FinTrust Capital Advisors LLC reduced its holdings in shares of Trane Technologies plc (NYSE:TT) by 46.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 482 shares of the company’s stock after selling 424 shares during the quarter. FinTrust Capital Advisors LLC’s holdings in Trane Technologies were worth $58,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in TT. CVA Family Office LLC bought a new position in Trane Technologies in the third quarter valued at about $27,000. Harbor Investment Advisory LLC bought a new position in Trane Technologies in the third quarter valued at about $29,000. NEXT Financial Group Inc bought a new position in Trane Technologies in the third quarter valued at about $29,000. CX Institutional lifted its holdings in Trane Technologies by 302.6% in the third quarter. CX Institutional now owns 310 shares of the company’s stock valued at $38,000 after acquiring an additional 233 shares during the period. Finally, Northwest Investment Counselors LLC bought a new position in Trane Technologies in the third quarter valued at about $44,000. 81.03% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on TT shares. Zacks Investment Research raised Trane Technologies from a “hold” rating to a “strong-buy” rating and set a $152.00 price objective on the stock in a research note on Saturday, October 31st. Morgan Stanley raised their price objective on Trane Technologies from $122.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, October 29th. Credit Suisse Group raised their price objective on Trane Technologies from $132.00 to $141.00 in a research note on Thursday, October 29th. The Goldman Sachs Group downgraded Trane Technologies from a “buy” rating to a “neutral” rating and set a $154.00 price objective on the stock. in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Trane Technologies from $120.00 to $131.00 and gave the stock a “hold” rating in a research note on Thursday, October 29th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $124.88.

In other news, CFO Christopher J. Kuehn sold 6,646 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $120.04, for a total value of $797,785.84. Following the completion of the sale, the chief financial officer now directly owns 33,185 shares of the company’s stock, valued at approximately $3,983,527.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Keith A. Sultana sold 8,496 shares of the firm’s stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $120.00, for a total value of $1,019,520.00. Following the completion of the sale, the senior vice president now directly owns 16,679 shares of the company’s stock, valued at $2,001,480. The disclosure for this sale can be found here. Insiders have sold a total of 83,030 shares of company stock valued at $9,859,333 in the last 90 days. 0.92% of the stock is currently owned by company insiders.

NYSE TT opened at $144.20 on Friday. The stock has a market capitalization of $34.63 billion, a PE ratio of 36.32, a P/E/G ratio of 6.16 and a beta of 1.08. The business has a 50 day simple moving average of $134.42 and a two-hundred day simple moving average of $110.41. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.66 and a quick ratio of 1.30. Trane Technologies plc has a 1-year low of $70.00 and a 1-year high of $153.72.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Wednesday, October 28th. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.38. Trane Technologies had a return on equity of 18.82% and a net margin of 6.76%. On average, analysts anticipate that Trane Technologies plc will post 3.9 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Friday, December 4th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 1.47%. The ex-dividend date is Thursday, December 3rd. Trane Technologies’s dividend payout ratio is presently 33.28%.

Trane Technologies Company Profile

Trane Technologies plc provides climate control solutions for buildings, homes, and transportation. It offers offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation products; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality; industrial refrigeration products; large and light commercial unitary products;motor replacements; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.

Further Reading: Technical Analysis

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Institutional Ownership by Quarter for Trane Technologies (NYSE:TT)

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