Courier Capital LLC Has $590,000 Stake in Trane Technologies plc (NYSE:TT)

Courier Capital LLC increased its position in Trane Technologies plc (NYSE:TT) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,598 shares of the company’s stock after buying an additional 98 shares during the period. Courier Capital LLC’s holdings in Trane Technologies were worth $590,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. raised its holdings in shares of Trane Technologies by 3.2% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 9,079 shares of the company’s stock valued at $2,986,000 after purchasing an additional 282 shares in the last quarter. Parallel Advisors LLC raised its holdings in Trane Technologies by 16.4% during the second quarter. Parallel Advisors LLC now owns 2,468 shares of the company’s stock valued at $812,000 after buying an additional 348 shares in the last quarter. Wealthspire Advisors LLC lifted its position in shares of Trane Technologies by 1.3% in the second quarter. Wealthspire Advisors LLC now owns 3,002 shares of the company’s stock worth $987,000 after buying an additional 39 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Trane Technologies during the 2nd quarter worth about $225,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Trane Technologies by 8.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 312,629 shares of the company’s stock valued at $102,833,000 after acquiring an additional 23,376 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Insider Activity

In other news, SVP Mairead Magner sold 4,329 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now directly 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Robert W. Baird decreased their target price on Trane Technologies from $408.00 to $404.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Royal Bank of Canada upped their price objective 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. Citigroup dropped their target price on shares of Trane Technologies from $478.00 to $476.00 and set a “buy” rating on the stock in a report on Monday. Northcoast Research initiated coverage on shares of Trane Technologies in a report on Friday, November 22nd. They set a “buy” rating and a $500.00 price target for the company. Finally, Hsbc Global Res lowered Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $414.43.

Trane Technologies Trading Down 0.1 %

Shares of TT opened at $376.88 on Tuesday. The stock’s 50-day moving average price is $396.63 and its 200 day moving average price is $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 plc has a 12-month low of $242.81 and a 12-month high of $422.00. The firm has a market capitalization of $84.81 billion, a price-to-earnings ratio of 34.96, a P/E/G ratio of 2.38 and a beta of 1.06.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.14. The business had revenue of $5.44 billion for 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%. Trane Technologies’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.79 earnings per share. As a group, research analysts predict that Trane Technologies plc will post 11.13 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.