Trane Technologies plc (NYSE:TT) Stock Position Lifted by Simon Quick Advisors LLC

Simon Quick Advisors LLC grew its position in Trane Technologies plc (NYSE:TT) by 9.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 981 shares of the company’s stock after acquiring an additional 82 shares during the quarter. Simon Quick Advisors LLC’s holdings in Trane Technologies were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Atomi Financial Group Inc. increased its stake in Trane Technologies by 4.5% during the fourth quarter. Atomi Financial Group Inc. now owns 1,781 shares of the company’s stock valued at $658,000 after purchasing an additional 76 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Trane Technologies by 31.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 29,057 shares of the company’s stock valued at $10,733,000 after buying an additional 6,910 shares during the period. Mitchell & Pahl Private Wealth LLC boosted its holdings in shares of Trane Technologies by 3.1% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 3,385 shares of the company’s stock valued at $1,250,000 after buying an additional 103 shares during the period. Ballentine Partners LLC grew its position in shares of Trane Technologies by 11.5% during the 4th quarter. Ballentine Partners LLC now owns 2,952 shares of the company’s stock valued at $1,090,000 after buying an additional 304 shares during the last quarter. Finally, Diversify Advisory Services LLC raised its stake in Trane Technologies by 49.9% during the fourth quarter. Diversify Advisory Services LLC now owns 1,505 shares of the company’s stock worth $567,000 after acquiring an additional 501 shares during the period. 82.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TT shares. Citigroup decreased their target price on Trane Technologies from $478.00 to $476.00 and set a “buy” rating for the company in a research note on Monday, January 13th. JPMorgan Chase & Co. lowered their price objective on Trane Technologies from $390.00 to $387.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Hsbc Global Res cut Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. UBS Group started coverage on shares of Trane Technologies in a research report on Wednesday, November 13th. They set a “buy” rating and a $500.00 price target for the company. Finally, Wells Fargo & Company cut their price objective on shares of Trane Technologies from $390.00 to $380.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Trane Technologies presently has an average rating of “Hold” and an average price target of $420.64.

Trane Technologies Price Performance

Shares of NYSE:TT opened at $400.46 on Friday. The stock’s 50 day moving average price is $394.68 and its 200 day moving average price is $374.85. 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 stock has a market cap of $90.11 billion, a price-to-earnings ratio of 37.15, a PEG ratio of 2.16 and a beta of 1.06. Trane Technologies plc has a 12 month low of $250.06 and a 12 month high of $422.00.

Trane Technologies (NYSE:TT) last announced its earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.14. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The business had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter last year, the business posted $2.79 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Equities research analysts anticipate that Trane Technologies plc will post 11.15 earnings per share for the current fiscal year.

Insider Transactions at Trane Technologies

In related news, SVP Mairead Magner sold 4,329 shares of the firm’s 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 sale, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.38% of the company’s stock.

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.