Carr Financial Group Corp Acquires New Position in Trane Technologies plc (NYSE:TT)

Carr Financial Group Corp acquired a new stake in Trane Technologies plc (NYSE:TT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 554 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds have also recently added to or reduced their stakes in TT. Public Sector Pension Investment Board increased its holdings in Trane Technologies by 65.8% in the second quarter. Public Sector Pension Investment Board now owns 8,572 shares of the company’s stock valued at $2,820,000 after buying an additional 3,401 shares in the last quarter. AQR Capital Management LLC increased its holdings in Trane Technologies by 42.1% in the second quarter. AQR Capital Management LLC now owns 256,352 shares of the company’s stock valued at $84,322,000 after buying an additional 75,888 shares in the last quarter. APG Asset Management N.V. increased its holdings in Trane Technologies by 3.8% in the second quarter. APG Asset Management N.V. now owns 394,515 shares of the company’s stock valued at $121,080,000 after buying an additional 14,462 shares in the last quarter. Daymark Wealth Partners LLC increased its holdings in Trane Technologies by 16.4% in the second quarter. Daymark Wealth Partners LLC now owns 2,704 shares of the company’s stock valued at $889,000 after buying an additional 380 shares in the last quarter. Finally, MBB Public Markets I LLC purchased a new position in Trane Technologies in the second quarter valued at about $5,468,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Activity 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 transaction 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Robert W. Baird dropped their price objective on shares of Trane Technologies from $408.00 to $404.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Mizuho raised their price objective on shares of Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Northcoast Research assumed coverage on shares of Trane Technologies in a research note on Friday, November 22nd. They set a “buy” rating and a $500.00 price objective for the company. JPMorgan Chase & Co. dropped their price objective on shares of Trane Technologies from $390.00 to $387.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Finally, The Goldman Sachs Group raised their price objective on shares of Trane Technologies from $364.00 to $407.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. One investment 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $420.64.

Trane Technologies Trading Up 0.1 %

Trane Technologies stock opened at $400.88 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $394.49 and a two-hundred day moving average price of $375.03. The firm has a market capitalization of $90.21 billion, a price-to-earnings ratio of 37.19, a PEG ratio of 2.16 and a beta of 1.06. Trane Technologies plc has a 52-week low of $250.06 and a 52-week high of $422.00.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.14. The company had revenue of $5.44 billion during the quarter, compared to analyst estimates of $5.32 billion. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.79 EPS. Sell-side analysts expect that Trane Technologies plc will post 11.16 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.