Trane Technologies plc (NYSE:TT) Shares Sold by Foresight Group Ltd Liability Partnership

Foresight Group Ltd Liability Partnership cut its holdings in shares of Trane Technologies plc (NYSE:TT) by 5.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,688 shares of the company’s stock after selling 140 shares during the period. Trane Technologies comprises approximately 0.6% of Foresight Group Ltd Liability Partnership’s investment portfolio, making the stock its 22nd biggest holding. Foresight Group Ltd Liability Partnership’s holdings in Trane Technologies were worth $997,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TT. Global Wealth Strategies & Associates acquired a new position in shares of Trane Technologies in the 4th quarter valued at about $26,000. MidAtlantic Capital Management Inc. acquired a new position in Trane Technologies in the third quarter valued at approximately $27,000. DT Investment Partners LLC purchased a new stake in Trane Technologies in the 3rd quarter worth approximately $36,000. Quarry LP acquired a new stake in shares of Trane Technologies during the 2nd quarter worth approximately $39,000. Finally, Pittenger & Anderson Inc. purchased a new position in shares of Trane Technologies during the 3rd quarter valued at approximately $39,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Trane Technologies Stock Up 0.9 %

Shares of NYSE TT opened at $388.89 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average is $396.35 and its two-hundred day moving average is $372.59. Trane Technologies plc has a 52-week low of $242.81 and a 52-week high of $422.00. The firm has a market cap of $87.51 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 1.95 and a beta of 1.06.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) 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 firm had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the previous year, the business earned $2.79 EPS. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. Research analysts predict that Trane Technologies plc will post 11.13 EPS for the current year.

Insider Buying and Selling

In other Trane Technologies 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 sale, the senior vice president now owns 12,893 shares of the company’s stock, 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 can be accessed through this link. 0.38% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on TT shares. Northcoast Research assumed coverage on shares of Trane Technologies in a research report on Friday, November 22nd. They set a “buy” rating and a $500.00 price target on the stock. JPMorgan Chase & Co. dropped 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. UBS Group started coverage on Trane Technologies in a research note on Wednesday, November 13th. They set a “buy” rating and a $500.00 target price for the company. HSBC cut shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price target on the stock. in a research note on Thursday, October 31st. Finally, Royal Bank of Canada increased their price objective on shares of Trane Technologies from $390.00 to $395.00 and gave the company a “sector perform” rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $420.64.

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.