Prime Capital Investment Advisors LLC Sells 180 Shares of Trane Technologies plc (NYSE:TT)

Prime Capital Investment Advisors LLC decreased its holdings in shares of Trane Technologies plc (NYSE:TT) by 6.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,764 shares of the company’s stock after selling 180 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Trane Technologies were worth $1,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Kingsview Wealth Management LLC increased its holdings in Trane Technologies by 36.9% in the 1st quarter. Kingsview Wealth Management LLC now owns 3,875 shares of the company’s stock worth $1,163,000 after acquiring an additional 1,045 shares in the last quarter. Blair William & Co. IL increased its stake in shares of Trane Technologies by 1.6% in the first quarter. Blair William & Co. IL now owns 17,261 shares of the company’s stock worth $5,182,000 after purchasing an additional 265 shares in the last quarter. Orion Portfolio Solutions LLC raised its position in shares of Trane Technologies by 12.5% during the 1st quarter. Orion Portfolio Solutions LLC now owns 10,904 shares of the company’s stock valued at $3,274,000 after purchasing an additional 1,209 shares during the period. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Trane Technologies by 2.3% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 1,760 shares of the company’s stock valued at $528,000 after buying an additional 39 shares in the last quarter. Finally, M&G Plc bought a new position in Trane Technologies in the 1st quarter worth $8,939,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. HSBC lowered Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price objective for the company. in a research note on Thursday, October 31st. UBS Group assumed coverage on shares of Trane Technologies in a report on Wednesday. They set a “buy” rating and a $500.00 price objective for the company. Wells Fargo & Company boosted their target price on shares of Trane Technologies from $320.00 to $360.00 and gave the stock an “underweight” rating in a report on Monday, October 7th. Morgan Stanley began coverage on shares of Trane Technologies in a report on Friday, September 6th. They issued an “overweight” rating and a $425.00 price target on the stock. Finally, Barclays increased their price objective on shares of Trane Technologies from $425.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Trane Technologies has a consensus rating of “Hold” and an average price target of $389.77.

Trane Technologies Trading Down 1.2 %

Shares of TT opened at $410.13 on Friday. Trane Technologies plc has a twelve month low of $221.22 and a twelve month high of $421.78. 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 company’s fifty day simple moving average is $385.43 and its 200-day simple moving average is $351.65. The company has a market cap of $92.29 billion, a P/E ratio of 38.05, a P/E/G ratio of 2.60 and a beta of 1.02.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 12.73% and a return on equity of 34.62%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.79 earnings per share. As a group, analysts expect that Trane Technologies plc will post 11.13 EPS for the current year.

Trane Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a $0.84 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.36 dividend on an annualized basis and a yield of 0.82%. Trane Technologies’s payout ratio is 31.17%.

Trane Technologies Company 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.