Trane Technologies plc (NYSE:TT) Stock Position Decreased by Keyes Stange & Wooten Wealth Management LLC

Keyes Stange & Wooten Wealth Management LLC reduced its stake in Trane Technologies plc (NYSE:TT) by 3.0% in the third quarter, HoldingsChannel.com reports. The fund owned 896 shares of the company’s stock after selling 28 shares during the quarter. Keyes Stange & Wooten Wealth Management LLC’s holdings in Trane Technologies were worth $348,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Trane Technologies by 35.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,550,511 shares of the company’s stock worth $991,460,000 after acquiring an additional 671,691 shares during the period. International Assets Investment Management LLC increased its stake in shares of Trane Technologies by 35,914.4% in the third quarter. International Assets Investment Management LLC now owns 1,645,137 shares of the company’s stock valued at $639,514,000 after purchasing an additional 1,640,569 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of Trane Technologies by 1.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,438,515 shares of the company’s stock valued at $559,194,000 after buying an additional 18,403 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Trane Technologies by 0.3% during the second quarter. Mackenzie Financial Corp now owns 1,085,468 shares of the company’s stock worth $357,043,000 after buying an additional 2,898 shares during the period. Finally, Raymond James & Associates grew its holdings in Trane Technologies by 3.1% in the 3rd quarter. Raymond James & Associates now owns 1,076,484 shares of the company’s stock worth $418,462,000 after buying an additional 32,079 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

Trane Technologies Stock Performance

Shares of NYSE TT opened at $417.42 on Friday. The stock’s fifty day simple moving average is $394.03 and its 200 day simple moving average is $356.08. The stock has a market capitalization of $93.93 billion, a price-to-earnings ratio of 38.72, a PEG ratio of 2.63 and a beta of 1.02. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 0.57. Trane Technologies plc has a 52-week low of $221.22 and a 52-week high of $421.78.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data 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. 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 the consensus estimate of $5.32 billion. During the same quarter in the previous year, the company earned $2.79 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Trane Technologies plc will post 11.14 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Friday, December 6th. Trane Technologies’s dividend payout ratio is 31.17%.

Analyst Ratings Changes

A number of brokerages have issued reports on TT. Mizuho boosted their price target on Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Hsbc Global Res lowered shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. The Goldman Sachs Group boosted their price target on shares of Trane Technologies from $364.00 to $407.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Barclays increased their price objective on shares of Trane Technologies from $425.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Northcoast Research assumed coverage on Trane Technologies in a research report on Friday. They issued a “buy” rating and a $500.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $397.64.

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.