Peak Financial Advisors LLC Purchases New Position in Trane Technologies plc (NYSE:TT)

Peak Financial Advisors LLC acquired a new position in Trane Technologies plc (NYSE:TT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 8,151 shares of the company's stock, valued at approximately $3,011,000. Trane Technologies accounts for 1.6% of Peak Financial Advisors LLC's holdings, making the stock its 21st biggest position.

A number of other large investors have also recently made changes to their positions in TT. Tidal Investments LLC raised its holdings in Trane Technologies by 22.2% in the third quarter. Tidal Investments LLC now owns 15,827 shares of the company's stock worth $6,152,000 after purchasing an additional 2,874 shares in the last quarter. Synovus Financial Corp lifted its position in Trane Technologies by 16.8% during the 3rd quarter. Synovus Financial Corp now owns 8,828 shares of the company's stock valued at $3,431,000 after acquiring an additional 1,271 shares during the period. Albar Capital Ltd bought a new stake in Trane Technologies during the second quarter worth about $14,556,000. GDS Wealth Management grew its holdings in Trane Technologies by 4.3% in the third quarter. GDS Wealth Management now owns 51,767 shares of the company's stock worth $20,123,000 after purchasing an additional 2,124 shares during the period. Finally, King Wealth Management Group bought a new position in shares of Trane Technologies during the third quarter valued at approximately $1,879,000. 82.97% of the stock is currently owned by institutional investors.

Insider Transactions at Trane Technologies

In related news, SVP Mairead Magner sold 4,329 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total transaction of $1,800,864.00. Following the completion of the sale, the senior vice president now owns 12,893 shares in the company, valued at approximately $5,363,488. This trade represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.38% of the company's stock.

Trane Technologies Stock Performance

NYSE TT traded up $2.79 on Wednesday, hitting $385.50. 1,176,221 shares of the company traded hands, compared to its average volume of 1,154,312. The business's 50 day moving average price is $396.47 and its 200-day moving average price is $372.50. Trane Technologies plc has a 52-week low of $242.81 and a 52-week high of $422.00. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $86.75 billion, a price-to-earnings ratio of 35.76, a P/E/G ratio of 2.38 and a beta of 1.06.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 earnings per share for the quarter, beating analysts' consensus estimates of $3.23 by $0.14. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The firm had revenue of $5.44 billion for the quarter, compared to analysts' expectations of $5.32 billion. During the same period in the previous year, the firm earned $2.79 EPS. The business's quarterly revenue was up 10.0% on a year-over-year basis. Equities analysts expect that Trane Technologies plc will post 11.13 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on TT shares. HSBC cut Trane Technologies from a "buy" rating to a "hold" rating and set a $405.00 price target on the stock. in a research report on Thursday, October 31st. Citigroup cut their target price on Trane Technologies from $478.00 to $476.00 and set a "buy" rating on the stock in a research note on Monday. Robert W. Baird dropped 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 note on Thursday, October 31st. Hsbc Global Res lowered shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. Finally, Barclays increased their price target on shares of Trane Technologies from $440.00 to $500.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $420.64.

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.