Wealthfront Advisers LLC Has $5.57 Million Stock Position in Trane Technologies plc (NYSE:TT)

Wealthfront Advisers LLC lessened its stake in shares of Trane Technologies plc (NYSE:TTFree Report) by 1.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,434 shares of the company’s stock after selling 316 shares during the quarter. Wealthfront Advisers LLC’s holdings in Trane Technologies were worth $5,567,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Capital Advisors Ltd. LLC raised its holdings in Trane Technologies by 453.6% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 155 shares of the company’s stock valued at $30,000 after buying an additional 127 shares during the last quarter. Live Oak Investment Partners bought a new position in shares of Trane Technologies during the fourth quarter valued at $30,000. Avior Wealth Management LLC lifted its holdings in shares of Trane Technologies by 58.0% during the third quarter. Avior Wealth Management LLC now owns 177 shares of the company’s stock worth $36,000 after purchasing an additional 65 shares during the period. Financial Gravity Asset Management Inc. bought a new stake in shares of Trane Technologies in the second quarter worth $305,000. Finally, State of Wyoming acquired a new stake in Trane Technologies in the second quarter valued at $37,000. 80.66% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Price Performance

TT stock opened at $244.43 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.29 and a quick ratio of 0.87. The company’s 50-day moving average is $235.52 and its 200-day moving average is $212.82. The stock has a market capitalization of $55.62 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 1.91 and a beta of 1.03. Trane Technologies plc has a 1 year low of $162.04 and a 1 year high of $247.76.

Trane Technologies (NYSE:TTGet Free Report) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $2.79 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.13. Trane Technologies had a return on equity of 31.97% and a net margin of 11.30%. The business had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same period in the prior year, the business earned $2.27 EPS. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. Equities research analysts expect that Trane Technologies plc will post 9.01 EPS for the current fiscal year.

Insider Buying and Selling

In other Trane Technologies news, SVP Keith A. Sultana sold 1,637 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $217.36, for a total transaction of $355,818.32. Following the completion of the sale, the senior vice president now owns 42,257 shares in the company, valued at approximately $9,184,981.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Keith A. Sultana sold 1,637 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $217.36, for a total value of $355,818.32. Following the transaction, the senior vice president now owns 42,257 shares of the company’s stock, valued at approximately $9,184,981.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Raymond D. Pittard sold 13,144 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $218.24, for a total value of $2,868,546.56. Following the sale, the executive vice president now directly owns 82,235 shares of the company’s stock, valued at $17,946,966.40. The disclosure for this sale can be found here. Insiders have sold a total of 32,366 shares of company stock worth $7,093,065 in the last ninety days. Corporate insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on TT shares. Royal Bank of Canada lifted their target price on Trane Technologies from $204.00 to $231.00 and gave the stock a “sector perform” rating in a report on Thursday, November 2nd. JPMorgan Chase & Co. upgraded Trane Technologies from an “underweight” rating to a “neutral” rating and set a $191.00 target price on the stock in a report on Friday, October 6th. Morgan Stanley raised their price target on shares of Trane Technologies from $231.00 to $234.00 and gave the stock an “overweight” rating in a report on Friday, September 22nd. Wells Fargo & Company upped their price objective on shares of Trane Technologies from $200.00 to $246.00 and gave the company an “underweight” rating in a research note on Tuesday, December 19th. Finally, Citigroup lifted their target price on shares of Trane Technologies from $246.00 to $269.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $215.00.

Check Out Our Latest Report on TT

Trane Technologies Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Trane Technologies (NYSE:TT)

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