Trane Technologies plc (NYSE:TT) Shares Acquired by Greenleaf Trust

Greenleaf Trust raised its holdings in shares of Trane Technologies plc (NYSE:TT) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,917 shares of the company’s stock after acquiring an additional 65 shares during the quarter. Greenleaf Trust’s holdings in Trane Technologies were worth $2,185,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Global Wealth Strategies & Associates acquired a new stake in shares of Trane Technologies in the 4th quarter valued at about $26,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Trane Technologies in the 3rd quarter valued at about $27,000. DT Investment Partners LLC acquired a new stake in shares of Trane Technologies in the 3rd quarter valued at about $36,000. Sound Income Strategies LLC boosted its position in shares of 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 period. Finally, Quarry LP acquired a new stake in shares of Trane Technologies in the 2nd quarter valued at about $39,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Stock Performance

NYSE TT opened at $362.47 on Monday. Trane Technologies plc has a 1-year low of $250.79 and a 1-year high of $422.00. The company has a market capitalization of $81.56 billion, a P/E ratio of 33.62, a PEG ratio of 1.96 and a beta of 1.06. The business has a 50 day moving average price of $389.53 and a 200 day moving average price of $376.56. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.22 and a quick ratio of 0.92.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.09. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. Sell-side analysts expect that Trane Technologies plc will post 11.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on Trane Technologies from $387.00 to $396.00 and gave the company a “neutral” rating in a research report on Friday. Northcoast Research began coverage on Trane Technologies in a research report on Friday, November 22nd. They set a “buy” rating and a $500.00 price objective for the company. Barclays increased their price objective on Trane Technologies from $440.00 to $500.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. UBS Group decreased their price objective on Trane Technologies from $500.00 to $470.00 and set a “buy” rating for the company in a research report on Friday. Finally, Citigroup decreased their price objective on Trane Technologies from $478.00 to $476.00 and set a “buy” rating for the company in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $415.25.

Insider Activity at Trane Technologies

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the firm’s 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 completion of the transaction, the senior vice president now owns 12,893 shares of the company’s stock, valued at approximately $5,363,488. This trade represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.38% of the stock is currently owned by company 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.