Trane Technologies plc (NYSE:TT) Shares Acquired by Amalgamated Bank

Amalgamated Bank lifted its holdings in Trane Technologies plc (NYSE:TT) by 9.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,183 shares of the company’s stock after buying an additional 4,406 shares during the period. Amalgamated Bank’s holdings in Trane Technologies were worth $19,896,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of TT. Norden Group LLC purchased a new position in shares of Trane Technologies in the first quarter worth about $646,000. Private Advisor Group LLC lifted its stake in shares of Trane Technologies by 4.2% in the first quarter. Private Advisor Group LLC now owns 8,341 shares of the company’s stock worth $2,504,000 after buying an additional 334 shares in the last quarter. Diversify Advisory Services LLC purchased a new position in shares of Trane Technologies in the first quarter worth about $215,000. Financial Counselors Inc. lifted its stake in shares of Trane Technologies by 3.1% in the first quarter. Financial Counselors Inc. now owns 2,382 shares of the company’s stock worth $715,000 after buying an additional 71 shares in the last quarter. Finally, Mediolanum International Funds Ltd purchased a new position in shares of Trane Technologies in the first quarter worth about $6,871,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TT shares. HSBC downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 target price on the stock. in a research note on Thursday, October 31st. Robert W. Baird reduced their target price on shares of Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Mizuho boosted their price target on shares of Trane Technologies from $325.00 to $400.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Hsbc Global Res downgraded shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company boosted their price target on shares of Trane Technologies from $320.00 to $360.00 and gave the company an “underweight” rating in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $380.15.

Trane Technologies Trading Up 0.2 %

Shares of TT stock opened at $376.99 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 1.22. The stock has a market capitalization of $84.83 billion, a P/E ratio of 34.97, a price-to-earnings-growth ratio of 2.38 and a beta of 1.02. The company has a 50 day moving average price of $378.36 and a 200 day moving average price of $346.70. Trane Technologies plc has a fifty-two week low of $214.35 and a fifty-two week high of $406.96.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.14. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The business had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the previous year, the firm earned $2.79 EPS. The company’s revenue was up 10.0% compared to the same quarter last year. Equities research analysts predict that Trane Technologies plc will post 11.13 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given a $0.84 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.36 annualized dividend and a yield of 0.89%. Trane Technologies’s dividend payout ratio (DPR) is 31.17%.

Insider Activity at Trane Technologies

In other Trane Technologies news, EVP Raymond D. Pittard sold 1,805 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $328.65, for a total transaction of $593,213.25. Following the completion of the transaction, the executive vice president now owns 83,517 shares in the company, valued at approximately $27,447,862.05. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is owned by insiders.

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.