped their price objective on shares of Trane Technologies from $425.00 to $440.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. Royal Bank of Canada upped their price objective on shares of Trane Technologies from $334.00 to $350.00 and gave the company a "sector perform" rating in a research note on Thursday, August 1st. The Goldman Sachs Group upped their price objective 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. Finally, Wells Fargo & Company upped their price objective on shares of Trane Technologies from $320.00 to $360.00 and gave the company an "underweight" rating in a research note on Monday, October 7th. 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. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price 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.