Pflug Koory LLC decreased its holdings in Trane Technologies plc (NYSE:TT – Free Report) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,274 shares of the company’s stock after selling 72 shares during the quarter. Pflug Koory LLC’s holdings in Trane Technologies were worth $1,579,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. MidAtlantic Capital Management Inc. acquired a new position in Trane Technologies during the 3rd quarter worth approximately $27,000. Global Wealth Strategies & Associates acquired a new position in shares of Trane Technologies during the fourth quarter worth $26,000. DT Investment Partners LLC purchased a new position in Trane Technologies in the third quarter valued at $36,000. Sound Income Strategies LLC lifted its holdings in Trane Technologies by 1,314.3% during the 4th quarter. Sound Income Strategies LLC now owns 99 shares of the company’s stock worth $37,000 after buying an additional 92 shares during the last quarter. Finally, Pittenger & Anderson Inc. acquired a new position in shares of Trane Technologies during the 3rd quarter worth about $39,000. Institutional investors and hedge funds own 82.97% of the company’s stock.
Insider Activity at Trane Technologies
In related news, SVP Mairead Magner sold 4,329 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were 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 owns 12,893 shares in the company, valued at $5,363,488. This trade 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 available at this link. Company insiders own 0.38% of the company’s stock.
Trane Technologies Stock Performance
Trane Technologies (NYSE:TT – Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.14. The firm had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.79 earnings per share. On average, sell-side analysts expect that Trane Technologies plc will post 11.16 EPS for the current year.
Analyst Ratings Changes
Several research firms recently weighed in on TT. Robert W. Baird decreased their target price on Trane Technologies from $408.00 to $404.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. UBS Group began coverage on shares of Trane Technologies in a report on Wednesday, November 13th. They issued a “buy” rating and a $500.00 target price for the company. HSBC cut shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price target for the company. in a research report on Thursday, October 31st. JPMorgan Chase & Co. dropped their price objective on Trane Technologies from $390.00 to $387.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Finally, Hsbc Global Res downgraded Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $420.64.
Check Out Our Latest Research Report on Trane Technologies
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.
Featured Stories
- Five stocks we like better than Trane Technologies
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- MarketBeat Week in Review – 01/20 – 01/24
- What is the S&P/TSX Index?
- Netflix Stock Positioned for Explosive Growth in 2025
- What Are Dividends? Buy the Best Dividend Stocks
- Why Energy Transfer Stock Could Soar to New Highs in 2025
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.