Meyer Handelman Co. Has $94.02 Million Stock Position in Trane Technologies plc (NYSE:TT)

Meyer Handelman Co. trimmed its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,560 shares of the company's stock after selling 1,995 shares during the period. Trane Technologies comprises approximately 3.3% of Meyer Handelman Co.'s holdings, making the stock its 3rd biggest holding. Meyer Handelman Co. owned 0.11% of Trane Technologies worth $94,022,000 as of its most recent SEC filing.

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

Insider Transactions at Trane Technologies

In related news, SVP Mairead Magner sold 4,329 shares of the business's stock in a transaction dated 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 directly owns 12,893 shares of the company's stock, valued at $5,363,488. The trade was 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 this link. Corporate insiders own 0.38% of the company's stock.

Trane Technologies Stock Up 0.6 %

NYSE:TT traded up $2.27 on Wednesday, reaching $384.98. The stock had a trading volume of 776,033 shares, compared to its average volume of 1,107,849. The company has a 50-day moving average of $396.47 and a 200 day moving average of $372.50. 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 stock has a market cap of $86.63 billion, a P/E ratio of 35.71, a price-to-earnings-growth ratio of 2.38 and a beta of 1.06. Trane Technologies plc has a 12-month low of $242.81 and a 12-month high of $422.00.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, beating analysts' consensus estimates of $3.23 by $0.14. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The firm had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the prior year, the business posted $2.79 earnings per share. Trane Technologies's revenue for the quarter was up 10.0% on a year-over-year basis. On average, research analysts predict that Trane Technologies plc will post 11.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Northcoast Research initiated coverage on shares of Trane Technologies in a report on Friday, November 22nd. They issued a "buy" rating and a $500.00 price target on the stock. Wells Fargo & Company lowered their price target on Trane Technologies from $390.00 to $380.00 and set an "underweight" rating for the company in a research report on Tuesday, January 7th. Mizuho lifted their price objective on Trane Technologies from $325.00 to $400.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. UBS Group started coverage on shares of Trane Technologies in a research report on Wednesday, November 13th. They set a "buy" rating and a $500.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Trane Technologies from $390.00 to $387.00 and set a "neutral" rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Trane Technologies has a consensus rating of "Hold" and a consensus target price of $420.64.

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.