Harbour Investments Inc. Has $358,000 Stock Holdings in Trane Technologies plc (NYSE:TT)

Harbour Investments Inc. boosted its position in Trane Technologies plc (NYSE:TT) by 47.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 920 shares of the company’s stock after purchasing an additional 294 shares during the period. Harbour Investments Inc.’s holdings in Trane Technologies were worth $358,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DT Investment Partners LLC bought a new position in shares of Trane Technologies during the 3rd quarter worth approximately $36,000. Fortitude Family Office LLC boosted its position in Trane Technologies by 63.2% during the second quarter. Fortitude Family Office LLC now owns 111 shares of the company’s stock worth $37,000 after purchasing an additional 43 shares during the period. Triad Wealth Partners LLC acquired a new position in shares of Trane Technologies in the second quarter valued at $39,000. Quarry LP bought a new position in shares of Trane Technologies in the second quarter valued at about $39,000. Finally, Pittenger & Anderson Inc. bought a new stake in shares of Trane Technologies during the 3rd quarter worth about $39,000. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Down 0.6 %

Shares of TT opened at $407.49 on Friday. The firm has a 50 day simple moving average of $388.09 and a two-hundred day simple moving average of $353.05. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.22 and a quick ratio of 0.92. Trane Technologies plc has a one year low of $221.22 and a one year high of $421.78. The company has a market cap of $91.69 billion, a P/E ratio of 37.80, a P/E/G ratio of 2.63 and a beta of 1.02.

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

Trane Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Friday, December 6th. Trane Technologies’s dividend payout ratio is 31.17%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Stephens reissued an “equal weight” rating and issued a $350.00 price target on shares of Trane Technologies in a report on Monday, August 5th. Morgan Stanley initiated coverage on Trane Technologies in a report on Friday, September 6th. They set an “overweight” rating and a $425.00 price target for the company. Mizuho upped their price objective on Trane Technologies from $325.00 to $400.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Barclays lifted their target price on Trane Technologies from $425.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, UBS Group began coverage on shares of Trane Technologies in a research report on Wednesday. They set a “buy” rating and a $500.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $389.77.

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.