Trane Technologies plc (NYSE:TT) Shares Sold by Acropolis Investment Management LLC

Acropolis Investment Management LLC trimmed its position in Trane Technologies plc (NYSE:TT) by 6.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,646 shares of the company’s stock after selling 122 shares during the quarter. Acropolis Investment Management LLC’s holdings in Trane Technologies were worth $608,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TT. Parallel Advisors LLC lifted its stake in shares of Trane Technologies by 16.4% in the second quarter. Parallel Advisors LLC now owns 2,468 shares of the company’s stock worth $812,000 after buying an additional 348 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Trane Technologies during the second quarter worth $225,000. Envestnet Asset Management Inc. raised its position in Trane Technologies by 8.1% in the second quarter. Envestnet Asset Management Inc. now owns 312,629 shares of the company’s stock valued at $102,833,000 after purchasing an additional 23,376 shares during the period. J.W. Cole Advisors Inc. grew its holdings in shares of Trane Technologies by 3.2% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 1,734 shares of the company’s stock worth $570,000 after purchasing an additional 54 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in shares of Trane Technologies during the 2nd quarter worth about $593,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Stock Up 1.5 %

TT stock opened at $382.60 on Wednesday. Trane Technologies plc has a fifty-two week low of $242.81 and a fifty-two week high of $422.00. The company’s 50 day moving average price is $396.47 and its 200 day moving average price is $372.50. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 1.22. The firm has a market capitalization of $86.09 billion, a price-to-earnings ratio of 35.49, a PEG ratio of 2.38 and a beta of 1.06.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 earnings per share 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 analyst estimates of $5.32 billion. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The company’s revenue was up 10.0% on a year-over-year basis. During the same period last year, the business earned $2.79 EPS. On average, equities research analysts anticipate that Trane Technologies plc will post 11.13 EPS for the current fiscal year.

Insider Transactions at Trane Technologies

In other news, SVP Mairead Magner sold 4,329 shares of the company’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 completion of 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on TT. Hsbc Global Res cut shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. The Goldman Sachs Group upped their price objective on shares of Trane Technologies from $364.00 to $407.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Robert W. Baird dropped their target price on shares of Trane Technologies from $408.00 to $404.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Wells Fargo & Company decreased their price target on Trane Technologies from $390.00 to $380.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th. Finally, Northcoast Research assumed coverage on Trane Technologies in a research report on Friday, November 22nd. They set a “buy” rating and a $500.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $414.43.

About Trane Technologies

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.