Community Bank & Trust Waco Texas Acquires 175 Shares of Trane Technologies plc (NYSE:TT)

Community Bank & Trust Waco Texas raised its holdings in Trane Technologies plc (NYSE:TT) by 10.9% in the third quarter, HoldingsChannel.com reports. The firm owned 1,775 shares of the company’s stock after purchasing an additional 175 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Trane Technologies were worth $690,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Avantax Advisory Services Inc. increased its stake in Trane Technologies by 5.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 7,748 shares of the company’s stock worth $2,326,000 after acquiring an additional 414 shares during the period. Bleakley Financial Group LLC boosted its position in shares of Trane Technologies by 3.9% during the 1st quarter. Bleakley Financial Group LLC now owns 3,716 shares of the company’s stock worth $1,116,000 after acquiring an additional 139 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Trane Technologies by 11.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 277,956 shares of the company’s stock valued at $83,442,000 after purchasing an additional 29,152 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Trane Technologies by 16.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 278,960 shares of the company’s stock valued at $83,704,000 after buying an additional 39,854 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its position in Trane Technologies by 36.9% in the first quarter. Kingsview Wealth Management LLC now owns 3,875 shares of the company’s stock valued at $1,163,000 after acquiring an additional 1,045 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TT shares. Morgan Stanley began coverage on shares of Trane Technologies in a report on Friday, September 6th. They issued an “overweight” rating and a $425.00 target price for the company. Barclays increased their target price on Trane Technologies from $425.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Wells Fargo & Company boosted their price target on Trane Technologies from $320.00 to $360.00 and gave the stock an “underweight” rating in a report on Monday, October 7th. Robert W. Baird dropped their price objective on shares of Trane Technologies from $408.00 to $404.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, HSBC cut 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 research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Trane Technologies has an average rating of “Hold” and a consensus target price of $380.15.

Trane Technologies Stock Down 0.9 %

Shares of Trane Technologies stock opened at $411.22 on Wednesday. The firm has a market cap of $92.53 billion, a price-to-earnings ratio of 38.15, a PEG ratio of 2.63 and a beta of 1.02. The stock’s 50-day moving average is $384.06 and its 200 day moving average is $351.21. 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 plc has a one year low of $221.22 and a one year high of $416.86.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 earnings per share for the quarter, beating the consensus estimate 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. Equities research analysts anticipate that Trane Technologies plc will post 11.13 EPS for the current year.

Trane Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued 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 0.82%. Trane Technologies’s payout ratio 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.