Trane Technologies plc (NYSE:TT) Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC cut its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,919 shares of the company's stock after selling 1,665 shares during the period. Pallas Capital Advisors LLC's holdings in Trane Technologies were worth $3,663,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. FMR LLC raised its stake in Trane Technologies by 4.0% during the 3rd quarter. FMR LLC now owns 10,337,672 shares of the company's stock valued at $4,018,563,000 after purchasing an additional 397,537 shares during the period. State Street Corp raised its position in Trane Technologies by 0.8% during the third quarter. State Street Corp now owns 9,769,161 shares of the company's stock valued at $3,797,565,000 after buying an additional 77,830 shares during the period. Geode Capital Management LLC lifted its stake in Trane Technologies by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,638,914 shares of the company's stock worth $1,797,700,000 after acquiring an additional 65,991 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Trane Technologies by 35.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,550,511 shares of the company's stock worth $991,460,000 after acquiring an additional 671,691 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Trane Technologies by 0.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,142,081 shares of the company's stock valued at $832,691,000 after acquiring an additional 20,151 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Stock Performance

Trane Technologies stock traded down $0.24 on Monday, reaching $376.88. 960,770 shares of the stock were exchanged, compared to its average volume of 1,172,880. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57. Trane Technologies plc has a twelve month low of $242.81 and a twelve month high of $422.00. The firm has a fifty day moving average price of $396.63 and a two-hundred day moving average price of $371.81. The stock has a market cap of $84.81 billion, a PE ratio of 34.96, a PEG ratio of 2.38 and a beta of 1.06.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 earnings per share 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 return on equity of 34.62% and a net margin of 12.73%. The firm's revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.79 EPS. Sell-side analysts anticipate that Trane Technologies plc will post 11.13 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on TT shares. Royal Bank of Canada raised 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. Barclays boosted their price target 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. Northcoast Research began coverage on Trane Technologies in a report on Friday, November 22nd. They set a "buy" rating and a $500.00 price objective for the company. Citigroup lowered their target price on Trane Technologies from $478.00 to $476.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Robert W. Baird cut their price target on Trane Technologies from $408.00 to $404.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Trane Technologies presently has a consensus rating of "Hold" and a consensus target price of $414.43.

Insider Transactions at Trane Technologies

In other 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 value of $1,800,864.00. Following the sale, the senior vice president now owns 12,893 shares of the company's stock, valued at approximately $5,363,488. This represents a 25.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is currently owned by corporate insiders.

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.

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