CX Institutional Purchases 38 Shares of Trane Technologies plc (NYSE:TT)

CX Institutional lifted its holdings in Trane Technologies plc (NYSE:TT) by 2.9% during the 4th quarter, HoldingsChannel reports. The fund owned 1,330 shares of the company’s stock after acquiring an additional 38 shares during the quarter. CX Institutional’s holdings in Trane Technologies were worth $491,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Public Sector Pension Investment Board increased its position in shares of Trane Technologies by 65.8% in the second quarter. Public Sector Pension Investment Board now owns 8,572 shares of the company’s stock worth $2,820,000 after purchasing an additional 3,401 shares during the period. Daymark Wealth Partners LLC boosted its position in shares of Trane Technologies by 16.4% during the 2nd quarter. Daymark Wealth Partners LLC now owns 2,704 shares of the company’s stock worth $889,000 after acquiring an additional 380 shares in the last quarter. MBB Public Markets I LLC bought a new position in Trane Technologies in the second quarter valued at approximately $5,468,000. Scientech Research LLC bought a new stake in Trane Technologies during the second quarter worth $676,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Trane Technologies in the 2nd quarter valued at $14,835,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Mairead Magner sold 4,329 shares of the company’s 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 transaction, the senior vice president now owns 12,893 shares in the company, valued at approximately $5,363,488. This represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.38% of the company’s stock.

Trane Technologies Price Performance

Trane Technologies stock opened at $400.88 on Friday. The firm has a market cap of $90.21 billion, a P/E ratio of 37.19, a P/E/G ratio of 2.16 and a beta of 1.06. The stock’s 50 day moving average is $394.35 and its 200 day moving average is $375.50. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.22 and a quick ratio of 0.92. Trane Technologies plc has a one year low of $250.06 and a one year high of $422.00.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.14. The company had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.32 billion. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.79 EPS. As a group, research analysts expect that Trane Technologies plc will post 11.16 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TT shares. Hsbc Global Res downgraded Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Barclays increased their target price on shares of Trane Technologies from $440.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Citigroup decreased their price target on shares of Trane Technologies from $478.00 to $476.00 and set a “buy” rating on the stock in a report on Monday, January 13th. 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 objective for the company. Finally, 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 note on Thursday, October 17th. 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 company. According to data from MarketBeat.com, Trane Technologies currently has a consensus rating of “Hold” and an average target price of $420.64.

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.