ERn Financial LLC Acquires 65 Shares of Trane Technologies plc (NYSE:TT)

ERn Financial LLC raised its stake in shares of Trane Technologies plc (NYSE:TT) by 3.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,907 shares of the company’s stock after acquiring an additional 65 shares during the period. ERn Financial LLC’s holdings in Trane Technologies were worth $704,000 as of its most recent SEC filing.

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

Insider Transactions at Trane Technologies

In related news, SVP Mairead Magner sold 4,329 shares of the stock in a transaction on 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. This represents a 25.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TT shares. Mizuho lifted their price target 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. Wells Fargo & Company cut their price target on Trane Technologies from $390.00 to $380.00 and set an “underweight” rating for the company in a report on Tuesday, January 7th. The Goldman Sachs Group raised their price objective on Trane Technologies from $364.00 to $407.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Robert W. Baird cut their price objective on Trane Technologies from $408.00 to $404.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, Royal Bank of Canada raised their target price on shares of Trane Technologies from $390.00 to $395.00 and gave the stock a “sector perform” rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Trane Technologies has an average rating of “Hold” and an average target price of $420.64.

Trane Technologies Price Performance

NYSE:TT opened at $385.50 on Thursday. The business’s 50-day moving average is $396.47 and its 200 day moving average is $372.50. Trane Technologies plc has a 12 month low of $242.81 and a 12 month high of $422.00. The company has a market capitalization of $86.75 billion, a P/E ratio of 35.76, a P/E/G ratio of 1.95 and a beta of 1.06. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57.

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

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.