Wealthcare Advisory Partners LLC Buys 346 Shares of Trane Technologies plc (NYSE:TT)

Wealthcare Advisory Partners LLC boosted its stake in Trane Technologies plc (NYSE:TT) by 8.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,549 shares of the company’s stock after purchasing an additional 346 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Trane Technologies were worth $1,680,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TT. Oppenheimer Asset Management Inc. purchased a new position in shares of Trane Technologies in the second quarter valued at about $225,000. Inspire Investing LLC purchased a new position in Trane Technologies during the 2nd quarter valued at about $767,000. Intech Investment Management LLC raised its position in Trane Technologies by 3.4% during the 2nd quarter. Intech Investment Management LLC now owns 34,805 shares of the company’s stock valued at $11,448,000 after purchasing an additional 1,139 shares during the last quarter. Ieq Capital LLC lifted its holdings in Trane Technologies by 7.1% in the 2nd quarter. Ieq Capital LLC now owns 13,351 shares of the company’s stock worth $4,391,000 after buying an additional 888 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in shares of Trane Technologies by 13.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 159,547 shares of the company’s stock worth $52,480,000 after buying an additional 18,933 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Trane Technologies Price Performance

Shares of NYSE:TT opened at $389.48 on Friday. The business has a fifty day moving average price of $395.78 and a 200-day moving average price of $373.17. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.22 and a quick ratio of 0.92. The company has a market capitalization of $87.64 billion, a PE ratio of 36.13, a PEG ratio of 1.95 and a beta of 1.06. Trane Technologies plc has a 1-year low of $244.11 and a 1-year high of $422.00.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 earnings per share 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 business had revenue of $5.44 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same period last year, the business earned $2.79 EPS. Trane Technologies’s revenue was up 10.0% compared to the same quarter last year. As a group, equities analysts expect that Trane Technologies plc will post 11.13 EPS for the current fiscal year.

Insider Activity at Trane Technologies

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the business’s stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 12,893 shares of the company’s stock, valued at approximately $5,363,488. The trade was a 25.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.38% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TT shares. The Goldman Sachs Group upped their target price on Trane Technologies from $364.00 to $407.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. 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. Robert W. Baird cut their target price on shares of Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. 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 note on Thursday, December 5th. Finally, Citigroup reduced their target price on Trane Technologies from $478.00 to $476.00 and set a “buy” rating on the stock in a report on Monday, January 13th. One equities 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 stock. According to data from MarketBeat, Trane Technologies presently has an average rating of “Hold” and a consensus price target of $420.64.

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.