Pines Wealth Management LLC Purchases New Shares in Trane Technologies plc (NYSE:TT)

Pines Wealth Management LLC purchased a new position in Trane Technologies plc (NYSE:TT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,201 shares of the company’s stock, valued at approximately $453,000.

A number of other large investors also recently added to or reduced their stakes in the stock. MidAtlantic Capital Management Inc. purchased a new stake in shares of Trane Technologies during the third quarter worth about $27,000. Global Wealth Strategies & Associates acquired a new stake in Trane Technologies in the 4th quarter worth about $26,000. DT Investment Partners LLC purchased a new stake in Trane Technologies during the 3rd quarter worth approximately $36,000. Pittenger & Anderson Inc. acquired a new position in shares of Trane Technologies during the third quarter valued at approximately $39,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Trane Technologies in the third quarter valued at approximately $44,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Trane Technologies

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

Trane Technologies Stock Up 1.5 %

TT stock opened at $382.60 on Wednesday. The firm has a market cap of $86.09 billion, a PE ratio of 35.49, a PEG 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 company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 1.22. The firm’s 50 day moving average price is $396.47 and its 200-day moving average price is $372.50.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, beating the consensus estimate of $3.23 by $0.14. The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.32 billion. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.79 EPS. On average, equities research analysts anticipate that Trane Technologies plc will post 11.13 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on TT shares. UBS Group assumed coverage on Trane Technologies in a research report on Wednesday, November 13th. They set a “buy” rating and a $500.00 price target for the company. Royal Bank of Canada upped their target price on shares of Trane Technologies from $390.00 to $395.00 and gave the stock a “sector perform” rating in a report on Friday, January 3rd. Hsbc Global Res downgraded shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Northcoast Research initiated coverage on shares of Trane Technologies in a research note on Friday, November 22nd. They set a “buy” rating and a $500.00 price objective for the company. Finally, Wells Fargo & Company decreased their target price on shares of Trane Technologies from $390.00 to $380.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th. One 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. According to MarketBeat.com, Trane Technologies has an average rating of “Hold” and an average target price of $414.43.

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.