Pines Wealth Management LLC Takes Position in Trane Technologies plc (NYSE:TT)

Pines Wealth Management LLC acquired a new position in shares of Trane Technologies plc (NYSE:TT) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,201 shares of the company’s stock, valued at approximately $453,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TT. Global Wealth Strategies & Associates purchased a new position in Trane Technologies in the fourth quarter worth $26,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Trane Technologies in the 3rd quarter worth $27,000. DT Investment Partners LLC purchased a new position in Trane Technologies during the 3rd quarter worth $36,000. Quarry LP acquired a new position in Trane Technologies during the 2nd quarter valued at about $39,000. Finally, Pittenger & Anderson Inc. purchased a new stake in Trane Technologies in the third quarter valued at about $39,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TT. Royal Bank of Canada boosted their price target on Trane Technologies from $390.00 to $395.00 and gave the stock a “sector perform” rating in a research note on Friday, January 3rd. Mizuho boosted their target price on shares of Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Citigroup decreased their price target on shares of Trane Technologies from $478.00 to $476.00 and set a “buy” rating for the company in a report on Monday. HSBC downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price objective for the company. in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group upped 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $414.43.

Trane Technologies Price Performance

Shares of TT opened at $382.60 on Wednesday. The business’s 50-day moving average is $396.47 and its two-hundred day moving average is $372.50. The company has a market capitalization of $86.09 billion, a P/E ratio of 35.49, a P/E/G ratio of 2.38 and a beta of 1.06. Trane Technologies plc has a fifty-two week low of $242.81 and a fifty-two week high of $422.00. 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 (NYSE:TT) last posted 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. The firm had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.32 billion. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. Trane Technologies’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the company earned $2.79 earnings per share. Research analysts predict that Trane Technologies plc will post 11.13 earnings per share for the current year.

Insider Transactions at Trane Technologies

In other news, SVP Mairead Magner sold 4,329 shares of the stock in a transaction dated 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 directly owns 12,893 shares of the company’s stock, valued at $5,363,488. This represents a 25.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.38% of the company’s stock.

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.