Collective Family Office LLC Sells 76 Shares of Trane Technologies plc (NYSE:TT)

Collective Family Office LLC lowered its stake in Trane Technologies plc (NYSE:TT) by 6.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund 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 quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC increased its holdings in Trane Technologies by 35,914.4% during the 3rd quarter. International Assets Investment Management LLC now owns 1,645,137 shares of the company’s stock valued at $639,514,000 after purchasing an additional 1,640,569 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Trane Technologies by 35.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,550,511 shares of the company’s stock valued at $991,460,000 after buying an additional 671,691 shares during the period. 1832 Asset Management L.P. raised its holdings in shares of Trane Technologies by 7,363.1% during the second quarter. 1832 Asset Management L.P. now owns 422,785 shares of the company’s stock valued at $139,067,000 after acquiring an additional 417,120 shares in the last quarter. FMR LLC lifted its stake in Trane Technologies by 4.0% in the third quarter. FMR LLC now owns 10,337,672 shares of the company’s stock worth $4,018,563,000 after acquiring an additional 397,537 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in Trane Technologies by 42.9% in the fourth quarter. Nordea Investment Management AB now owns 978,275 shares of the company’s stock valued at $361,874,000 after acquiring an additional 293,916 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TT shares. Citigroup raised their target price on shares of Trane Technologies from $457.00 to $478.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. The Goldman Sachs Group raised their price objective on shares of Trane Technologies from $364.00 to $407.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Robert W. Baird reduced their target price on Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Wells Fargo & Company lowered their target price on Trane Technologies from $390.00 to $380.00 and set an “underweight” rating for the company in a research note on Tuesday. Finally, Barclays upped their price target on Trane Technologies from $440.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. One 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. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $414.57.

Trane Technologies Stock Up 1.0 %

Shares of Trane Technologies stock traded up $3.95 on Wednesday, reaching $383.91. The company’s stock had a trading volume of 284,801 shares, compared to its average volume of 1,095,738. Trane Technologies plc has a 52 week low of $240.51 and a 52 week high of $422.00. The firm’s fifty day simple moving average is $396.08 and its two-hundred day simple moving average is $370.78. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $86.39 billion, a price-to-earnings ratio of 35.61, a P/E/G ratio of 2.38 and a beta of 1.06.

Trane Technologies (NYSE:TT) last issued its earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.14. The business 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%. Trane Technologies’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.79 EPS. Equities analysts anticipate that Trane Technologies plc will post 11.13 earnings per share for the current year.

Insider Activity at Trane Technologies

In other news, SVP Mairead Magner sold 4,329 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was 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 trade represents a 25.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.38% of the stock is owned by 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.