Romano Brothers AND Company Decreases Stock Holdings in Trane Technologies plc (NYSE:TT)

Romano Brothers AND Company lessened its stake in Trane Technologies plc (NYSE:TT) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Global Wealth Strategies & Associates purchased a new position in shares of Trane Technologies in the 4th quarter worth approximately $26,000. MidAtlantic Capital Management Inc. acquired a new stake in Trane Technologies in the third quarter valued at approximately $27,000. DT Investment Partners LLC acquired a new position in shares of Trane Technologies during the third quarter worth $36,000. Quarry LP purchased a new stake in shares of Trane Technologies during the 2nd quarter valued at $39,000. Finally, Pittenger & Anderson Inc. acquired a new stake in shares of Trane Technologies in the 3rd quarter worth $39,000. 82.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TT. Mizuho upped their target price on Trane Technologies from $325.00 to $400.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. UBS Group initiated coverage on shares of Trane Technologies in a research report on Wednesday, November 13th. They issued a “buy” rating and a $500.00 price objective for the company. Barclays boosted their target price on shares of Trane Technologies from $440.00 to $500.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Royal Bank of Canada raised their price target on shares of Trane Technologies from $390.00 to $395.00 and gave the stock a “sector perform” rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company dropped their price objective on shares of Trane Technologies from $390.00 to $380.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $420.64.

Trane Technologies Stock Up 0.2 %

Shares of TT opened at $389.48 on Friday. The stock’s 50-day moving average price is $395.78 and its 200-day moving average price is $373.17. 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 $87.64 billion, a price-to-earnings ratio of 36.13, a PEG ratio of 1.95 and a beta of 1.06. Trane Technologies plc has a 52 week low of $244.11 and a 52 week high of $422.00.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, topping the consensus estimate of $3.23 by $0.14. The business had revenue of $5.44 billion for 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 business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.79 EPS. On average, sell-side analysts predict that Trane Technologies plc will post 11.13 EPS for the current year.

Insider Activity at Trane Technologies

In other news, SVP Mairead Magner sold 4,329 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total transaction of $1,800,864.00. Following the completion of the transaction, the senior vice president now directly owns 12,893 shares of the company’s stock, valued at $5,363,488. This represents a 25.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.38% of the stock is owned by company insiders.

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.