Fulcrum Capital LLC Sells 708 Shares of Trane Technologies plc (NYSE:TT)

Fulcrum Capital LLC trimmed its position in shares of Trane Technologies plc (NYSE:TT) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,883 shares of the company’s stock after selling 708 shares during the quarter. Trane Technologies accounts for approximately 3.2% of Fulcrum Capital LLC’s portfolio, making the stock its 8th largest holding. Fulcrum Capital LLC’s holdings in Trane Technologies were worth $15,469,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the stock in a transaction on 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

TT has been the topic of several recent analyst reports. HSBC cut shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 target price on the stock. in a research note on Thursday, October 31st. UBS Group assumed coverage on Trane Technologies in a research note on Wednesday, November 13th. They set a “buy” rating and a $500.00 price objective for the company. Citigroup decreased their target price on Trane Technologies from $478.00 to $476.00 and set a “buy” rating on the stock in a research note on Monday. The Goldman Sachs Group lifted their price target on Trane Technologies from $364.00 to $407.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company decreased their price objective on shares of Trane Technologies from $390.00 to $380.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. One equities research 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $414.43.

Trane Technologies Trading Down 0.1 %

Shares of NYSE:TT traded down $0.43 during midday trading on Monday, hitting $376.69. 562,558 shares of the stock traded hands, compared to its average volume of 1,110,358. 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 stock has a market capitalization of $84.76 billion, a PE ratio of 34.94, a P/E/G ratio of 2.38 and a beta of 1.06. Trane Technologies plc has a one year low of $242.81 and a one year high of $422.00. The business’s 50 day moving average is $396.63 and its two-hundred day moving average is $371.81.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 34.62% and a net margin of 12.73%. The business’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the business posted $2.79 EPS. As a group, research analysts forecast that Trane Technologies plc will post 11.13 earnings per share for the current 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.