Aaron Wealth Advisors LLC Increases Stake in Trane Technologies plc (NYSE:TT)

Aaron Wealth Advisors LLC grew its position in Trane Technologies plc (NYSE:TT) by 6.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,223 shares of the company’s stock after buying an additional 75 shares during the period. Aaron Wealth Advisors LLC’s holdings in Trane Technologies were worth $452,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Global Wealth Strategies & Associates bought a new position in Trane Technologies during the 4th quarter valued at about $26,000. MidAtlantic Capital Management Inc. bought a new position in Trane Technologies during the third quarter valued at approximately $27,000. DT Investment Partners LLC purchased a new stake in Trane Technologies in the third quarter worth approximately $36,000. Quarry LP bought a new stake in Trane Technologies in the 2nd quarter worth approximately $39,000. Finally, Pittenger & Anderson Inc. bought a new position in shares of Trane Technologies during the 3rd quarter valued at $39,000. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Trading Up 0.2 %

TT opened at $389.48 on Monday. Trane Technologies plc has a 12 month low of $244.11 and a 12 month 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 50-day moving average of $395.78 and a 200 day moving average of $373.51. The firm has a market cap of $87.64 billion, a P/E ratio of 36.13, a P/E/G ratio of 1.95 and a beta of 1.06.

Trane Technologies (NYSE:TT) last released its 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. The firm had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.32 billion. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.79 EPS. As a group, research analysts forecast that Trane Technologies plc will post 11.13 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on TT shares. JPMorgan Chase & Co. reduced their price objective on Trane Technologies from $390.00 to $387.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Northcoast Research assumed coverage on shares of Trane Technologies in a research report on Friday, November 22nd. They set a “buy” rating and a $500.00 target price for the company. Mizuho lifted their price target on shares of Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Wells Fargo & Company decreased their target price on Trane Technologies from $390.00 to $380.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. Finally, Royal Bank of Canada boosted their price target on 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, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $420.64.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the company’s 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 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 this hyperlink. 0.38% of the stock is currently owned by corporate insiders.

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.