Pacer Advisors Inc. Grows Holdings in Trane Technologies plc (NYSE:TT)

Pacer Advisors Inc. grew its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,066 shares of the company's stock after acquiring an additional 1,341 shares during the period. Pacer Advisors Inc.'s holdings in Trane Technologies were worth $6,673,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Global Wealth Strategies & Associates acquired a new stake in shares of Trane Technologies during the fourth quarter worth about $26,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Trane Technologies during the third quarter worth approximately $27,000. DT Investment Partners LLC purchased a new position in Trane Technologies in the 3rd quarter valued at $36,000. Sound Income Strategies LLC raised its position in Trane Technologies by 1,314.3% during the 4th quarter. Sound Income Strategies LLC now owns 99 shares of the company's stock worth $37,000 after buying an additional 92 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Trane Technologies in the 2nd quarter worth $39,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on TT. Hsbc Global Res downgraded shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 31st. Melius Research restated a "hold" rating and issued a $398.00 price target on shares of Trane Technologies in a research note on Tuesday. Northcoast Research assumed coverage on Trane Technologies in a research report on Friday, November 22nd. They issued a "buy" rating and a $500.00 price objective for the company. Robert W. Baird decreased their target price 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, Melius downgraded shares of Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price target for the company. in a report on Tuesday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $417.81.

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 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 transaction, the senior vice president now owns 12,893 shares of the company's stock, valued at approximately $5,363,488. This trade represents a 25.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.38% of the stock is owned by company insiders.

Trane Technologies Trading Up 0.6 %

TT traded up $2.12 during midday trading on Thursday, hitting $366.12. The company's stock had a trading volume of 2,796,024 shares, compared to its average volume of 1,545,095. Trane Technologies plc has a 52-week low of $250.79 and a 52-week high of $422.00. The firm has a 50-day moving average price of $391.62 and a two-hundred day moving average price of $376.27. 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 firm has a market cap of $82.38 billion, a P/E ratio of 33.96, a PEG ratio of 2.16 and a beta of 1.06.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.61 earnings per share for the quarter, topping analysts' consensus estimates of $2.52 by $0.09. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. On average, research analysts anticipate that Trane Technologies plc will post 11.16 earnings per share for the current year.

Trane Technologies 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.