R Squared Ltd Invests $443,000 in Trane Technologies plc (NYSE:TT)

R Squared Ltd bought a new position in shares of Trane Technologies plc (NYSE:TT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,200 shares of the company’s stock, valued at approximately $443,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Foster Group Inc. increased its holdings in Trane Technologies by 1.3% in the 4th quarter. Foster Group Inc. now owns 2,800 shares of the company’s stock valued at $1,034,000 after purchasing an additional 37 shares in the last quarter. SteelPeak Wealth LLC grew its stake in shares of Trane Technologies by 2.0% in the fourth quarter. SteelPeak Wealth LLC now owns 2,189 shares of the company’s stock valued at $809,000 after buying an additional 42 shares in the last quarter. BSW Wealth Partners raised its holdings in shares of Trane Technologies by 10.7% during the 4th quarter. BSW Wealth Partners now owns 702 shares of the company’s stock valued at $259,000 after buying an additional 68 shares during the period. Stonegate Investment Group LLC lifted its position in Trane Technologies by 11.9% during the 4th quarter. Stonegate Investment Group LLC now owns 15,378 shares of the company’s stock worth $5,680,000 after acquiring an additional 1,633 shares in the last quarter. Finally, Perigon Wealth Management LLC boosted its holdings in Trane Technologies by 14.5% in the 4th quarter. Perigon Wealth Management LLC now owns 1,922 shares of the company’s stock worth $747,000 after acquiring an additional 243 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Melius lowered shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 price objective on the stock. in a research note on Tuesday. Robert W. Baird cut their price objective on shares of Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. 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 note on Monday, January 13th. Hsbc Global Res downgraded Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company dropped their price objective on Trane Technologies from $390.00 to $380.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $417.81.

Trane Technologies Stock Performance

NYSE:TT opened at $365.41 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average of $392.55 and a 200-day moving average of $376.35. Trane Technologies plc has a twelve month low of $250.77 and a twelve month high of $422.00. The firm has a market cap of $82.23 billion, a price-to-earnings ratio of 33.90, a price-to-earnings-growth ratio of 2.16 and a beta of 1.06.

Trane Technologies (NYSE:TT) last issued its earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.14. The firm had revenue of $5.44 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the firm posted $2.79 earnings per share. Analysts forecast that Trane Technologies plc will post 11.16 earnings per share for the current fiscal year.

Insider Activity

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 transaction of $1,800,864.00. Following the sale, the senior vice president now owns 12,893 shares in the company, valued at approximately $5,363,488. The trade was a 25.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.