Trane Technologies plc (NYSE:TT) Shares Sold by SageView Advisory Group LLC

SageView Advisory Group LLC cut its position in Trane Technologies plc (NYSE:TT - Free Report) by 14.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,081 shares of the company's stock after selling 1,343 shares during the period. SageView Advisory Group LLC's holdings in Trane Technologies were worth $3,141,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of TT. Trust Point Inc. lifted its position in Trane Technologies by 3.1% in the third quarter. Trust Point Inc. now owns 897 shares of the company's stock valued at $349,000 after acquiring an additional 27 shares during the last quarter. Cobblestone Capital Advisors LLC NY grew its stake in Trane Technologies by 1.8% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 1,490 shares of the company's stock worth $579,000 after buying an additional 27 shares during the last quarter. First Pacific Financial lifted its stake in Trane Technologies by 1.1% in the third quarter. First Pacific Financial now owns 2,674 shares of the company's stock valued at $1,039,000 after buying an additional 28 shares during the last quarter. Wescott Financial Advisory Group LLC boosted its holdings in shares of Trane Technologies by 1.7% in the third quarter. Wescott Financial Advisory Group LLC now owns 1,723 shares of the company's stock valued at $670,000 after acquiring an additional 28 shares during the period. Finally, Greenleaf Trust grew its position in shares of Trane Technologies by 0.5% during the third quarter. Greenleaf Trust now owns 5,852 shares of the company's stock worth $2,275,000 after acquiring an additional 29 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Barclays raised their price objective on shares of Trane Technologies from $440.00 to $500.00 and gave the stock an "overweight" rating in a research report on Thursday. The Goldman Sachs Group boosted their target price on Trane Technologies from $364.00 to $407.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. Mizuho increased their price target on Trane Technologies from $325.00 to $400.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Hsbc Global Res cut shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. Finally, HSBC downgraded shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $405.00 target price on the stock. in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $401.93.

Trane Technologies Trading Down 0.4 %

Trane Technologies stock traded down $1.72 during trading on Thursday, hitting $415.76. The company's stock had a trading volume of 765,567 shares, compared to its average volume of 1,115,236. The stock's fifty day moving average is $399.72 and its 200 day moving average is $361.12. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 1.22. Trane Technologies plc has a 1-year low of $229.07 and a 1-year high of $422.00. The stock has a market capitalization of $93.55 billion, a price-to-earnings ratio of 38.27, a P/E/G ratio of 2.50 and a beta of 1.03.

Trane Technologies (NYSE:TT - Get Free Report) last released its earnings results 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 business had revenue of $5.44 billion for 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%. The company's quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the company earned $2.79 earnings per share. As a group, equities research analysts predict that Trane Technologies plc will post 11.14 EPS for the current year.

Trane Technologies Announces Dividend

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 given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Friday, December 6th. Trane Technologies's dividend payout ratio (DPR) is presently 31.17%.

Trane Technologies 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.