Trane Technologies plc (NYSE:TT) Stock Holdings Lessened by Monte Financial Group LLC

Monte Financial Group LLC trimmed its stake in Trane Technologies plc (NYSE:TT) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,985 shares of the company’s stock after selling 72 shares during the quarter. Monte Financial Group LLC’s holdings in Trane Technologies were worth $1,102,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TT. Grimes & Company Inc. raised its position in Trane Technologies by 0.8% in the fourth quarter. Grimes & Company Inc. now owns 4,492 shares of the company’s stock worth $1,659,000 after acquiring an additional 37 shares in the last quarter. Cyndeo Wealth Partners LLC lifted its stake in Trane Technologies by 2.7% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 9,042 shares of the company’s stock worth $3,340,000 after acquiring an additional 235 shares in the last quarter. Carr Financial Group Corp acquired a new stake in shares of Trane Technologies during the fourth quarter worth approximately $205,000. Gradient Investments LLC increased its stake in shares of Trane Technologies by 78.4% in the fourth quarter. Gradient Investments LLC now owns 3,609 shares of the company’s stock worth $1,333,000 after acquiring an additional 1,586 shares during the last quarter. Finally, CX Institutional raised its position in Trane Technologies by 2.9% during the fourth quarter. CX Institutional now owns 1,330 shares of the company’s stock valued at $491,000 after acquiring an additional 38 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Citigroup dropped their price target on shares of Trane Technologies from $478.00 to $476.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Barclays increased their price target 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. The Goldman Sachs Group lifted their price objective on Trane Technologies from $364.00 to $407.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. HSBC lowered Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price objective on the stock. in a research note on Thursday, October 31st. Finally, Wells Fargo & Company dropped their price objective on shares of Trane Technologies from $390.00 to $380.00 and set an “underweight” rating for the company in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $420.64.

Trane Technologies Trading Up 0.1 %

NYSE TT opened at $400.88 on Friday. Trane Technologies plc has a one year low of $250.06 and a one year high of $422.00. The stock has a market capitalization of $90.21 billion, a P/E ratio of 37.19, a P/E/G ratio of 2.16 and a beta of 1.06. The business has a 50 day simple moving average of $394.35 and a 200 day simple moving average of $375.50. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.22 and a quick ratio of 0.92.

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, topping analysts’ consensus estimates of $3.23 by $0.14. The business had revenue of $5.44 billion during 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 quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.79 EPS. Research analysts expect that Trane Technologies plc will post 11.16 earnings per share for the current year.

Insider Buying and Selling

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of Trane Technologies stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 12,893 shares of the company’s stock, valued at $5,363,488. The trade was a 25.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.38% of the stock is currently owned by insiders.

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.