Trane Technologies plc (NYSE:TT) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lessened its holdings in Trane Technologies plc (NYSE:TT) by 5.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,972 shares of the company’s stock after selling 277 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Trane Technologies were worth $1,933,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TT. Trustmark National Bank Trust Department grew its holdings in Trane Technologies by 3.0% during the first quarter. Trustmark National Bank Trust Department now owns 4,867 shares of the company’s stock worth $1,461,000 after acquiring an additional 141 shares during the period. Penobscot Investment Management Company Inc. boosted its holdings in Trane Technologies by 3.4% during the first quarter. Penobscot Investment Management Company Inc. now owns 3,998 shares of the company’s stock worth $1,200,000 after buying an additional 130 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in Trane Technologies by 14.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 17,459 shares of the company’s stock valued at $5,241,000 after buying an additional 2,149 shares during the period. Bessemer Group Inc. increased its holdings in Trane Technologies by 29.2% in the first quarter. Bessemer Group Inc. now owns 53,255 shares of the company’s stock valued at $15,988,000 after buying an additional 12,045 shares in the last quarter. Finally, Lake Street Advisors Group LLC raised its position in shares of Trane Technologies by 27.9% in the first quarter. Lake Street Advisors Group LLC now owns 1,742 shares of the company’s stock worth $523,000 after acquiring an additional 380 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Trane Technologies Stock Performance

NYSE TT opened at $407.49 on Monday. The stock has a fifty day simple moving average of $388.09 and a 200-day simple moving average of $353.31. 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 stock has a market cap of $91.69 billion, a PE ratio of 37.80, a P/E/G ratio of 2.58 and a beta of 1.02. Trane Technologies plc has a twelve month low of $221.22 and a twelve month high of $421.78.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $5.32 billion. During the same period last year, the business earned $2.79 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities analysts anticipate that Trane Technologies plc will post 11.13 earnings per share for the current year.

Trane Technologies Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TT shares. Morgan Stanley assumed coverage on Trane Technologies in a research note on Friday, September 6th. They issued an “overweight” rating and a $425.00 price target for the company. Barclays boosted their price target on shares of Trane Technologies from $425.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Stephens reaffirmed an “equal weight” rating and issued a $350.00 price target on shares of Trane Technologies in a research note on Monday, August 5th. Hsbc Global Res cut shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, UBS Group initiated coverage on shares of Trane Technologies in a research note on Wednesday, November 13th. They issued a “buy” rating and a $500.00 price target on the stock. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.