Marathon Strategic Advisors LLC Sells 35 Shares of Trane Technologies plc (NYSE:TT)

Marathon Strategic Advisors LLC cut its position in Trane Technologies plc (NYSE:TT) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 671 shares of the company’s stock after selling 35 shares during the quarter. Marathon Strategic Advisors LLC’s holdings in Trane Technologies were worth $248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Tidal Investments LLC increased its position in shares of Trane Technologies by 22.2% in the third quarter. Tidal Investments LLC now owns 15,827 shares of the company’s stock worth $6,152,000 after purchasing an additional 2,874 shares during the last quarter. Synovus Financial Corp increased its holdings in shares of Trane Technologies by 16.8% in the 3rd quarter. Synovus Financial Corp now owns 8,828 shares of the company’s stock worth $3,431,000 after buying an additional 1,271 shares during the last quarter. GDS Wealth Management raised its position in shares of Trane Technologies by 4.3% during the 3rd quarter. GDS Wealth Management now owns 51,767 shares of the company’s stock valued at $20,123,000 after buying an additional 2,124 shares in the last quarter. Albar Capital Ltd bought a new stake in shares of Trane Technologies during the 2nd quarter worth $14,556,000. Finally, King Wealth Management Group purchased a new position in Trane Technologies in the third quarter worth $1,879,000. 82.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

TT has been the topic of a number of research reports. Mizuho raised their price target on Trane Technologies from $325.00 to $400.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. decreased their price objective on Trane Technologies from $390.00 to $387.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Northcoast Research initiated coverage on Trane Technologies in a research note on Friday, November 22nd. They issued a “buy” rating and a $500.00 target price for the company. Wells Fargo & Company decreased their price target on shares of 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, Citigroup cut their price objective on shares of Trane Technologies from $478.00 to $476.00 and set a “buy” rating for the company in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $420.64.

Insider Transactions at Trane Technologies

In other news, SVP Mairead Magner sold 4,329 shares of Trane Technologies stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total transaction of $1,800,864.00. Following the completion of the transaction, the senior vice president now directly owns 12,893 shares in the company, valued at approximately $5,363,488. This trade represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.38% of the company’s stock.

Trane Technologies Stock Performance

Shares of TT stock opened at $399.35 on Thursday. The firm has a market capitalization of $89.86 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 2.16 and a beta of 1.06. The stock has a fifty day moving average of $394.68 and a 200 day moving average of $374.85. Trane Technologies plc has a 52 week low of $249.21 and a 52 week high of $422.00. 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 (NYSE:TT) last announced its earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.14. The firm had revenue of $5.44 billion during the quarter, compared to analyst estimates of $5.32 billion. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.79 EPS. As a group, research analysts expect that Trane Technologies plc will post 11.15 earnings per share for the current year.

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.