Cottonwood Capital Advisors LLC Decreases Stock Position in Trane Technologies plc (NYSE:TT)

Cottonwood Capital Advisors LLC trimmed its position in shares of Trane Technologies plc (NYSE:TT) by 8.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 831 shares of the company’s stock after selling 79 shares during the quarter. Cottonwood Capital Advisors LLC’s holdings in Trane Technologies were worth $307,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Global Wealth Strategies & Associates purchased a new position in shares of Trane Technologies during the 4th quarter worth about $26,000. MidAtlantic Capital Management Inc. purchased a new stake in Trane Technologies in the 3rd quarter valued at about $27,000. DT Investment Partners LLC bought a new position in Trane Technologies in the 3rd quarter worth about $36,000. Sound Income Strategies LLC increased its position in shares of Trane Technologies by 1,314.3% during the fourth quarter. Sound Income Strategies LLC now owns 99 shares of the company’s stock worth $37,000 after acquiring an additional 92 shares during the period. Finally, Quarry LP bought a new stake in shares of Trane Technologies during the second quarter valued at approximately $39,000. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Up 0.1 %

Shares of NYSE TT opened at $400.88 on Friday. The stock has a market capitalization of $90.21 billion, a price-to-earnings ratio of 37.19, a price-to-earnings-growth 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. The firm has a 50-day moving average price of $394.49 and a 200 day moving average price of $375.03. 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 earnings results on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.14. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The company had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the previous year, the business earned $2.79 earnings per share. Trane Technologies’s quarterly revenue was up 10.0% compared to the same quarter last year. Equities research analysts anticipate that Trane Technologies plc will post 11.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TT. The Goldman Sachs Group increased their price objective on Trane Technologies from $364.00 to $407.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Mizuho boosted their target price 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. Northcoast Research began coverage on shares of Trane Technologies in a research report on Friday, November 22nd. They issued a “buy” rating and a $500.00 price objective on the stock. Hsbc Global Res cut shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, HSBC lowered shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price target on the stock. in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $420.64.

Insider Activity at Trane Technologies

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total transaction of $1,800,864.00. Following the completion of the transaction, the senior vice president now owns 12,893 shares of the company’s stock, valued at approximately $5,363,488. This trade represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.38% of the stock is owned by corporate insiders.

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.