Oak Thistle LLC purchased a new stake in shares of Trane Technologies plc (NYSE:TT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,323 shares of the company's stock, valued at approximately $489,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Global Wealth Strategies & Associates bought a new stake in Trane Technologies during the 4th quarter valued at $26,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Trane Technologies in the third quarter valued at about $27,000. DT Investment Partners LLC bought a new position in shares of Trane Technologies during the third quarter valued at about $36,000. Quarry LP purchased a new stake in shares of Trane Technologies during the second quarter worth about $39,000. Finally, Pittenger & Anderson Inc. purchased a new position in Trane Technologies during the 3rd quarter valued at about $39,000. 82.97% of the stock is owned by institutional investors.
Trane Technologies Stock Up 0.2 %
Trane Technologies stock traded up $0.62 during mid-day trading on Friday, reaching $389.48. The stock had a trading volume of 2,045,385 shares, compared to its average volume of 1,230,903. The company has a market capitalization of $87.64 billion, a price-to-earnings ratio of 36.13, a PEG ratio of 1.95 and a beta of 1.06. The company has a 50-day moving average price of $396.21 and a two-hundred day moving average price of $372.70. Trane Technologies plc has a one year low of $244.11 and a one year 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.
Trane Technologies (NYSE:TT - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.79 earnings per share. On average, analysts expect 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 dated Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total transaction of $1,800,864.00. Following the transaction, the senior vice president now owns 12,893 shares in the company, valued at approximately $5,363,488. This represents a 25.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.38% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the company. Hsbc Global Res cut Trane Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price objective on shares of Trane Technologies from $390.00 to $387.00 and set a "neutral" rating on the stock in a research report on Wednesday. Mizuho raised their target price on shares of Trane Technologies from $325.00 to $400.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Royal Bank of Canada boosted their price target on shares of Trane Technologies from $390.00 to $395.00 and gave the company a "sector perform" rating in a research report on Friday, January 3rd. Finally, Wells Fargo & Company lowered their price objective on shares of Trane Technologies from $390.00 to $380.00 and set an "underweight" rating for the company in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $420.64.
Check Out Our Latest Stock Analysis on Trane Technologies
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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