Avior Wealth Management LLC Purchases 183 Shares of Trane Technologies plc (NYSE:TT)

Avior Wealth Management LLC increased its holdings in Trane Technologies plc (NYSE:TT) by 18.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,186 shares of the company’s stock after purchasing an additional 183 shares during the quarter. Avior Wealth Management LLC’s holdings in Trane Technologies were worth $461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. West Family Investments Inc. grew its position in shares of Trane Technologies by 17.2% in the 3rd quarter. West Family Investments Inc. now owns 1,072 shares of the company’s stock worth $417,000 after buying an additional 157 shares during the last quarter. Banque Cantonale Vaudoise lifted its stake in Trane Technologies by 9.0% in the third quarter. Banque Cantonale Vaudoise now owns 29,176 shares of the company’s stock worth $11,342,000 after acquiring an additional 2,408 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings in Trane Technologies by 4.5% in the third quarter. Fifth Third Wealth Advisors LLC now owns 7,089 shares of the company’s stock valued at $2,756,000 after acquiring an additional 304 shares in the last quarter. Caprock Group LLC increased its position in Trane Technologies by 36.3% during the 3rd quarter. Caprock Group LLC now owns 5,264 shares of the company’s stock valued at $2,046,000 after purchasing an additional 1,401 shares during the period. Finally, Pathstone Holdings LLC raised its holdings in Trane Technologies by 9.9% in the 3rd quarter. Pathstone Holdings LLC now owns 41,808 shares of the company’s stock worth $16,252,000 after purchasing an additional 3,766 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Up 1.0 %

NYSE:TT opened at $415.39 on Friday. 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 firm has a market cap of $93.47 billion, a P/E ratio of 38.53, a P/E/G ratio of 2.62 and a beta of 1.02. Trane Technologies plc has a fifty-two week low of $221.22 and a fifty-two week high of $421.78. The firm has a 50-day simple moving average of $392.96 and a two-hundred day simple moving average of $355.44.

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 the consensus estimate of $3.23 by $0.14. The company 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. Analysts predict that Trane Technologies plc will post 11.14 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The firm 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 dividend of $0.84 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.36 annualized dividend and a dividend yield of 0.81%. Trane Technologies’s dividend payout ratio (DPR) is presently 31.17%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TT. The Goldman Sachs Group lifted their target price on shares of Trane Technologies from $364.00 to $407.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Royal Bank of Canada upped their target price on Trane Technologies from $334.00 to $350.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. Mizuho raised their target price on 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 cut Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, 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 report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $389.77.

About Trane Technologies

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.