Trane Technologies plc (NYSE:TT) Holdings Cut by First Affirmative Financial Network

First Affirmative Financial Network cut its stake in shares of Trane Technologies plc (NYSE:TT) by 6.6% in the 4th quarter, Holdings Channel reports. The firm owned 1,672 shares of the company’s stock after selling 119 shares during the quarter. First Affirmative Financial Network’s holdings in Trane Technologies were worth $618,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in TT. Global Wealth Strategies & Associates acquired a new stake in Trane Technologies in the fourth quarter worth $26,000. MidAtlantic Capital Management Inc. bought a new position in shares of Trane Technologies during the third quarter worth about $27,000. DT Investment Partners LLC acquired a new stake in shares of Trane Technologies in the 3rd quarter worth about $36,000. Sound Income Strategies LLC lifted its position in Trane Technologies by 1,314.3% in the 4th quarter. Sound Income Strategies LLC now owns 99 shares of the company’s stock valued at $37,000 after purchasing an additional 92 shares during the last quarter. Finally, Quarry LP acquired a new position in Trane Technologies during the 2nd quarter valued at about $39,000. Institutional investors own 82.97% of the company’s stock.

Insider Activity

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of Trane Technologies stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total transaction of $1,800,864.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.38% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TT. Citigroup cut their target price on Trane Technologies from $478.00 to $476.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Melius Research restated a “hold” rating and set a $398.00 price objective on shares of Trane Technologies in a research note on Tuesday. Northcoast Research started coverage on shares of Trane Technologies in a research report on Friday, November 22nd. They issued a “buy” rating and a $500.00 target price for the company. The Goldman Sachs Group boosted their target price on Trane Technologies from $364.00 to $407.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Finally, Melius lowered Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 price target for the company. in a research note on Tuesday. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $417.81.

Trane Technologies Price Performance

Shares of Trane Technologies stock opened at $364.49 on Thursday. The stock has a market capitalization of $82.02 billion, a price-to-earnings ratio of 33.81, a P/E/G ratio of 2.16 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 plc has a 1-year low of $250.79 and a 1-year high of $422.00. The firm’s 50-day moving average price is $391.62 and its two-hundred day moving average price is $376.27.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.09. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. On average, equities analysts predict that Trane Technologies plc will post 11.16 earnings per share for the current fiscal year.

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.