LGT Financial Advisors LLC Sells 76 Shares of Trane Technologies plc (NYSE:TT)

LGT Financial Advisors LLC cut its stake in shares of Trane Technologies plc (NYSE:TT) by 44.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 94 shares of the company’s stock after selling 76 shares during the quarter. LGT Financial Advisors LLC’s holdings in Trane Technologies were worth $37,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norden Group LLC purchased a new position in Trane Technologies in the first quarter worth $646,000. SPC Financial Inc. purchased a new position in shares of Trane Technologies in the 1st quarter worth about $209,000. Advisory Alpha LLC bought a new position in shares of Trane Technologies during the 1st quarter valued at about $201,000. Manchester Capital Management LLC raised its holdings in shares of Trane Technologies by 102.7% during the 1st quarter. Manchester Capital Management LLC now owns 1,423 shares of the company’s stock valued at $427,000 after buying an additional 721 shares in the last quarter. Finally, Duality Advisers LP bought a new stake in Trane Technologies in the 1st quarter worth approximately $331,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Trane Technologies Trading Up 0.4 %

TT opened at $391.88 on Thursday. Trane Technologies plc has a one year low of $214.35 and a one year high of $406.96. 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 business has a 50 day simple moving average of $379.11 and a two-hundred day simple moving average of $347.42. The firm has a market capitalization of $88.18 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 2.39 and a beta of 1.02.

Trane Technologies (NYSE:TT) last announced its earnings results on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 34.62% and a net margin of 12.73%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.79 earnings per share. Analysts predict that Trane Technologies plc will post 11.13 EPS for the current year.

Trane Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be paid a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Friday, December 6th. Trane Technologies’s payout ratio is 31.17%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. HSBC cut shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price target on the stock. in a research report on Thursday, October 31st. Wells Fargo & Company increased their target price on shares of Trane Technologies from $320.00 to $360.00 and gave the company an “underweight” rating in a report on Monday, October 7th. The Goldman Sachs Group boosted their price target 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. Hsbc Global Res cut Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $380.15.

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.