Diversified Trust Co Buys 1,943 Shares of Trane Technologies plc (NYSE:TT)

Diversified Trust Co raised its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 58.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,253 shares of the company's stock after purchasing an additional 1,943 shares during the period. Diversified Trust Co's holdings in Trane Technologies were worth $1,941,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TT. Trust Point Inc. increased its stake in Trane Technologies by 3.1% in the 3rd quarter. Trust Point Inc. now owns 897 shares of the company's stock valued at $349,000 after buying an additional 27 shares during the last quarter. Cobblestone Capital Advisors LLC NY increased its position in shares of Trane Technologies by 1.8% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 1,490 shares of the company's stock valued at $579,000 after acquiring an additional 27 shares during the last quarter. First Pacific Financial lifted its holdings in Trane Technologies by 1.1% during the third quarter. First Pacific Financial now owns 2,674 shares of the company's stock worth $1,039,000 after acquiring an additional 28 shares during the period. Wescott Financial Advisory Group LLC boosted its position in Trane Technologies by 1.7% in the third quarter. Wescott Financial Advisory Group LLC now owns 1,723 shares of the company's stock worth $670,000 after purchasing an additional 28 shares during the last quarter. Finally, Greenleaf Trust grew its stake in Trane Technologies by 0.5% in the 3rd quarter. Greenleaf Trust now owns 5,852 shares of the company's stock valued at $2,275,000 after purchasing an additional 29 shares during the period. 82.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TT has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price target on shares of Trane Technologies from $390.00 to $395.00 and gave the stock a "sector perform" rating in a report on Friday, January 3rd. Mizuho upped their price target on Trane Technologies from $325.00 to $400.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Robert W. Baird decreased their price objective on Trane Technologies from $408.00 to $404.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. Barclays upped their price objective 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. Finally, Citigroup lifted their target price on shares of Trane Technologies from $457.00 to $478.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Trane Technologies has an average rating of "Hold" and an average target price of $414.57.

Trane Technologies Price Performance

Shares of NYSE TT traded up $6.23 during midday trading on Wednesday, hitting $386.19. 1,029,079 shares of the company's stock were exchanged, compared to its average volume of 1,242,476. 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 business's fifty day moving average price is $396.29 and its two-hundred day moving average price is $370.89. The company has a market cap of $86.90 billion, a price-to-earnings ratio of 35.82, a PEG ratio of 2.38 and a beta of 1.06. Trane Technologies plc has a 12-month low of $240.51 and a 12-month high of $422.00.

Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, topping analysts' consensus estimates of $3.23 by $0.14. The business had revenue of $5.44 billion during the quarter, compared to analysts' expectations of $5.32 billion. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The business's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.79 EPS. As a group, research analysts forecast that Trane Technologies plc will post 11.13 EPS for the current fiscal year.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the company's stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 12,893 shares of the company's stock, valued at $5,363,488. This represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.38% of the company's stock.

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.