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

Prime Capital Investment Advisors LLC lowered its position in Trane Technologies plc (NYSE:TT) by 6.1% during the 3rd quarter, Holdings Channel reports. The firm owned 2,764 shares of the company’s stock after selling 180 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Trane Technologies were worth $1,074,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC lifted its holdings in shares of Trane Technologies by 79.5% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 4,572 shares of the company’s stock worth $1,777,000 after buying an additional 2,025 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in Trane Technologies by 0.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 567,079 shares of the company’s stock worth $220,441,000 after acquiring an additional 4,178 shares during the period. Harbour Investments Inc. grew its holdings in Trane Technologies by 47.0% during the 3rd quarter. Harbour Investments Inc. now owns 920 shares of the company’s stock worth $358,000 after acquiring an additional 294 shares in the last quarter. Entropy Technologies LP increased its position in Trane Technologies by 32.7% during the 3rd quarter. Entropy Technologies LP now owns 10,538 shares of the company’s stock valued at $4,096,000 after purchasing an additional 2,595 shares during the period. Finally, Apollon Wealth Management LLC raised its holdings in shares of Trane Technologies by 45.3% in the 3rd quarter. Apollon Wealth Management LLC now owns 8,630 shares of the company’s stock valued at $3,355,000 after purchasing an additional 2,691 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Trane Technologies Stock Down 1.2 %

NYSE:TT opened at $410.13 on Friday. The company’s 50 day moving average is $385.43 and its two-hundred day moving average is $351.65. The company has a market cap of $92.29 billion, a PE ratio of 38.05, a P/E/G ratio of 2.60 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. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57.

Trane Technologies (NYSE:TT) last issued its earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.14. The company had revenue of $5.44 billion during the quarter, compared to analyst estimates of $5.32 billion. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the business posted $2.79 EPS. Analysts anticipate that Trane Technologies plc will post 11.13 EPS for the current year.

Trane Technologies Announces Dividend

The company also recently announced 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 0.82%. Trane Technologies’s dividend payout ratio is currently 31.17%.

Analysts Set New Price Targets

Several brokerages recently issued reports on TT. UBS Group began coverage on shares of Trane Technologies in a report on Wednesday. They set a “buy” rating and a $500.00 price objective on the stock. Barclays boosted their price target on Trane Technologies from $425.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Hsbc Global Res downgraded Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Stephens reiterated an “equal weight” rating and issued a $350.00 target price on shares of Trane Technologies in a report on Monday, August 5th. Finally, The Goldman Sachs Group increased their price target on shares of Trane Technologies from $364.00 to $407.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.