Trane Technologies plc (NYSE:TT) Shares Sold by Busey Bank

Busey Bank cut its position in shares of Trane Technologies plc (NYSE:TT) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 934 shares of the company’s stock after selling 42 shares during the quarter. Busey Bank’s holdings in Trane Technologies were worth $345,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Trane Technologies by 8.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 22,833 shares of the company’s stock worth $7,510,000 after buying an additional 1,750 shares in the last quarter. Quarry LP purchased a new stake in shares of Trane Technologies in the second quarter valued at about $39,000. EP Wealth Advisors LLC grew its position in shares of Trane Technologies by 2.8% in the second quarter. EP Wealth Advisors LLC now owns 1,493 shares of the company’s stock valued at $491,000 after purchasing an additional 41 shares during the last quarter. Advisory Alpha LLC increased its stake in shares of Trane Technologies by 11.0% during the 2nd quarter. Advisory Alpha LLC now owns 744 shares of the company’s stock worth $245,000 after purchasing an additional 74 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Trane Technologies by 1.0% during the 2nd quarter. Cetera Investment Advisers now owns 53,873 shares of the company’s stock worth $17,721,000 after purchasing an additional 550 shares during the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on TT shares. Melius Research reiterated a “hold” rating and set a $398.00 target price on shares of Trane Technologies in a report on Tuesday. Mizuho lifted their price objective on Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. UBS Group began coverage on shares of Trane Technologies in a report on Wednesday, November 13th. They issued a “buy” rating and a $500.00 target price on the stock. Melius downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 price target for the company. in a report on Tuesday. Finally, Northcoast Research assumed coverage on shares of Trane Technologies in a research note on Friday, November 22nd. They set a “buy” rating and a $500.00 price objective on the stock. 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $417.81.

Trane Technologies Stock Performance

Shares of NYSE:TT opened at $366.12 on Friday. The firm has a market capitalization of $82.38 billion, a PE ratio of 33.96, a P/E/G ratio of 2.16 and a beta of 1.06. Trane Technologies plc has a 12 month low of $250.79 and a 12 month high of $422.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.22 and a quick ratio of 0.92. The business has a 50-day moving average of $391.62 and a two-hundred day moving average of $376.27.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.09. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. As a group, research analysts forecast that Trane Technologies plc will post 11.16 earnings per share for the current year.

Insider Buying and Selling

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president now owns 12,893 shares in the company, valued at $5,363,488. This represents a 25.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is owned by corporate insiders.

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.