Trane Technologies plc $TT Stock: Integrity Alliance LLC. Grows Holdings

Integrity Alliance LLC. boosted its stake in Trane Technologies plc (NYSE:TT) by 58.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,903 shares of the company’s stock after purchasing an additional 1,437 shares during the quarter. Integrity Alliance LLC.’s holdings in Trane Technologies were worth $1,764,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TT. Integrity Advisory Solutions LLC raised its position in shares of Trane Technologies by 2.7% during the third quarter. Integrity Advisory Solutions LLC now owns 939 shares of the company’s stock worth $425,000 after purchasing an additional 25 shares during the period. First Nebraska Trust Co acquired a new position in shares of Trane Technologies during the third quarter valued at about $23,806,000. CrossGen Wealth LLC grew its holdings in shares of Trane Technologies by 24.4% during the third quarter. CrossGen Wealth LLC now owns 2,271 shares of the company’s stock valued at $1,027,000 after buying an additional 445 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of Trane Technologies by 13.6% in the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 15,155 shares of the company’s stock worth $6,850,000 after acquiring an additional 1,816 shares during the last quarter. Finally, GRIMES & Co WEALTH MANAGEMENT LLC lifted its position in Trane Technologies by 7.9% in the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 2,795 shares of the company’s stock valued at $1,263,000 after acquiring an additional 204 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Stock Down 1.7%

Shares of NYSE TT opened at $410.31 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 0.79. The stock has a market capitalization of $89.82 billion, a PE ratio of 28.48, a P/E/G ratio of 1.96 and a beta of 1.19. Trane Technologies plc has a one year low of $348.06 and a one year high of $505.87. The business’s fifty day moving average price is $448.16 and its 200-day moving average price is $454.37.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Thursday, October 29th. The company reported $4.86 EPS for the quarter, beating the consensus estimate of $4.74 by $0.12. Trane Technologies had a net margin of 13.56% and a return on equity of 37.26%. The business had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.50 billion. During the same period in the prior year, the firm earned $3.88 earnings per share. The company’s revenue was up 17.7% compared to the same quarter last year. On average, equities research analysts anticipate that Trane Technologies plc will post 15.29 EPS for the current year.

Trane Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Friday, December 4th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, December 4th. Trane Technologies’s payout ratio is presently 29.66%.

Insiders Place Their Bets

In other news, CEO David Regnery sold 48,091 shares of the company’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $480.00, for a total transaction of $23,083,680.00. Following the sale, the chief executive officer directly owned 96,951 shares in the company, valued at $46,536,480. This represents a 33.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Royal Bank Of Canada lowered their price target on Trane Technologies from $502.00 to $486.00 and set a “sector perform” rating for the company in a research report on Friday, October 30th. Sanford C. Bernstein upped their price objective on shares of Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Weiss Ratings upgraded shares of Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, September 10th. Wells Fargo & Company began coverage on Trane Technologies in a report on Friday, September 25th. They set an “overweight” rating and a $536.00 price target on the stock. Finally, The Goldman Sachs Group raised Trane Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $548.00 to $565.00 in a research report on Wednesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Trane Technologies has an average rating of “Moderate Buy” and an average price target of $535.89.

About Trane Technologies

Trane Technologies plc is a global climate technology company that develops solutions for heating, ventilation, air conditioning, refrigeration and building management. Its products and services are designed to improve indoor comfort, energy efficiency and the sustainability of commercial, industrial, residential and institutional buildings.

The company operates through well-known brands including Trane, Thermo King and Frigoblock. Trane provides HVAC equipment, building controls, digital solutions, maintenance and energy services, while Thermo King and Frigoblock offer temperature-control systems for refrigerated transportation.