Sky Investment Group LLC Sells 60 Shares of Trane Technologies plc (NYSE:TT)

Sky Investment Group LLC lowered its stake in shares of Trane Technologies plc (NYSE:TT) by 6.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 925 shares of the company’s stock after selling 60 shares during the period. Sky Investment Group LLC’s holdings in Trane Technologies were worth $342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Global Wealth Strategies & Associates bought a new position in shares of Trane Technologies during the 4th quarter valued at about $26,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Trane Technologies in the third quarter worth about $27,000. DT Investment Partners LLC bought a new position in Trane Technologies during the third quarter valued at approximately $36,000. Quarry LP purchased a new position in Trane Technologies during the 2nd quarter valued at approximately $39,000. Finally, Pittenger & Anderson Inc. bought a new stake in Trane Technologies in the 3rd quarter worth approximately $39,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Activity

In related news, SVP Mairead Magner sold 4,329 shares of Trane Technologies 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 sale, the senior vice president now directly owns 12,893 shares in the company, valued at $5,363,488. The trade was a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.38% of the company’s stock.

Trane Technologies Stock Performance

TT stock opened at $389.48 on Tuesday. Trane Technologies plc has a twelve month low of $244.11 and a twelve month high of $422.00. The firm has a market cap of $87.64 billion, a price-to-earnings ratio of 36.13, a PEG ratio of 1.95 and a beta of 1.06. The business’s fifty day simple moving average is $395.78 and its two-hundred day simple moving average is $373.81. 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 quarterly earnings results on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, topping the consensus estimate of $3.23 by $0.14. The company had revenue of $5.44 billion for 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 revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.79 EPS. Analysts predict that Trane Technologies plc will post 11.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Citigroup lowered their target price on Trane Technologies from $478.00 to $476.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Mizuho lifted their price objective on shares of Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. decreased their target price on shares of Trane Technologies from $390.00 to $387.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Wells Fargo & Company dropped their price target on Trane Technologies from $390.00 to $380.00 and set an “underweight” rating for the company in a research report on Tuesday, January 7th. Finally, Northcoast Research initiated coverage on Trane Technologies in a research report on Friday, November 22nd. They set a “buy” rating and a $500.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $420.64.

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.