Mitchell Mcleod Pugh & Williams Inc. Has $538,000 Stock Position in Trane Technologies plc (NYSE:TT)

Mitchell Mcleod Pugh & Williams Inc. lessened its holdings in Trane Technologies plc (NYSE:TT) by 37.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,457 shares of the company’s stock after selling 867 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Trane Technologies were worth $538,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TT. Diversify Advisory Services LLC boosted its holdings in Trane Technologies by 49.9% in the 4th quarter. Diversify Advisory Services LLC now owns 1,505 shares of the company’s stock valued at $567,000 after purchasing an additional 501 shares during the period. Grove Bank & Trust lifted its position in shares of Trane Technologies by 3.0% during the 4th quarter. Grove Bank & Trust now owns 3,951 shares of the company’s stock worth $1,459,000 after buying an additional 114 shares during the last quarter. Renaissance Investment Group LLC boosted its stake in shares of Trane Technologies by 7.6% in the 4th quarter. Renaissance Investment Group LLC now owns 25,461 shares of the company’s stock valued at $9,404,000 after purchasing an additional 1,801 shares in the last quarter. My Legacy Advisors LLC grew its stake in shares of Trane Technologies by 1.1% during the fourth quarter. My Legacy Advisors LLC now owns 5,130 shares of the company’s stock worth $1,978,000 after buying an additional 56 shares during the last quarter. Finally, Clarius Group LLC increased its holdings in Trane Technologies by 12.5% in the 4th quarter. Clarius Group LLC now owns 1,324 shares of the company’s stock worth $489,000 after purchasing an additional 147 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on TT. Barclays lifted their target price on shares of Trane Technologies from $440.00 to $500.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Mizuho lifted their price target on shares of Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Citigroup decreased their price objective on Trane Technologies from $478.00 to $476.00 and set a “buy” rating for the company in a report on Monday, January 13th. The Goldman Sachs Group upped 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, UBS Group began coverage on Trane Technologies in a research note on Wednesday, November 13th. They issued a “buy” rating and a $500.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Trane Technologies presently has an average rating of “Hold” and an average price target of $420.64.

Trane Technologies Stock Up 0.2 %

Trane Technologies stock opened at $389.48 on Tuesday. The stock has a fifty day moving average of $395.78 and a 200 day moving average of $373.81. The stock has a market cap of $87.64 billion, a PE ratio of 36.13, a price-to-earnings-growth ratio of 1.95 and a beta of 1.06. Trane Technologies plc has a one year low of $244.11 and a one year high of $422.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 1.22.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.14. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The firm had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the previous year, the firm posted $2.79 EPS. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, sell-side analysts predict that Trane Technologies plc will post 11.13 EPS for the current year.

Insider Activity at Trane Technologies

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the company’s 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.

Trane Technologies Company 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.