Great Valley Advisor Group Inc. Cuts Position in Trane Technologies plc (NYSE:TT)

Great Valley Advisor Group Inc. decreased its holdings in Trane Technologies plc (NYSE:TT) by 3.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 834 shares of the company’s stock after selling 26 shares during the period. Great Valley Advisor Group Inc.’s holdings in Trane Technologies were worth $324,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TT. MidAtlantic Capital Management Inc. purchased a new position in Trane Technologies in the third quarter valued at approximately $27,000. DT Investment Partners LLC purchased a new stake in shares of Trane Technologies during the third quarter valued at approximately $36,000. Fortitude Family Office LLC raised its stake 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 valued at $37,000 after purchasing an additional 43 shares during the period. Triad Wealth Partners LLC purchased a new stake in shares of Trane Technologies during the second quarter valued at approximately $39,000. Finally, Quarry LP purchased a new stake in shares of Trane Technologies during the second quarter valued at approximately $39,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

TT has been the topic of a number of analyst reports. Hsbc Global Res lowered shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Royal Bank of Canada raised their price target on shares of Trane Technologies from $334.00 to $350.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. Mizuho raised their price target on shares of Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. UBS Group started coverage on shares of Trane Technologies in a research report on Wednesday, November 13th. They set a “buy” rating and a $500.00 price target for the company. Finally, Stephens reissued an “equal weight” rating and set a $350.00 price target on shares of Trane Technologies in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $397.64.

Trane Technologies Stock Performance

Trane Technologies stock opened at $416.09 on Thursday. The company has a market cap of $93.63 billion, a PE ratio of 38.60, a P/E/G ratio of 2.62 and a beta of 1.02. The company has a fifty day moving average price of $396.69 and a two-hundred day moving average price of $358.08. 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 12 month low of $221.22 and a 12 month high of $422.00.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.14. The firm had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.32 billion. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.79 earnings per share. Research analysts expect that Trane Technologies plc will post 11.14 earnings per share for the current year.

Trane Technologies Dividend Announcement

The company also recently declared 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. This represents a $3.36 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Friday, December 6th. Trane Technologies’s dividend payout ratio (DPR) is 31.17%.

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.