CWA Asset Management Group LLC Sells 41 Shares of Trane Technologies plc (NYSE:TT)

CWA Asset Management Group LLC cut its stake in Trane Technologies plc (NYSE:TT) by 4.1% during the fourth quarter, HoldingsChannel reports. The firm owned 952 shares of the company’s stock after selling 41 shares during the period. CWA Asset Management Group LLC’s holdings in Trane Technologies were worth $352,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TT. Global Wealth Strategies & Associates bought a new position in Trane Technologies in the 4th quarter worth about $26,000. MidAtlantic Capital Management Inc. bought a new position in Trane Technologies in the third quarter worth approximately $27,000. DT Investment Partners LLC bought a new position in Trane Technologies in the third quarter worth approximately $36,000. Quarry LP bought a new stake in Trane Technologies during the 2nd quarter valued at $39,000. Finally, Pittenger & Anderson Inc. purchased a new stake in shares of Trane Technologies in the 3rd quarter worth $39,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on TT shares. Robert W. Baird cut their price target on Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Royal Bank of Canada boosted their price target on shares of Trane Technologies from $390.00 to $395.00 and gave the company a “sector perform” rating in a report on Friday, January 3rd. Mizuho upped their price target on shares of Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. UBS Group initiated coverage on shares of Trane Technologies in a report on Wednesday, November 13th. They set a “buy” rating and a $500.00 price objective on the stock. Finally, Hsbc Global Res lowered Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $414.57.

Insider Buying and Selling at Trane Technologies

In related news, SVP Mairead Magner sold 4,329 shares of the stock in a transaction that occurred on 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.38% of the company’s stock.

Trane Technologies Stock Performance

TT opened at $386.19 on Thursday. The firm’s 50-day moving average price is $396.29 and its 200-day moving average price is $370.89. The company has a market cap of $86.90 billion, a P/E ratio of 35.82, a price-to-earnings-growth ratio of 2.38 and a beta of 1.06. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 0.57. Trane Technologies plc has a 52-week low of $240.51 and a 52-week high of $422.00.

Trane Technologies (NYSE:TT) last posted 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. The business 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 business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the company posted $2.79 earnings per share. As a group, equities analysts anticipate that Trane Technologies plc will post 11.13 EPS for the current fiscal year.

Trane Technologies 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.