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Burney Co. Buys 21,717 Shares of Trane Technologies plc (NYSE:TT)

Trane Technologies logo with Construction background

Burney Co. boosted its position in Trane Technologies plc (NYSE:TT - Free Report) by 116.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,441 shares of the company's stock after acquiring an additional 21,717 shares during the quarter. Burney Co.'s holdings in Trane Technologies were worth $14,937,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TT. Global Wealth Strategies & Associates purchased a new position in shares of Trane Technologies in the fourth quarter worth about $26,000. MidAtlantic Capital Management Inc. bought a new position in Trane Technologies during the 3rd quarter worth approximately $27,000. DT Investment Partners LLC purchased a new position in Trane Technologies in the 3rd quarter worth approximately $36,000. Quarry LP bought a new stake in Trane Technologies in the second quarter valued at approximately $39,000. Finally, Pittenger & Anderson Inc. purchased a new stake in shares of Trane Technologies during the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Insider Activity

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the stock in a transaction on 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 sale, the senior vice president now directly owns 12,893 shares in the company, 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 is accessible through this hyperlink. Corporate insiders own 0.38% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on TT. Wells Fargo & Company decreased their target price on shares of Trane Technologies from $390.00 to $380.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada upped their price objective on shares of Trane Technologies from $390.00 to $395.00 and gave the company a "sector perform" rating in a research note on Friday, January 3rd. UBS Group initiated coverage on Trane Technologies in a research note on Wednesday, November 13th. They issued a "buy" rating and a $500.00 target price on the stock. JPMorgan Chase & Co. lowered their price target on Trane Technologies from $390.00 to $387.00 and set a "neutral" rating for the company in a research report on Wednesday. Finally, Robert W. Baird cut their price objective on Trane Technologies from $408.00 to $404.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $420.64.

View Our Latest Research Report on Trane Technologies

Trane Technologies Stock Up 0.7 %

TT traded up $2.79 during midday trading on Wednesday, reaching $385.50. The company's stock had a trading volume of 1,176,221 shares, compared to its average volume of 1,154,312. Trane Technologies plc has a 1 year low of $242.81 and a 1 year high of $422.00. The stock's 50-day moving average is $396.47 and its 200-day moving average is $372.50. The firm has a market capitalization of $86.75 billion, a price-to-earnings ratio of 35.76, a PEG ratio of 2.38 and a beta of 1.06. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.32 billion. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The firm's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.79 EPS. As a group, research analysts expect that Trane Technologies plc will post 11.13 EPS for the current year.

Trane Technologies Profile

(Free Report)

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.

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

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