Marathon Strategic Advisors LLC Sells 35 Shares of Trane Technologies plc (NYSE:TT)

Marathon Strategic Advisors LLC cut its position in Trane Technologies plc (NYSE:TT) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 671 shares of the company’s stock after selling 35 shares during the period. Marathon Strategic Advisors LLC’s holdings in Trane Technologies were worth $248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity

In related news, SVP Mairead Magner sold 4,329 shares of the company’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 directly owns 12,893 shares of the company’s stock, valued at $5,363,488. This represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.38% of the company’s stock.

Trane Technologies Stock Performance

TT stock opened at $399.35 on Thursday. Trane Technologies plc has a twelve month low of $249.21 and a twelve month high of $422.00. The firm has a market cap of $89.86 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 2.16 and a beta of 1.06. The business’s fifty day simple moving average is $394.68 and its two-hundred day simple moving average is $374.85. 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 posted its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, topping the consensus estimate of $3.23 by $0.14. The company had revenue of $5.44 billion for the quarter, compared to the consensus estimate 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 was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.79 EPS. Analysts predict that Trane Technologies plc will post 11.15 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on TT shares. Citigroup decreased their price objective on Trane Technologies from $478.00 to $476.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Barclays upped their price target on shares of Trane Technologies from $440.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. HSBC downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 target price on the stock. in a report on Thursday, October 31st. Northcoast Research assumed coverage on Trane Technologies in a research report on Friday, November 22nd. They issued a “buy” rating and a $500.00 price target for the company. Finally, Robert W. Baird decreased their price objective on Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Trane Technologies currently has a consensus rating of “Hold” and an average price target of $420.64.

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.