Czech National Bank Buys 2,819 Shares of Trane Technologies plc (NYSE:TT)

Czech National Bank grew its position in Trane Technologies plc (NYSE:TT - Free Report) by 6.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,790 shares of the company's stock after buying an additional 2,819 shares during the quarter. Czech National Bank's holdings in Trane Technologies were worth $18,021,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TT. FMR LLC boosted its stake in shares of Trane Technologies by 4.0% during the third quarter. FMR LLC now owns 10,337,672 shares of the company's stock valued at $4,018,563,000 after purchasing an additional 397,537 shares in the last quarter. State Street Corp raised its holdings in Trane Technologies by 0.8% during the 3rd quarter. State Street Corp now owns 9,769,161 shares of the company's stock worth $3,797,565,000 after purchasing an additional 77,830 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Trane Technologies by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,638,914 shares of the company's stock worth $1,797,700,000 after purchasing an additional 65,991 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Trane Technologies by 35.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,550,511 shares of the company's stock valued at $991,460,000 after purchasing an additional 671,691 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Trane Technologies by 0.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,142,081 shares of the company's stock worth $832,691,000 after buying an additional 20,151 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other 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 transaction of $1,800,864.00. Following the completion of the sale, the senior vice president now directly owns 12,893 shares of the company's stock, valued at $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 available through the SEC website. 0.38% of the stock is owned by corporate insiders.

Trane Technologies Stock Up 1.5 %

Shares of Trane Technologies stock traded up $5.62 on Tuesday, hitting $382.60. The company had a trading volume of 1,002,809 shares, compared to its average volume of 1,151,626. Trane Technologies plc has a 1 year low of $242.81 and a 1 year high of $422.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 1.22. The stock has a 50 day moving average of $396.47 and a 200-day moving average of $372.50. The stock has a market capitalization of $86.09 billion, a price-to-earnings ratio of 35.49, a P/E/G ratio of 2.38 and a beta of 1.06.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $5.32 billion. During the same period last year, the business earned $2.79 EPS. The business's revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts forecast that Trane Technologies plc will post 11.13 earnings per share for the current year.

Analyst Ratings Changes

TT has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price target on shares of Trane Technologies from $390.00 to $380.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 7th. Royal Bank of Canada raised their target price on Trane Technologies from $390.00 to $395.00 and gave the stock a "sector perform" rating in a research note on Friday, January 3rd. Barclays increased their price target on Trane Technologies from $440.00 to $500.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Northcoast Research initiated coverage on shares of Trane Technologies in a research note on Friday, November 22nd. They issued a "buy" rating and a $500.00 price objective for the company. Finally, Mizuho raised their price target on shares of Trane Technologies from $325.00 to $400.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $414.43.

Trane Technologies Company 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.