Baader Bank Aktiengesellschaft Sells 2,500 Shares of Trane Technologies plc (NYSE:TT)

Baader Bank Aktiengesellschaft reduced its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 47.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,732 shares of the company's stock after selling 2,500 shares during the period. Baader Bank Aktiengesellschaft's holdings in Trane Technologies were worth $1,009,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of TT. Global Wealth Strategies & Associates acquired a new position in Trane Technologies during the fourth quarter valued at approximately $26,000. MidAtlantic Capital Management Inc. acquired a new position in Trane Technologies during the third quarter valued at approximately $27,000. DT Investment Partners LLC acquired a new position in Trane Technologies during the third quarter valued at approximately $36,000. Sound Income Strategies LLC boosted its position in Trane Technologies by 1,314.3% during the fourth quarter. Sound Income Strategies LLC now owns 99 shares of the company's stock valued at $37,000 after purchasing an additional 92 shares during the last quarter. Finally, Quarry LP acquired a new position in Trane Technologies during the second quarter valued at approximately $39,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Price Performance

Trane Technologies stock traded up $3.41 during mid-day trading on Thursday, reaching $367.41. 1,841,376 shares of the company were exchanged, compared to its average volume of 1,491,568. The company has a fifty day simple moving average of $391.62 and a 200-day simple moving average of $376.27. Trane Technologies plc has a 12 month low of $250.79 and a 12 month high of $422.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.22 and a quick ratio of 0.92. The firm has a market cap of $82.67 billion, a PE ratio of 34.06, a PEG ratio of 2.16 and a beta of 1.06.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.61 EPS for the quarter, topping analysts' consensus estimates of $2.52 by $0.09. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. As a group, equities research analysts expect that Trane Technologies plc will post 11.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Analyst Ratings Changes

TT has been the subject of several recent research reports. Citigroup reduced their price target on Trane Technologies from $478.00 to $476.00 and set a "buy" rating for the company in a research report on Monday, January 13th. The Goldman Sachs Group upped their price objective on Trane Technologies from $364.00 to $407.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. dropped their price objective on Trane Technologies from $390.00 to $387.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. Hsbc Global Res lowered Trane Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. Finally, Northcoast Research assumed coverage on Trane Technologies in a research note on Friday, November 22nd. They issued a "buy" rating and a $500.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to MarketBeat, Trane Technologies presently has a consensus rating of "Hold" and an average target price of $417.81.

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.