Aspire Private Capital LLC Has $1.43 Million Stock Holdings in Trane Technologies plc (NYSE:TT)

Aspire Private Capital LLC lowered its position in Trane Technologies plc (NYSE:TT) by 1.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,874 shares of the company’s stock after selling 38 shares during the period. Aspire Private Capital LLC’s holdings in Trane Technologies were worth $1,431,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Global Wealth Strategies & Associates bought a new stake in Trane Technologies during the fourth quarter valued at $26,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Trane Technologies during the 3rd quarter valued at about $27,000. DT Investment Partners LLC acquired a new stake in Trane Technologies during the third quarter worth approximately $36,000. Quarry LP acquired a new position in Trane Technologies in the second quarter valued at approximately $39,000. Finally, Pittenger & Anderson Inc. bought a new position in shares of Trane Technologies during the 3rd quarter worth approximately $39,000. 82.97% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was 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 directly owns 12,893 shares in the company, valued at $5,363,488. This 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 this hyperlink. 0.38% of the stock is owned by corporate insiders.

Trane Technologies Stock Performance

TT stock opened at $397.02 on Wednesday. The business has a 50 day moving average of $395.28 and a 200-day moving average of $374.22. The firm has a market cap of $89.34 billion, a PE ratio of 36.83, a P/E/G ratio of 2.11 and a beta of 1.06. Trane Technologies plc has a 12-month low of $249.21 and a 12-month high of $422.00. 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 (NYSE:TT) last released its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, beating the consensus estimate of $3.23 by $0.14. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The business had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the prior year, the firm earned $2.79 earnings per share. The company’s revenue was up 10.0% compared to the same quarter last year. As a group, sell-side analysts expect that Trane Technologies plc will post 11.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Citigroup dropped their target price on shares of Trane Technologies from $478.00 to $476.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Northcoast Research initiated coverage on Trane Technologies in a research note on Friday, November 22nd. They issued a “buy” rating and a $500.00 target price for the company. UBS Group initiated coverage on Trane Technologies in a research note on Wednesday, November 13th. They set a “buy” rating and a $500.00 price target on the stock. The Goldman Sachs Group raised their price objective on Trane Technologies from $364.00 to $407.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, Mizuho increased their target price on Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $420.64.

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.