Trane Technologies plc (NYSE:TT) Shares Sold by AMG National Trust Bank

AMG National Trust Bank trimmed its holdings in shares of Trane Technologies plc (NYSE:TT) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,700 shares of the company’s stock after selling 200 shares during the quarter. AMG National Trust Bank’s holdings in Trane Technologies were worth $4,159,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Claro Advisors LLC purchased a new stake in shares of Trane Technologies during the third quarter worth $441,000. Alpha Family Trust acquired a new stake in Trane Technologies in the 3rd quarter valued at about $235,000. Atlanta Consulting Group Advisors LLC acquired a new position in shares of Trane Technologies in the 3rd quarter valued at $206,000. GoalVest Advisory LLC increased its position in shares of Trane Technologies by 70.0% during the 3rd quarter. GoalVest Advisory LLC now owns 153 shares of the company’s stock worth $59,000 after purchasing an additional 63 shares during the last quarter. Finally, Maxwell Wealth Strategies Inc. raised its holdings in Trane Technologies by 21.6% in the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 14,313 shares of the company’s stock valued at $5,586,000 after buying an additional 2,540 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TT. Stephens reiterated an “equal weight” rating and set a $350.00 price target on shares of Trane Technologies in a research report on Monday, August 5th. Royal Bank of Canada upped their price target on Trane Technologies from $334.00 to $350.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 1st. HSBC downgraded Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price objective on the stock. in a report on Thursday, October 31st. The Goldman Sachs Group raised 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. Finally, Robert W. Baird cut their price target on shares of Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $389.77.

Trane Technologies Trading Down 0.6 %

NYSE:TT opened at $407.49 on Monday. 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 stock’s 50 day simple moving average is $388.09 and its 200-day simple moving average is $353.31. The firm has a market cap of $91.69 billion, a P/E ratio of 37.80, a PEG ratio of 2.58 and a beta of 1.02. Trane Technologies plc has a 12-month low of $221.22 and a 12-month high of $421.78.

Trane Technologies (NYSE:TT) last released its quarterly 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 during 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 business’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.79 EPS. Equities analysts anticipate that Trane Technologies plc will post 11.13 EPS for the current 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 paid a dividend of $0.84 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 0.82%. Trane Technologies’s dividend payout ratio (DPR) is 31.17%.

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.