530 Shares in Trane Technologies plc (NYSE:TT) Bought by Atlanta Consulting Group Advisors LLC

Atlanta Consulting Group Advisors LLC purchased a new position in Trane Technologies plc (NYSE:TT) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 530 shares of the company’s stock, valued at approximately $206,000.

Other hedge funds have also made changes to their positions in the company. GoalVest Advisory LLC grew its holdings in Trane Technologies by 70.0% during the third quarter. GoalVest Advisory LLC now owns 153 shares of the company’s stock valued at $59,000 after purchasing an additional 63 shares during the last quarter. Maxwell Wealth Strategies Inc. grew its stake in Trane Technologies by 21.6% in the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 14,313 shares of the company’s stock valued at $5,586,000 after buying an additional 2,540 shares during the last quarter. Natixis Advisors LLC raised its holdings in Trane Technologies by 4.1% in the 3rd quarter. Natixis Advisors LLC now owns 135,475 shares of the company’s stock worth $52,663,000 after acquiring an additional 5,380 shares during the period. Northeast Financial Group Inc. bought a new position in Trane Technologies in the 3rd quarter worth $234,000. Finally, Empowered Funds LLC lifted its position in Trane Technologies by 2.2% during the 3rd quarter. Empowered Funds LLC now owns 21,034 shares of the company’s stock worth $8,177,000 after acquiring an additional 443 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Price Performance

Trane Technologies stock opened at $407.49 on Monday. The business has a 50 day simple moving average of $388.09 and a 200 day simple moving average of $353.31. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.22 and a quick ratio of 0.92. The company has a market capitalization of $91.69 billion, a PE ratio of 37.80, a price-to-earnings-growth ratio of 2.58 and a beta of 1.02. Trane Technologies plc has a one year low of $221.22 and a one year high of $421.78.

Trane Technologies (NYSE:TT) last issued its earnings results on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, beating the consensus estimate of $3.23 by $0.14. The company had revenue of $5.44 billion for 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 for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.79 EPS. On average, sell-side analysts forecast that Trane Technologies plc will post 11.13 EPS 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. Shareholders of record on Friday, December 6th will be paid a dividend of $0.84 per share. The ex-dividend date is Friday, December 6th. This represents a $3.36 annualized dividend and a yield of 0.82%. Trane Technologies’s dividend payout ratio is 31.17%.

Analysts Set New Price Targets

A number of research firms have recently commented on TT. Robert W. Baird dropped their price objective on 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 upped their price target on Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. The Goldman Sachs Group raised their price objective on shares of Trane Technologies from $364.00 to $407.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Morgan Stanley began coverage on shares of Trane Technologies in a research note on Friday, September 6th. They set an “overweight” rating and a $425.00 target price for the company. Finally, Barclays upped their price objective on shares of Trane Technologies from $425.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Trane Technologies presently has an average rating of “Hold” and an average price target of $389.77.

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.