Fiduciary Alliance LLC acquired a new stake in shares of Trane Technologies plc (NYSE:TT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,270 shares of the company's stock, valued at approximately $838,000.
A number of other institutional investors have also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. bought a new position in Trane Technologies in the third quarter valued at approximately $27,000. Global Wealth Strategies & Associates bought a new position in Trane Technologies in the fourth quarter valued at approximately $26,000. DT Investment Partners LLC bought a new position in Trane Technologies in the third quarter valued at approximately $36,000. Pittenger & Anderson Inc. bought a new position in Trane Technologies in the third quarter valued at approximately $39,000. Finally, Legacy Investment Solutions LLC bought a new position in Trane Technologies in the third quarter valued at approximately $44,000. Institutional investors and hedge funds own 82.97% of the company's stock.
Insider Buying and Selling at Trane Technologies
In other news, SVP Mairead Magner sold 4,329 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The shares were 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.38% of the company's stock.
Trane Technologies Stock Performance
Shares of TT traded up $5.62 during trading hours 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 12 month low of $242.81 and a 12 month high of $422.00. The firm has a market cap of $86.09 billion, a price-to-earnings ratio of 35.49, a PEG ratio of 2.38 and a beta of 1.06. The business has a fifty day moving average of $396.63 and a 200-day moving average of $372.12. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 0.57.
Trane Technologies (NYSE:TT - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, beating the consensus estimate of $3.23 by $0.14. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The firm had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same period last year, the firm earned $2.79 EPS. The business's quarterly revenue was up 10.0% compared to the same quarter last year. Equities analysts anticipate that Trane Technologies plc will post 11.13 EPS for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have weighed in on TT. 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 note on Tuesday, January 7th. Barclays boosted their price objective on shares of Trane Technologies from $440.00 to $500.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Northcoast Research started coverage on shares of Trane Technologies in a research report on Friday, November 22nd. They issued a "buy" rating and a $500.00 price objective on the stock. Robert W. Baird cut their price objective on shares of Trane Technologies from $408.00 to $404.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. Finally, Citigroup cut their price objective on shares of Trane Technologies from $478.00 to $476.00 and set a "buy" rating on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Trane Technologies presently has a consensus rating of "Hold" and a consensus target price of $414.43.
Check Out Our Latest Analysis on TT
Trane Technologies Profile
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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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