Trane Technologies plc (NYSE:TT) is Insigneo Advisory Services LLC’s 7th Largest Position

Insigneo Advisory Services LLC lessened its stake in Trane Technologies plc (NYSE:TT) by 0.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 71,254 shares of the company’s stock after selling 109 shares during the quarter. Trane Technologies accounts for approximately 2.8% of Insigneo Advisory Services LLC’s portfolio, making the stock its 7th biggest position. Insigneo Advisory Services LLC’s holdings in Trane Technologies were worth $27,699,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TT. Albar Capital Ltd purchased a new stake in Trane Technologies during the second quarter worth approximately $14,556,000. GDS Wealth Management lifted its stake in Trane Technologies by 4.3% during the third quarter. GDS Wealth Management now owns 51,767 shares of the company’s stock worth $20,123,000 after purchasing an additional 2,124 shares during the last quarter. King Wealth Management Group purchased a new stake in Trane Technologies during the third quarter worth approximately $1,879,000. Gradient Investments LLC lifted its stake in Trane Technologies by 7,988.0% during the second quarter. Gradient Investments LLC now owns 2,022 shares of the company’s stock worth $665,000 after purchasing an additional 1,997 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in Trane Technologies by 4.1% during the second quarter. QRG Capital Management Inc. now owns 39,475 shares of the company’s stock worth $12,985,000 after purchasing an additional 1,554 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Trane Technologies Trading Down 0.6 %

NYSE:TT opened at $415.08 on Friday. The stock’s 50 day simple moving average is $400.29 and its 200-day simple moving average is $361.49. Trane Technologies plc has a 12-month low of $229.07 and a 12-month high of $422.00. The firm has a market cap of $93.40 billion, a P/E ratio of 38.50, a PEG ratio of 2.50 and a beta of 1.03. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57.

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, topping analysts’ consensus estimates of $3.23 by $0.14. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The firm had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same quarter in the prior year, the company posted $2.79 earnings per share. Trane Technologies’s quarterly revenue was up 10.0% on a year-over-year basis. Equities analysts anticipate that Trane Technologies plc will post 11.14 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. Investors of record on Friday, December 6th will be issued 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 is presently 31.17%.

Analyst Ratings Changes

TT has been the subject of several recent analyst reports. Barclays boosted their target price on Trane Technologies from $440.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday. Hsbc Global Res lowered Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. UBS Group started coverage on Trane Technologies in a research report on Wednesday, November 13th. They set a “buy” rating and a $500.00 price target on the stock. Wells Fargo & Company lifted their price target on Trane Technologies from $320.00 to $360.00 and gave the stock an “underweight” rating in a research report on Monday, October 7th. Finally, Northcoast Research started coverage on Trane Technologies in a research report on Friday, November 22nd. They set a “buy” rating and a $500.00 price target on the stock. 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $401.93.

Insider Buying and Selling

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total transaction of $1,800,864.00. Following the sale, the senior vice president now directly owns 12,893 shares in the company, valued at approximately $5,363,488. The trade was a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.38% of the stock is currently owned by corporate insiders.

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.