Trane Technologies plc (NYSE:TT) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. grew its position in Trane Technologies plc (NYSE:TT - Free Report) by 17.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,147 shares of the company's stock after acquiring an additional 3,239 shares during the period. Crossmark Global Holdings Inc.'s holdings in Trane Technologies were worth $8,609,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. DT Investment Partners LLC purchased a new stake in shares of Trane Technologies in the 3rd quarter valued at approximately $36,000. Fortitude Family Office LLC boosted its position in shares of Trane Technologies by 63.2% during the 2nd quarter. Fortitude Family Office LLC now owns 111 shares of the company's stock worth $37,000 after purchasing an additional 43 shares during the period. Triad Wealth Partners LLC purchased a new position in shares of Trane Technologies during the 2nd quarter worth approximately $39,000. Quarry LP purchased a new position in shares of Trane Technologies during the 2nd quarter worth approximately $39,000. Finally, Pittenger & Anderson Inc. purchased a new position in shares of Trane Technologies during the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TT shares. Mizuho increased 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. Stephens reissued an "equal weight" rating and issued a $350.00 price target on shares of Trane Technologies in a research report on Monday, August 5th. Barclays boosted their price target on shares of Trane Technologies from $425.00 to $440.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. The Goldman Sachs Group boosted their price target 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. Finally, HSBC lowered shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $405.00 price objective on the stock. in a research note on Thursday, October 31st. One investment 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $380.15.

Trane Technologies Price Performance

Shares of NYSE TT traded up $4.30 on Monday, hitting $414.88. The company's stock had a trading volume of 1,643,452 shares, compared to its average volume of 1,116,906. Trane Technologies plc has a 12-month low of $221.22 and a 12-month high of $416.86. The company has a market capitalization of $93.36 billion, a price-to-earnings ratio of 38.49, a price-to-earnings-growth ratio of 2.60 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.22 and a quick ratio of 0.92. The stock has a 50 day moving average of $382.76 and a 200-day moving average of $350.45.

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

Trane Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 0.81%. The ex-dividend date is Friday, December 6th. Trane Technologies's dividend payout ratio (DPR) is 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.