LWM Advisory Services LLC Increases Position in Trane Technologies plc (NYSE:TT)

LWM Advisory Services LLC lifted its holdings in Trane Technologies plc (NYSE:TT) by 40.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,180 shares of the company’s stock after purchasing an additional 340 shares during the period. LWM Advisory Services LLC’s holdings in Trane Technologies were worth $388,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TT. International Assets Investment Management LLC boosted its position in Trane Technologies by 1.6% in the 4th quarter. International Assets Investment Management LLC now owns 4,241 shares of the company’s stock valued at $1,034,000 after buying an additional 65 shares during the period. Aveo Capital Partners LLC grew its stake in Trane Technologies by 4.5% in the fourth quarter. Aveo Capital Partners LLC now owns 1,322 shares of the company’s stock worth $322,000 after purchasing an additional 57 shares in the last quarter. 9258 Wealth Management LLC increased its stake in shares of Trane Technologies by 17.5% during the fourth quarter. 9258 Wealth Management LLC now owns 3,652 shares of the company’s stock valued at $891,000 after buying an additional 545 shares during the period. Avantax Advisory Services Inc. raised its holdings in shares of Trane Technologies by 17.1% in the 4th quarter. Avantax Advisory Services Inc. now owns 7,334 shares of the company’s stock valued at $1,789,000 after purchasing an additional 1,073 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of Trane Technologies by 1.7% in the 4th quarter. Quadrant Capital Group LLC now owns 3,317 shares of the company’s stock worth $809,000 after purchasing an additional 54 shares during the period. 82.97% of the stock is owned by institutional investors.

Trane Technologies Stock Up 1.3 %

Trane Technologies stock opened at $364.22 on Friday. The stock has a market capitalization of $82.44 billion, a PE ratio of 38.91, a price-to-earnings-growth ratio of 2.45 and a beta of 1.01. The business has a 50 day simple moving average of $341.06 and a 200-day simple moving average of $322.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.17 and a quick ratio of 0.84. Trane Technologies plc has a 12 month low of $184.02 and a 12 month high of $366.21.

Trane Technologies (NYSE:TT) last released its earnings results on Wednesday, July 31st. The company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.22. Trane Technologies had a net margin of 12.33% and a return on equity of 33.97%. The business had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.13 billion. During the same quarter in the previous year, the company earned $2.68 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. On average, analysts anticipate that Trane Technologies plc will post 10.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Royal Bank of Canada increased their target price on Trane Technologies from $334.00 to $350.00 and gave the company a “sector perform” rating in a research report on Thursday, August 1st. Stephens reaffirmed an “equal weight” rating and issued a $350.00 price objective on shares of Trane Technologies in a research report on Monday, August 5th. Robert W. Baird upped their price objective on shares of Trane Technologies from $360.00 to $365.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Morgan Stanley initiated coverage on shares of Trane Technologies in a research report on Friday, September 6th. They set an “overweight” rating and a $425.00 target price on the stock. Finally, Barclays lifted their price objective on shares of Trane Technologies from $385.00 to $394.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Trane Technologies currently has an average rating of “Hold” and a consensus target price of $337.29.

Insider Transactions at Trane Technologies

In other Trane Technologies news, EVP Raymond D. Pittard sold 1,805 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $328.65, for a total value of $593,213.25. Following the completion of the sale, the executive vice president now directly owns 83,517 shares of the company’s stock, valued at approximately $27,447,862.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Trane Technologies news, EVP Raymond D. Pittard sold 1,805 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $328.65, for a total transaction of $593,213.25. Following the completion of the sale, the executive vice president now owns 83,517 shares of the company’s stock, valued at $27,447,862.05. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David S. Regnery sold 29,450 shares of Trane Technologies stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $321.25, for a total transaction of $9,460,812.50. Following the sale, the chief executive officer now owns 132,946 shares of the company’s stock, valued at $42,708,902.50. The disclosure for this sale can be found here. 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.