ST Germain D J Co. Inc. Grows Stake in Trane Technologies plc (NYSE:TT)

ST Germain D J Co. Inc. increased its holdings in shares of Trane Technologies plc (NYSE:TT) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,053 shares of the company’s stock after purchasing an additional 337 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Trane Technologies were worth $1,497,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Global Wealth Strategies & Associates purchased a new stake in shares of Trane Technologies during the fourth quarter worth about $26,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Trane Technologies during the third quarter worth about $27,000. DT Investment Partners LLC bought a new position in Trane Technologies during the third quarter valued at approximately $36,000. Quarry LP bought a new position in Trane Technologies during the second quarter valued at approximately $39,000. Finally, Pittenger & Anderson Inc. bought a new position in Trane Technologies during the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Citigroup increased their price target on Trane Technologies from $457.00 to $478.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Mizuho increased their price target on Trane Technologies from $325.00 to $400.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. HSBC lowered Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price target for the company. in a research note on Thursday, October 31st. Northcoast Research began coverage on Trane Technologies in a research note on Friday, November 22nd. They set a “buy” rating and a $500.00 price target for the company. Finally, Wells Fargo & Company lowered their price objective on Trane Technologies from $390.00 to $380.00 and set an “underweight” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $414.57.

Insider Buying and Selling

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was 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 directly owns 12,893 shares in the company, valued at $5,363,488. This trade represents a 25.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.38% of the stock is owned by corporate insiders.

Trane Technologies Price Performance

Shares of TT stock opened at $377.43 on Friday. Trane Technologies plc has a 52-week low of $242.49 and a 52-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. The firm has a market capitalization of $84.93 billion, a P/E ratio of 35.01, a P/E/G ratio of 2.38 and a beta of 1.06. The stock has a 50 day moving average price of $396.63 and a 200 day moving average price of $371.27.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.14. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The firm had revenue of $5.44 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same period last year, the company earned $2.79 EPS. Trane Technologies’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, sell-side analysts predict that Trane Technologies plc will post 11.13 earnings per share for the current year.

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.