Everpar Advisors LLC Sells 175 Shares of Trane Technologies plc (NYSE:TT)

Everpar Advisors LLC decreased its position in Trane Technologies plc (NYSE:TT) by 15.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 960 shares of the company’s stock after selling 175 shares during the quarter. Everpar Advisors LLC’s holdings in Trane Technologies were worth $355,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TT. MidAtlantic Capital Management Inc. bought a new position in shares of Trane Technologies in the 3rd quarter worth approximately $27,000. Global Wealth Strategies & Associates purchased a new stake in Trane Technologies during the fourth quarter valued at approximately $26,000. DT Investment Partners LLC bought a new position in Trane Technologies in the third quarter worth approximately $36,000. Pittenger & Anderson Inc. bought a new stake in shares of Trane Technologies during the 3rd quarter valued at $39,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Trane Technologies during the 3rd quarter valued at $44,000. 82.97% of the stock is currently owned by institutional investors.

Insider Transactions at Trane Technologies

In related news, SVP Mairead Magner sold 4,329 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 12,893 shares in the company, valued at approximately $5,363,488. The trade was a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.38% of the company’s stock.

Trane Technologies Trading Up 0.9 %

Shares of Trane Technologies stock opened at $388.89 on Friday. The firm’s 50-day moving average price is $396.35 and its 200 day moving average price is $372.59. Trane Technologies plc has a twelve month low of $242.81 and a twelve month high of $422.00. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $87.51 billion, a PE ratio of 36.08, a P/E/G ratio of 1.95 and a beta of 1.06.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $5.32 billion. During the same quarter in the prior year, the firm posted $2.79 earnings per share. Trane Technologies’s quarterly revenue was up 10.0% on a year-over-year basis. On average, sell-side analysts predict that Trane Technologies plc will post 11.13 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TT. UBS Group started coverage on Trane Technologies in a research note on Wednesday, November 13th. They set a “buy” rating and a $500.00 price objective for the company. Hsbc Global Res lowered Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Barclays lifted their price objective on shares of Trane Technologies from $440.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Robert W. Baird cut their target price on Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut their price target on shares of Trane Technologies from $390.00 to $387.00 and set a “neutral” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Trane Technologies currently has a consensus rating of “Hold” and a consensus price target 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.