Northeast Financial Group Inc. Has $265,000 Position in Trane Technologies plc (NYSE:TT)

Northeast Financial Group Inc. raised its stake in Trane Technologies plc (NYSE:TT) by 18.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 717 shares of the company’s stock after buying an additional 114 shares during the quarter. Northeast Financial Group Inc.’s holdings in Trane Technologies were worth $265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Global Wealth Strategies & Associates acquired a new stake in shares of Trane Technologies in the 4th quarter valued at $26,000. MidAtlantic Capital Management Inc. acquired a new stake in Trane Technologies in the third quarter valued at about $27,000. DT Investment Partners LLC bought a new position in Trane Technologies in the third quarter valued at about $36,000. Sound Income Strategies LLC grew 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 valued at $37,000 after acquiring an additional 92 shares during the last quarter. Finally, Quarry LP acquired a new position in Trane Technologies during the second quarter worth about $39,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Activity

In related news, SVP Mairead Magner sold 4,329 shares of the stock in a transaction on 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 directly owns 12,893 shares in the company, valued at $5,363,488. This trade represents a 25.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.38% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TT has been the topic of a number of research analyst reports. UBS Group assumed coverage on shares of Trane Technologies in a research note on Wednesday, November 13th. They issued a “buy” rating and a $500.00 price target on the stock. Hsbc Global Res cut shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Citigroup dropped their price target 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. Royal Bank of Canada boosted their price objective on Trane Technologies from $390.00 to $395.00 and gave the stock a “sector perform” rating in a research report on Friday, January 3rd. Finally, Melius cut Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 target price for the company. in a report on Tuesday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $417.81.

Trane Technologies Stock Up 1.3 %

Shares of NYSE TT opened at $368.72 on Thursday. The company has a market capitalization of $82.97 billion, a P/E ratio of 33.75, a price-to-earnings-growth ratio of 2.16 and a beta of 1.06. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 1.22. Trane Technologies plc has a 52-week low of $250.79 and a 52-week high of $422.00. The company’s 50 day moving average price is $391.62 and its 200-day moving average price is $376.27.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, January 30th. The company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.52 by $0.09. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. Equities analysts forecast that Trane Technologies plc will post 11.16 earnings per share for the current year.

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.