Trane Technologies plc (NYSE:TT) Shares Purchased by My Legacy Advisors LLC

My Legacy Advisors LLC lifted its holdings in Trane Technologies plc (NYSE:TT) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,130 shares of the company’s stock after acquiring an additional 56 shares during the period. My Legacy Advisors LLC’s holdings in Trane Technologies were worth $1,978,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TT. MidAtlantic Capital Management Inc. purchased a new position in Trane Technologies in the 3rd quarter worth approximately $27,000. Global Wealth Strategies & Associates purchased a new stake in shares of Trane Technologies during the fourth quarter valued at approximately $26,000. DT Investment Partners LLC acquired a new position in shares of Trane Technologies during the third quarter worth $36,000. Pittenger & Anderson Inc. acquired a new stake in Trane Technologies during the 3rd quarter valued at $39,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Trane Technologies during the 3rd quarter worth $44,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Robert W. Baird decreased their price objective on shares of Trane Technologies from $408.00 to $404.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Wells Fargo & Company lowered their price objective on Trane Technologies from $390.00 to $380.00 and set an “underweight” rating for the company in a research note on Tuesday, January 7th. HSBC cut Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 target price for the company. in a research note on Thursday, October 31st. Mizuho upped their price target on shares of Trane Technologies from $325.00 to $400.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, Hsbc Global Res lowered shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a report 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, the company has an average rating of “Hold” and a consensus target price of $420.64.

Trane Technologies Price Performance

Shares of NYSE TT opened at $389.48 on Friday. Trane Technologies plc has a 1-year low of $244.11 and a 1-year high of $422.00. The firm has a market capitalization of $87.64 billion, a PE ratio of 36.13, a P/E/G ratio of 1.95 and a beta of 1.06. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.22 and a quick ratio of 0.92. The business’s fifty day moving average price is $395.78 and its two-hundred day moving average price is $373.17.

Trane Technologies (NYSE:TT) last posted its earnings results 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. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The firm had revenue of $5.44 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same period in the previous year, the business posted $2.79 EPS. Trane Technologies’s revenue was up 10.0% on a year-over-year basis. On average, research analysts expect that Trane Technologies plc will post 11.13 EPS for the current year.

Insider Transactions at Trane Technologies

In related 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 completion of the sale, the senior vice president now owns 12,893 shares of the company’s stock, valued at $5,363,488. This represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.38% of the company’s stock.

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.