Trane Technologies plc (NYSE:TT) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 3.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,820 shares of the company's stock after selling 1,463 shares during the period. Mutual of America Capital Management LLC's holdings in Trane Technologies were worth $13,924,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in TT. Blair William & Co. IL grew its stake in shares of Trane Technologies by 1.6% in the first quarter. Blair William & Co. IL now owns 17,261 shares of the company's stock valued at $5,182,000 after buying an additional 265 shares in the last quarter. First Foundation Advisors lifted its position in shares of Trane Technologies by 84.7% during the first quarter. First Foundation Advisors now owns 665 shares of the company's stock worth $200,000 after purchasing an additional 305 shares in the last quarter. TIAA Trust National Association boosted its stake in shares of Trane Technologies by 2.1% in the first quarter. TIAA Trust National Association now owns 4,899 shares of the company's stock valued at $1,471,000 after purchasing an additional 99 shares during the period. Resurgent Financial Advisors LLC grew its holdings in Trane Technologies by 45.2% during the 1st quarter. Resurgent Financial Advisors LLC now owns 1,575 shares of the company's stock valued at $473,000 after purchasing an additional 490 shares in the last quarter. Finally, Trustmark National Bank Trust Department lifted its holdings in Trane Technologies by 3.0% in the 1st quarter. Trustmark National Bank Trust Department now owns 4,867 shares of the company's stock worth $1,461,000 after buying an additional 141 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on TT. HSBC cut Trane Technologies from a "buy" rating to a "hold" rating and set a $405.00 price target on the stock. in a research note on Thursday, October 31st. UBS Group assumed coverage on shares of Trane Technologies in a research note on Wednesday. They issued a "buy" rating and a $500.00 price target for the company. Mizuho increased their price objective on shares of Trane Technologies from $325.00 to $400.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Wells Fargo & Company boosted their target price on shares of Trane Technologies from $320.00 to $360.00 and gave the stock an "underweight" rating in a research report on Monday, October 7th. Finally, Hsbc Global Res cut shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $389.77.

Trane Technologies Stock Down 0.6 %

Shares of Trane Technologies stock opened at $407.49 on Friday. Trane Technologies plc has a twelve month low of $221.22 and a twelve month high of $421.78. The stock has a market capitalization of $91.69 billion, a price-to-earnings ratio of 37.80, a PEG ratio of 2.58 and a beta of 1.02. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57. The business's 50 day simple moving average is $388.09 and its 200-day simple moving average is $353.05.

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

Trane Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a $0.84 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.36 annualized dividend and a dividend yield of 0.82%. Trane Technologies's payout ratio is currently 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.

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