Boston Family Office LLC Buys 360 Shares of Trane Technologies plc (NYSE:TT)

Boston Family Office LLC lifted its stake in shares of Trane Technologies plc (NYSE:TT) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,342 shares of the company’s stock after purchasing an additional 360 shares during the quarter. Boston Family Office LLC’s holdings in Trane Technologies were worth $4,409,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. bought a new stake in shares of Trane Technologies during the 3rd quarter worth $27,000. DT Investment Partners LLC acquired a new stake in Trane Technologies in the third quarter valued at approximately $36,000. Fortitude Family Office LLC increased its holdings 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 worth $37,000 after buying an additional 43 shares in the last quarter. Triad Wealth Partners LLC acquired a new position in shares of Trane Technologies during the second quarter worth $39,000. Finally, Quarry LP acquired a new stake in shares of Trane Technologies during the 2nd quarter valued at $39,000. 82.97% of the stock is owned by institutional investors.

Trane Technologies Stock Performance

Shares of TT opened at $417.49 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 firm’s fifty day simple moving average is $394.03 and its two-hundred day simple moving average is $356.49. Trane Technologies plc has a 12 month low of $221.22 and a 12 month high of $421.78. The stock has a market capitalization of $93.94 billion, a P/E ratio of 38.73, a price-to-earnings-growth ratio of 2.64 and a beta of 1.02.

Trane Technologies (NYSE:TT) last issued its earnings results 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 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 firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.79 earnings per share. As a group, analysts predict that Trane Technologies plc will post 11.14 EPS for the current year.

Trane Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TT shares. Morgan Stanley initiated coverage on Trane Technologies in a report on Friday, September 6th. They issued an “overweight” rating and a $425.00 target price for the company. Northcoast Research initiated coverage on Trane Technologies in a research note on Friday. They issued a “buy” rating and a $500.00 price objective for the company. Wells Fargo & Company lifted their target price on shares of Trane Technologies from $320.00 to $360.00 and gave the stock an “underweight” rating in a research report on Monday, October 7th. Barclays boosted their target price on shares of Trane Technologies from $425.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, Stephens reaffirmed an “equal weight” rating and set a $350.00 price target on shares of Trane Technologies in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $397.64.

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.