True North Advisors LLC Increases Position in Trane Technologies plc (NYSE:TT)

True North Advisors LLC lifted its position in shares of Trane Technologies plc (NYSE:TT) by 13.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,288 shares of the company’s stock after buying an additional 275 shares during the quarter. True North Advisors LLC’s holdings in Trane Technologies were worth $845,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TT. Global Wealth Strategies & Associates purchased a new position in shares of Trane Technologies in the fourth quarter valued at about $26,000. MidAtlantic Capital Management Inc. bought a new stake in Trane Technologies during the 3rd quarter valued at approximately $27,000. DT Investment Partners LLC purchased a new position in Trane Technologies in the 3rd quarter worth approximately $36,000. Quarry LP bought a new position in Trane Technologies in the 2nd quarter worth approximately $39,000. Finally, Pittenger & Anderson Inc. bought a new stake in shares of Trane Technologies during the third quarter valued at approximately $39,000. Institutional investors own 82.97% of the company’s stock.

Insiders Place Their Bets

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of Trane Technologies stock in a transaction dated 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 transaction, the senior vice president now owns 12,893 shares in the company, valued at $5,363,488. The trade was 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 available at the SEC website. 0.38% of the stock is owned by company insiders.

Trane Technologies Trading Up 0.6 %

TT opened at $399.35 on Thursday. 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 stock’s 50 day moving average price is $394.99 and its 200-day moving average price is $374.68. Trane Technologies plc has a one year low of $249.21 and a one year high of $422.00. The stock has a market cap of $89.86 billion, a price-to-earnings ratio of 37.05, a P/E/G ratio of 2.16 and a beta of 1.06.

Trane Technologies (NYSE:TT) last issued its earnings results on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.14. The business had revenue of $5.44 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.79 EPS. On average, equities analysts forecast that Trane Technologies plc will post 11.15 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Citigroup cut their target price 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. Royal Bank of Canada lifted their target price on Trane Technologies from $390.00 to $395.00 and gave the stock a “sector perform” rating in a report on Friday, January 3rd. Barclays increased their price target on Trane Technologies from $440.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Mizuho lifted their price objective on Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group increased their target price on Trane Technologies from $364.00 to $407.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $420.64.

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.