Widmann Financial Services Inc. Cuts Stock Holdings in Trane Technologies plc (NYSE:TT)

Widmann Financial Services Inc. cut its stake in Trane Technologies plc (NYSE:TT) by 10.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,480 shares of the company’s stock after selling 386 shares during the period. Widmann Financial Services Inc.’s holdings in Trane Technologies were worth $1,353,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TT. MidAtlantic Capital Management Inc. acquired a new position in shares of Trane Technologies during the third quarter worth about $27,000. DT Investment Partners LLC acquired a new position in Trane Technologies during the 3rd quarter worth approximately $36,000. Fortitude Family Office LLC increased its position in shares of Trane Technologies by 63.2% in the 2nd 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 last quarter. Triad Wealth Partners LLC acquired a new stake in shares of Trane Technologies in the 2nd quarter valued at $39,000. Finally, Quarry LP purchased a new stake in shares of Trane Technologies during the 2nd quarter worth $39,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TT shares. Mizuho increased their target price on Trane Technologies from $325.00 to $400.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Stephens reiterated an “equal weight” rating and issued a $350.00 price objective on shares of Trane Technologies in a report on Monday, August 5th. The Goldman Sachs Group boosted their target price on Trane Technologies from $364.00 to $407.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. 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. Finally, Northcoast Research initiated coverage on shares of Trane Technologies in a research report on Friday, November 22nd. They set a “buy” rating and a $500.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $397.64.

Trane Technologies Price Performance

Shares of NYSE:TT opened at $416.22 on Friday. Trane Technologies plc has a one year low of $221.22 and a one year high of $422.00. The stock has a market capitalization of $93.66 billion, a price-to-earnings ratio of 38.61, a PEG ratio of 2.52 and a beta of 1.02. The company has a 50-day simple moving average of $398.01 and a 200-day simple moving average of $359.11. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 1.22.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, beating the consensus estimate of $3.23 by $0.14. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The firm had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the prior year, the business earned $2.79 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. On average, analysts predict that Trane Technologies plc will post 11.14 EPS for the current year.

Trane Technologies Announces Dividend

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

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.