Wedmont Private Capital grew its stake in Trane Technologies plc (NYSE:TT – Free Report) by 4.8% in the fourth quarter, Holdings Channel reports. The fund owned 2,983 shares of the company’s stock after purchasing an additional 136 shares during the period. Wedmont Private Capital’s holdings in Trane Technologies were worth $1,125,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Trust Point Inc. increased its position in Trane Technologies by 3.1% during the third quarter. Trust Point Inc. now owns 897 shares of the company’s stock worth $349,000 after purchasing an additional 27 shares during the last quarter. Cobblestone Capital Advisors LLC NY increased its holdings in shares of Trane Technologies by 1.8% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 1,490 shares of the company’s stock worth $579,000 after buying an additional 27 shares during the last quarter. First Pacific Financial raised its position in shares of Trane Technologies by 1.1% during the 3rd quarter. First Pacific Financial now owns 2,674 shares of the company’s stock valued at $1,039,000 after buying an additional 28 shares during the period. Wescott Financial Advisory Group LLC lifted its holdings in Trane Technologies by 1.7% in the third quarter. Wescott Financial Advisory Group LLC now owns 1,723 shares of the company’s stock valued at $670,000 after acquiring an additional 28 shares during the last quarter. Finally, Greenleaf Trust grew its position in Trane Technologies by 0.5% in the third quarter. Greenleaf Trust now owns 5,852 shares of the company’s stock worth $2,275,000 after acquiring an additional 29 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.
Trane Technologies Stock Performance
Shares of TT opened at $376.88 on Tuesday. The stock has a 50-day simple moving average of $396.63 and a 200-day simple moving average of $372.12. 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 1 year low of $242.81 and a 1 year high of $422.00. The stock has a market capitalization of $84.81 billion, a PE ratio of 34.96, a PEG ratio of 2.38 and a beta of 1.06.
Analyst Upgrades and Downgrades
A number of research firms have commented on TT. The Goldman Sachs Group lifted 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. HSBC cut shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 target price on the stock. in a research report on Thursday, October 31st. Barclays boosted their price target on shares of Trane Technologies from $440.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Robert W. Baird lowered their price objective on shares of Trane Technologies from $408.00 to $404.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Finally, Wells Fargo & Company cut their target price on 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 research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Trane Technologies presently has an average rating of “Hold” and an average target price of $414.43.
Check Out Our Latest Research Report on TT
Insider Activity at Trane Technologies
In other news, SVP Mairead Magner sold 4,329 shares of the company’s 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 of the company’s stock, valued at approximately $5,363,488. This represents a 25.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.38% of the stock is currently owned by corporate insiders.
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.
Recommended Stories
- Five stocks we like better than Trane Technologies
- What is Put Option Volume?
- 2 Stocks to Gain From Trump Universal Tariffs on Critical Imports
- Investing in Travel Stocks Benefits
- Rigetti Computing, Inc.: Buy, Sell, or Hold for 2025
- Consumer Discretionary Stocks Explained
- Delta Can Fly to New Highs in 2025; Here’s Why
Want to see what other hedge funds are holding TT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trane Technologies plc (NYSE:TT – Free Report).
Receive News & Ratings for Trane Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trane Technologies and related companies with MarketBeat.com's FREE daily email newsletter.