Atlanta Consulting Group Advisors LLC Acquires Shares of 530 Trane Technologies plc (NYSE:TT)

Atlanta Consulting Group Advisors LLC acquired a new position in shares of Trane Technologies plc (NYSE:TT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 530 shares of the company’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DT Investment Partners LLC bought a new position in shares of Trane Technologies during the third quarter worth $36,000. Fortitude Family Office LLC increased its stake in Trane Technologies by 63.2% during the 2nd quarter. Fortitude Family Office LLC now owns 111 shares of the company’s stock worth $37,000 after purchasing an additional 43 shares in the last quarter. Triad Wealth Partners LLC acquired a new stake in Trane Technologies during the 2nd quarter worth approximately $39,000. Quarry LP bought a new position in Trane Technologies in the second quarter valued at approximately $39,000. Finally, Pittenger & Anderson Inc. acquired a new position in shares of Trane Technologies in the third quarter valued at approximately $39,000. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Price Performance

NYSE:TT opened at $407.49 on Monday. Trane Technologies plc has a 12-month low of $221.22 and a 12-month high of $421.78. The firm has a market capitalization of $91.69 billion, a price-to-earnings ratio of 37.80, a P/E/G ratio of 2.58 and a beta of 1.02. The stock’s 50 day moving average price is $388.09 and its two-hundred day moving average price is $353.31. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 0.57.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.14. The business 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 company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.79 EPS. On average, 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 issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, December 6th. Trane Technologies’s dividend payout ratio is presently 31.17%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TT. Stephens reiterated an “equal weight” rating and set a $350.00 target price on shares of Trane Technologies in a report on Monday, August 5th. UBS Group initiated coverage on Trane Technologies in a research report on Wednesday, November 13th. They set a “buy” rating and a $500.00 price target for the company. Morgan Stanley initiated coverage on shares of Trane Technologies in a report on Friday, September 6th. They issued an “overweight” rating and a $425.00 price objective on the stock. HSBC cut shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 target price for the company. in a report on Thursday, October 31st. Finally, Robert W. Baird cut their price target on shares of Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently 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.