Collective Family Office LLC Has $379,000 Holdings in Trane Technologies plc (NYSE:TT)

Collective Family Office LLC trimmed its position in shares of Trane Technologies plc (NYSE:TT) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,025 shares of the company’s stock after selling 76 shares during the quarter. Collective Family Office LLC’s holdings in Trane Technologies were worth $379,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TT. MidAtlantic Capital Management Inc. bought a new position in shares of Trane Technologies in the third quarter valued at approximately $27,000. Global Wealth Strategies & Associates bought a new position in Trane Technologies during the 4th quarter valued at $26,000. DT Investment Partners LLC purchased a new position in Trane Technologies during the 3rd quarter worth $36,000. Pittenger & Anderson Inc. bought a new stake in shares of Trane Technologies in the 3rd quarter worth $39,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Trane Technologies in the third quarter valued at about $44,000. 82.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. UBS Group assumed coverage on Trane Technologies in a research note on Wednesday, November 13th. They issued a “buy” rating and a $500.00 price objective for the company. Mizuho lifted their price objective on shares of Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Robert W. Baird reduced their target price on shares of Trane Technologies from $408.00 to $404.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Northcoast Research started coverage on shares of Trane Technologies in a report on Friday, November 22nd. They issued a “buy” rating and a $500.00 price target on the stock. Finally, Wells Fargo & Company reduced their price objective on Trane Technologies from $390.00 to $380.00 and set an “underweight” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $414.57.

Insider Activity at Trane Technologies

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the 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 transaction, the senior vice president now directly owns 12,893 shares in the company, valued at $5,363,488. This trade represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.38% of the stock is currently owned by insiders.

Trane Technologies Price Performance

Trane Technologies stock traded up $3.95 during midday trading on Wednesday, reaching $383.91. 284,801 shares of the stock were exchanged, compared to its average volume of 1,095,738. The company’s fifty day moving average is $396.08 and its 200-day moving average is $370.78. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 1.22. Trane Technologies plc has a 52 week low of $240.51 and a 52 week high of $422.00. The firm has a market cap of $86.39 billion, a PE ratio of 35.61, a PEG ratio of 2.38 and a beta of 1.06.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data 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%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the company earned $2.79 earnings per share. On average, sell-side analysts forecast that Trane Technologies plc will post 11.13 EPS for the current year.

About Trane Technologies

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.