Foster Group Inc. Has $1.03 Million Stock Position in Trane Technologies plc (NYSE:TT)

Foster Group Inc. lifted its stake in Trane Technologies plc (NYSE:TT) by 1.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,800 shares of the company’s stock after buying an additional 37 shares during the period. Foster Group Inc.’s holdings in Trane Technologies were worth $1,034,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. SteelPeak Wealth LLC raised its stake in Trane Technologies by 2.0% in the 4th quarter. SteelPeak Wealth LLC now owns 2,189 shares of the company’s stock valued at $809,000 after acquiring an additional 42 shares during the period. BSW Wealth Partners increased its holdings in shares of Trane Technologies by 10.7% during the fourth quarter. BSW Wealth Partners now owns 702 shares of the company’s stock worth $259,000 after purchasing an additional 68 shares during the period. Stonegate Investment Group LLC raised its holdings in Trane Technologies by 11.9% in the 4th quarter. Stonegate Investment Group LLC now owns 15,378 shares of the company’s stock valued at $5,680,000 after acquiring an additional 1,633 shares in the last quarter. Perigon Wealth Management LLC lifted its position in Trane Technologies by 14.5% during the fourth quarter. Perigon Wealth Management LLC now owns 1,922 shares of the company’s stock worth $747,000 after purchasing an additional 243 shares during the period. Finally, Lebenthal Global Advisors LLC boosted its position in shares of Trane Technologies by 12.5% during the 4th quarter. Lebenthal Global Advisors LLC now owns 3,565 shares of the company’s stock worth $1,317,000 after acquiring an additional 397 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Stock Down 0.6 %

Trane Technologies stock opened at $365.41 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 1.22. The stock has a market cap of $82.23 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 2.16 and a beta of 1.06. Trane Technologies plc has a fifty-two week low of $250.77 and a fifty-two week high of $422.00. The firm’s 50-day simple moving average is $392.55 and its 200 day simple moving average is $376.35.

Trane Technologies (NYSE:TT) last released its earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.14. The company had revenue of $5.44 billion during the quarter, compared to analyst estimates of $5.32 billion. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. Trane Technologies’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.79 earnings per share. Research analysts predict that Trane Technologies plc will post 11.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on TT shares. JPMorgan Chase & Co. reduced their price objective on Trane Technologies from $390.00 to $387.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. UBS Group began coverage on Trane Technologies in a research report on Wednesday, November 13th. They set a “buy” rating and a $500.00 target price for the company. Hsbc Global Res lowered shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Melius Research reiterated a “hold” rating and issued a $398.00 target price on shares of Trane Technologies in a report on Tuesday. Finally, Royal Bank of Canada upped their price objective on shares of Trane Technologies from $390.00 to $395.00 and gave the company a “sector perform” rating in a report on Friday, January 3rd. 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’s stock. According to data from MarketBeat, Trane Technologies has a consensus rating of “Hold” and an average price target of $417.81.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of Trane Technologies stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total value of $1,800,864.00. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.38% of the company’s stock.

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.