Grimes & Company Inc. Has $1.66 Million Position in Trane Technologies plc (NYSE:TT)

Grimes & Company Inc. lifted its holdings in shares of Trane Technologies plc (NYSE:TT) by 0.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,492 shares of the company’s stock after purchasing an additional 37 shares during the period. Grimes & Company Inc.’s holdings in Trane Technologies were worth $1,659,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Cyndeo Wealth Partners LLC lifted its holdings in Trane Technologies by 2.7% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 9,042 shares of the company’s stock worth $3,340,000 after buying an additional 235 shares in the last quarter. Carr Financial Group Corp bought a new stake in shares of Trane Technologies during the fourth quarter worth $205,000. Gradient Investments LLC lifted its stake in shares of Trane Technologies by 78.4% during the fourth quarter. Gradient Investments LLC now owns 3,609 shares of the company’s stock valued at $1,333,000 after acquiring an additional 1,586 shares during the period. CX Institutional boosted its holdings in Trane Technologies by 2.9% in the fourth quarter. CX Institutional now owns 1,330 shares of the company’s stock valued at $491,000 after acquiring an additional 38 shares during the last quarter. Finally, Sound Income Strategies LLC increased its position in Trane Technologies by 1,314.3% in the fourth quarter. Sound Income Strategies LLC now owns 99 shares of the company’s stock worth $37,000 after purchasing an additional 92 shares during the period. 82.97% of the stock is owned by institutional investors.

Insider Activity at Trane Technologies

In related news, SVP Mairead Magner sold 4,329 shares of the stock in a transaction dated Wednesday, December 4th. The stock was 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.38% of the stock is currently owned by insiders.

Trane Technologies Stock Up 0.1 %

Shares of Trane Technologies stock opened at $400.88 on Friday. Trane Technologies plc has a 1 year low of $250.06 and a 1 year high of $422.00. 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 company has a market capitalization of $90.21 billion, a P/E ratio of 37.19, a price-to-earnings-growth ratio of 2.16 and a beta of 1.06. The business has a 50-day moving average of $394.35 and a two-hundred day moving average of $375.50.

Trane Technologies (NYSE:TT) last announced its earnings results on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $5.32 billion. During the same period last year, the company posted $2.79 EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, equities analysts predict that Trane Technologies plc will post 11.16 EPS for the current year.

Wall Street Analysts Forecast Growth

TT has been the topic of several recent research reports. Mizuho raised their target price on shares of Trane Technologies from $325.00 to $400.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Northcoast Research began coverage on shares of Trane Technologies in a report on Friday, November 22nd. They issued a “buy” rating and a $500.00 price objective on the stock. Citigroup lowered their target price on shares of Trane Technologies from $478.00 to $476.00 and set a “buy” rating for the company in a report on Monday, January 13th. Wells Fargo & Company cut 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, JPMorgan Chase & Co. decreased 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. One equities 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 stock. Based on data from MarketBeat, Trane Technologies presently has a consensus rating of “Hold” and an average target price of $420.64.

Trane Technologies Company 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.