Gradient Investments LLC Has $1.33 Million Stock Holdings in Trane Technologies plc (NYSE:TT)

Gradient Investments LLC grew its holdings in shares of Trane Technologies plc (NYSE:TT) by 78.4% during the fourth quarter, Holdings Channel reports. The firm owned 3,609 shares of the company’s stock after purchasing an additional 1,586 shares during the period. Gradient Investments LLC’s holdings in Trane Technologies were worth $1,333,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TT. CX Institutional lifted its holdings in Trane Technologies by 2.9% in the 4th quarter. CX Institutional now owns 1,330 shares of the company’s stock worth $491,000 after purchasing an additional 38 shares during the last quarter. Sound Income Strategies LLC raised its position in shares of Trane Technologies by 1,314.3% in the fourth quarter. Sound Income Strategies LLC now owns 99 shares of the company’s stock valued at $37,000 after purchasing an additional 92 shares during the period. RFG Advisory LLC lifted its stake in shares of Trane Technologies by 24.1% in the fourth quarter. RFG Advisory LLC now owns 763 shares of the company’s stock worth $282,000 after buying an additional 148 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of Trane Technologies by 60.0% during the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock worth $2,288,000 after buying an additional 2,323 shares during the period. Finally, Montecito Bank & Trust grew its stake in Trane Technologies by 7.4% in the 4th quarter. Montecito Bank & Trust now owns 8,663 shares of the company’s stock valued at $3,200,000 after buying an additional 595 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analysts Set New Price Targets

TT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Trane Technologies from $390.00 to $387.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. UBS Group initiated coverage on Trane Technologies in a research note on Wednesday, November 13th. They set a “buy” rating and a $500.00 target price for the company. HSBC lowered Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price target for the company. in a report on Thursday, October 31st. Royal Bank of Canada raised their price objective on shares of Trane Technologies from $390.00 to $395.00 and gave the stock a “sector perform” rating in a research note on Friday, January 3rd. Finally, The Goldman Sachs Group increased their price target on shares of Trane Technologies from $364.00 to $407.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Trane Technologies presently has a consensus rating of “Hold” and a consensus target price of $420.64.

Trane Technologies Stock Performance

NYSE:TT opened at $400.88 on Friday. The firm has a market capitalization of $90.21 billion, a PE ratio of 37.19, a price-to-earnings-growth ratio of 2.16 and a beta of 1.06. 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 plc has a 12-month low of $250.06 and a 12-month high of $422.00. The firm has a 50-day moving average price of $394.35 and a 200 day moving average price of $375.50.

Trane Technologies (NYSE:TT) last issued its earnings results 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 analysts’ expectations of $5.32 billion. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. Trane Technologies’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 anticipate that Trane Technologies plc will post 11.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 12,893 shares of the company’s stock, valued at approximately $5,363,488. This represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.38% of the company’s stock.

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.