Amalgamated Bank Purchases 4,406 Shares of Trane Technologies plc (NYSE:TT)

Amalgamated Bank boosted its position in shares of Trane Technologies plc (NYSE:TT) by 9.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,183 shares of the company’s stock after purchasing an additional 4,406 shares during the period. Amalgamated Bank’s holdings in Trane Technologies were worth $19,896,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. DT Investment Partners LLC bought a new position in Trane Technologies in the 3rd quarter worth about $36,000. Fortitude Family Office LLC boosted its stake in shares of Trane Technologies by 63.2% during the second quarter. Fortitude Family Office LLC now owns 111 shares of the company’s stock valued at $37,000 after purchasing an additional 43 shares in the last quarter. Triad Wealth Partners LLC bought a new position in shares of Trane Technologies during the second quarter valued at approximately $39,000. Quarry LP bought a new position in shares of Trane Technologies during the second quarter valued at approximately $39,000. Finally, Valley Wealth Managers Inc. purchased a new stake in Trane Technologies during the second quarter valued at approximately $51,000. 82.97% of the stock is currently owned by institutional investors.

Insider Activity at Trane Technologies

In related news, EVP Raymond D. Pittard sold 1,805 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $328.65, for a total transaction of $593,213.25. Following the sale, the executive vice president now owns 83,517 shares in the company, valued at approximately $27,447,862.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.38% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on TT shares. The Goldman Sachs Group increased their target price 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. Mizuho increased their target price on shares of Trane Technologies from $325.00 to $400.00 and gave the company a “neutral” rating in a research 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 report on Thursday, October 31st. Robert W. Baird decreased their target price on shares of Trane Technologies from $408.00 to $404.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Finally, Royal Bank of Canada increased their target price on shares of Trane Technologies from $334.00 to $350.00 and gave the company a “sector perform” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $380.15.

Trane Technologies Stock Up 0.2 %

NYSE:TT opened at $376.99 on Tuesday. The firm has a market capitalization of $84.83 billion, a P/E ratio of 34.97, a PEG ratio of 2.38 and a beta of 1.02. Trane Technologies plc has a 1-year low of $214.35 and a 1-year high of $406.96. The company’s fifty day moving average price is $378.36 and its 200-day moving average price is $346.70. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.22 and a quick ratio of 0.92.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 earnings per share 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 analyst estimates of $5.32 billion. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.79 earnings per share. As a group, equities research analysts anticipate that Trane Technologies plc will post 11.13 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. Investors of record on Friday, December 6th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.36 annualized dividend and a yield of 0.89%. Trane Technologies’s dividend payout ratio 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.