Diversified Trust Co Raises Stake in Trane Technologies plc (NYSE:TT)

Diversified Trust Co lifted its stake in shares of Trane Technologies plc (NYSE:TT) by 58.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,253 shares of the company’s stock after acquiring an additional 1,943 shares during the period. Diversified Trust Co’s holdings in Trane Technologies were worth $1,941,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Asset Dedication LLC acquired a new stake in Trane Technologies during the second quarter worth $81,000. Caprock Group LLC increased its position in shares of Trane Technologies by 93.3% during the 2nd quarter. Caprock Group LLC now owns 3,863 shares of the company’s stock worth $1,271,000 after purchasing an additional 1,865 shares during the last quarter. Ballentine Partners LLC raised its holdings in Trane Technologies by 17.5% in the 2nd quarter. Ballentine Partners LLC now owns 2,346 shares of the company’s stock valued at $772,000 after buying an additional 349 shares during the period. Ashton Thomas Private Wealth LLC lifted its position in Trane Technologies by 48.5% in the second quarter. Ashton Thomas Private Wealth LLC now owns 2,547 shares of the company’s stock valued at $838,000 after buying an additional 832 shares during the last quarter. Finally, Wedbush Securities Inc. lifted its position in Trane Technologies by 321.9% in the second quarter. Wedbush Securities Inc. now owns 7,481 shares of the company’s stock valued at $2,461,000 after buying an additional 5,708 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TT. Royal Bank of Canada lifted their price target on shares of Trane Technologies from $390.00 to $395.00 and gave the company a “sector perform” rating in a research report on Friday, January 3rd. Citigroup lifted their target price on shares of Trane Technologies from $457.00 to $478.00 and gave the company a “buy” rating in a report on Monday, December 9th. 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 on the stock. HSBC cut Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price objective for the company. in a research note on Thursday, October 31st. Finally, Wells Fargo & Company decreased their target price on Trane Technologies from $390.00 to $380.00 and set an “underweight” rating on the stock in a research note on Tuesday. One 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. Based on data from MarketBeat.com, Trane Technologies has an average rating of “Hold” and a consensus price target of $414.57.

Insider Buying and Selling

In related news, SVP Mairead Magner sold 4,329 shares of Trane Technologies 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is owned by company insiders.

Trane Technologies Price Performance

Shares of TT opened at $380.19 on Wednesday. The firm has a market capitalization of $85.55 billion, a price-to-earnings ratio of 35.27, a PEG ratio of 2.38 and a beta of 1.06. The firm’s fifty day simple moving average is $396.08 and its 200-day simple moving average is $370.78. Trane Technologies plc has a twelve month low of $239.03 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.

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, beating analysts’ consensus estimates of $3.23 by $0.14. The company had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.32 billion. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. Trane Technologies’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm earned $2.79 earnings per share. Equities analysts forecast that Trane Technologies plc will post 11.13 EPS for the current fiscal year.

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.