Trane Technologies plc (NYSE:TT) Position Lessened by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC decreased its position in shares of Trane Technologies plc (NYSE:TT) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,992 shares of the company’s stock after selling 947 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Trane Technologies were worth $4,429,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Tidal Investments LLC grew its stake in shares of Trane Technologies by 22.2% in the 3rd quarter. Tidal Investments LLC now owns 15,827 shares of the company’s stock worth $6,152,000 after purchasing an additional 2,874 shares during the last quarter. Synovus Financial Corp boosted its stake in shares of Trane Technologies by 16.8% during the 3rd quarter. Synovus Financial Corp now owns 8,828 shares of the company’s stock worth $3,431,000 after acquiring an additional 1,271 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Trane Technologies in the 4th quarter worth $468,000. HB Wealth Management LLC lifted its holdings in shares of Trane Technologies by 14.3% during the fourth quarter. HB Wealth Management LLC now owns 5,689 shares of the company’s stock valued at $2,101,000 after purchasing an additional 711 shares during the last quarter. Finally, GDS Wealth Management increased its stake in Trane Technologies by 4.3% in the 3rd quarter. GDS Wealth Management now owns 51,767 shares of the company’s stock worth $20,123,000 after purchasing an additional 2,124 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Trading Up 0.1 %

Shares of TT stock opened at $400.88 on Monday. The stock has a 50 day simple moving average of $394.35 and a 200 day simple moving average of $375.79. Trane Technologies plc has a 1 year low of $250.06 and a 1 year high of $422.00. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57. The stock has a market cap of $90.21 billion, a P/E ratio of 37.19, a price-to-earnings-growth ratio of 2.16 and a beta of 1.06.

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

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 that occurred 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 transaction, the senior vice president now owns 12,893 shares in the company, valued at approximately $5,363,488. This trade represents a 25.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.38% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TT. Barclays lifted their target price on shares of Trane Technologies from $440.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Northcoast Research began coverage on Trane Technologies in a research note on Friday, November 22nd. They set a “buy” rating and a $500.00 price target for the company. UBS Group began coverage on shares of Trane Technologies in a research report on Wednesday, November 13th. They set a “buy” rating and a $500.00 price objective on the stock. HSBC downgraded Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price target for the company. in a research note on Thursday, October 31st. Finally, Wells Fargo & Company reduced their price objective on shares of Trane Technologies from $390.00 to $380.00 and set an “underweight” rating for the company in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $420.64.

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.