Romano Brothers AND Company Sells 170 Shares of Trane Technologies plc (NYSE:TT)

Romano Brothers AND Company lessened its stake in shares of Trane Technologies plc (NYSE:TT) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,438 shares of the company’s stock after selling 170 shares during the period. Romano Brothers AND Company’s holdings in Trane Technologies were worth $2,009,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in TT. Global Wealth Strategies & Associates purchased a new position in Trane Technologies during the 4th quarter valued at approximately $26,000. MidAtlantic Capital Management Inc. bought a new position in shares of Trane Technologies during the 3rd quarter valued at approximately $27,000. DT Investment Partners LLC purchased a new position in shares of Trane Technologies in the third quarter valued at $36,000. Quarry LP bought a new stake in Trane Technologies in the second quarter worth $39,000. Finally, Pittenger & Anderson Inc. bought a new position in Trane Technologies during the third quarter valued at $39,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Trane Technologies Trading Up 0.2 %

Shares of TT opened at $389.48 on Friday. The firm has a market capitalization of $87.64 billion, a price-to-earnings ratio of 36.13, a PEG ratio of 1.95 and a beta of 1.06. 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 plc has a 1-year low of $244.11 and a 1-year high of $422.00. The company has a 50-day moving average of $395.78 and a 200 day moving average of $373.17.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share 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 during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the previous year, the firm posted $2.79 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. On average, research analysts expect that Trane Technologies plc will post 11.13 EPS for the current year.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the stock in a transaction dated 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 represents a 25.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.38% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TT. The Goldman Sachs Group upped their target price on shares of Trane Technologies from $364.00 to $407.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Northcoast Research started coverage on Trane Technologies in a research report on Friday, November 22nd. They set a “buy” rating and a $500.00 price objective on the stock. Robert W. Baird dropped their target price on Trane Technologies from $408.00 to $404.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. decreased their price target on Trane Technologies from $390.00 to $387.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company dropped 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 given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $420.64.

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.