Oak Thistle LLC Invests $489,000 in Trane Technologies plc (NYSE:TT)

Oak Thistle LLC bought a new position in Trane Technologies plc (NYSE:TT) in the fourth quarter, Holdings Channel.com reports. The firm bought 1,323 shares of the company’s stock, valued at approximately $489,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TT. Tidal Investments LLC boosted its holdings in shares of Trane Technologies by 22.2% in the 3rd quarter. Tidal Investments LLC now owns 15,827 shares of the company’s stock valued at $6,152,000 after acquiring an additional 2,874 shares during the last quarter. Synovus Financial Corp lifted its position in Trane Technologies by 16.8% during the third quarter. Synovus Financial Corp now owns 8,828 shares of the company’s stock valued at $3,431,000 after purchasing an additional 1,271 shares during the period. Albar Capital Ltd purchased a new stake in Trane Technologies in the second quarter valued at $14,556,000. GDS Wealth Management grew its position in Trane Technologies by 4.3% during the 3rd quarter. GDS Wealth Management now owns 51,767 shares of the company’s stock worth $20,123,000 after purchasing an additional 2,124 shares during the period. Finally, King Wealth Management Group purchased a new position in shares of Trane Technologies during the 3rd quarter valued at about $1,879,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Trading Up 0.9 %

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

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $5.32 billion. During the same period in the previous year, the business posted $2.79 earnings per share. Trane Technologies’s quarterly revenue was up 10.0% on a year-over-year basis. Research analysts forecast that Trane Technologies plc will post 11.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. Mizuho raised their target price on Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. decreased their target price on shares of Trane Technologies from $390.00 to $387.00 and set a “neutral” rating for the company in a research note on Wednesday. UBS Group assumed coverage on shares of Trane Technologies in a research report on Wednesday, November 13th. They set a “buy” rating and a $500.00 price target on the stock. Citigroup lowered their target price on shares of Trane Technologies from $478.00 to $476.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Wells Fargo & Company reduced their price target on Trane Technologies from $390.00 to $380.00 and set an “underweight” rating for the company in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $420.64.

Insider Activity at Trane Technologies

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the company’s 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 completion of the sale, the senior vice president now directly owns 12,893 shares in the company, valued at $5,363,488. This represents a 25.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.38% of the company’s stock.

Trane Technologies 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.