Trane Technologies plc (NYSE:TT) Holdings Lifted by Fort L.P.

Fort L.P. grew its position in Trane Technologies plc (NYSE:TTGet Rating) by 52.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,302 shares of the company’s stock after buying an additional 2,500 shares during the period. Fort L.P.’s holdings in Trane Technologies were worth $1,475,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Rehmann Capital Advisory Group boosted its holdings in shares of Trane Technologies by 4.0% in the third quarter. Rehmann Capital Advisory Group now owns 1,447 shares of the company’s stock valued at $250,000 after acquiring an additional 56 shares in the last quarter. Kestra Private Wealth Services LLC boosted its holdings in shares of Trane Technologies by 1.4% in the fourth quarter. Kestra Private Wealth Services LLC now owns 4,401 shares of the company’s stock valued at $889,000 after acquiring an additional 59 shares in the last quarter. OLD Second National Bank of Aurora boosted its holdings in shares of Trane Technologies by 15.4% in the fourth quarter. OLD Second National Bank of Aurora now owns 450 shares of the company’s stock valued at $65,000 after acquiring an additional 60 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Trane Technologies by 1.6% in the fourth quarter. International Assets Investment Management LLC now owns 3,847 shares of the company’s stock valued at $777,000 after acquiring an additional 61 shares in the last quarter. Finally, ARGI Investment Services LLC boosted its holdings in shares of Trane Technologies by 2.7% in the fourth quarter. ARGI Investment Services LLC now owns 2,414 shares of the company’s stock valued at $488,000 after acquiring an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 80.55% of the company’s stock.

Several research firms recently commented on TT. Deutsche Bank Aktiengesellschaft cut their target price on shares of Trane Technologies from $171.00 to $162.00 in a research note on Thursday, May 5th. Mizuho cut their target price on shares of Trane Technologies from $205.00 to $180.00 and set a “neutral” rating for the company in a research note on Tuesday, February 1st. Wells Fargo & Company cut their target price on shares of Trane Technologies from $153.00 to $131.00 in a research note on Monday, May 9th. Barclays cut their target price on shares of Trane Technologies from $205.00 to $180.00 in a research note on Thursday, May 5th. Finally, Wolfe Research cut their target price on shares of Trane Technologies from $210.00 to $202.00 and set a “peer perform” rating for the company in a research note on Tuesday, February 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $185.07.

Trane Technologies stock traded up $0.63 during mid-day trading on Tuesday, reaching $136.04. The company had a trading volume of 38,302 shares, compared to its average volume of 1,503,519. The company has a 50 day moving average of $148.39 and a 200-day moving average of $169.00. The firm has a market cap of $31.81 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 1.47 and a beta of 1.03. Trane Technologies plc has a 52 week low of $130.01 and a 52 week high of $207.06. The company has a quick ratio of 0.91, a current ratio of 1.31 and a debt-to-equity ratio of 0.75.

Trane Technologies (NYSE:TTGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.12. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.15 billion. Trane Technologies had a net margin of 10.01% and a return on equity of 23.67%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the firm earned $1.01 EPS. On average, analysts predict that Trane Technologies plc will post 7.07 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Friday, June 3rd will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.97%. The ex-dividend date is Thursday, June 2nd. Trane Technologies’s payout ratio is 44.59%.

Trane Technologies Company Profile (Get Rating)

Trane Technologies plc, together with its subsidiaries, engages in the designing, manufacturing, selling, and servicing of solutions for heating, ventilation, air conditioning, and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation products; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality assessments and related products; large and light commercial unitary products; motor replacements; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.

See Also

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Institutional Ownership by Quarter for Trane Technologies (NYSE:TT)

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