Trane Technologies plc (NYSE:TT) Shares Bought by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC grew its stake in Trane Technologies plc (NYSE:TT) by 6.5% in the fourth quarter, HoldingsChannel reports. The institutional investor 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 filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Oppenheimer Asset Management Inc. purchased a new stake in Trane Technologies during the 2nd quarter valued at about $225,000. Canada Pension Plan Investment Board boosted its position in Trane Technologies by 13.5% in the second quarter. Canada Pension Plan Investment Board now owns 159,547 shares of the company’s stock valued at $52,480,000 after buying an additional 18,933 shares during the last quarter. Bridges Investment Management Inc. increased its holdings in Trane Technologies by 100.0% in the 2nd quarter. Bridges Investment Management Inc. now owns 1,600 shares of the company’s stock worth $526,000 after buying an additional 800 shares during the period. Pacer Advisors Inc. raised its position in Trane Technologies by 3.3% during the 2nd quarter. Pacer Advisors Inc. now owns 18,415 shares of the company’s stock worth $6,057,000 after buying an additional 583 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in Trane Technologies by 3.2% during the 2nd quarter. Sei Investments Co. now owns 316,015 shares of the company’s stock valued at $103,950,000 after acquiring an additional 9,850 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on TT shares. UBS Group began coverage on shares of Trane Technologies in a report on Wednesday, November 13th. They set a “buy” rating and a $500.00 target price for the company. 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 note on Wednesday, January 15th. Robert W. Baird lowered their target price on Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Barclays lifted their price target on Trane Technologies from $440.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, Northcoast Research assumed coverage on Trane Technologies in a research report on Friday, November 22nd. They issued a “buy” rating and a $500.00 price objective on the stock. One investment 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 has a consensus rating of “Hold” and a consensus price target of $420.64.

Trane Technologies Price Performance

Shares of NYSE TT opened at $389.48 on Monday. The stock has a market capitalization of $87.64 billion, a price-to-earnings ratio of 36.13, a price-to-earnings-growth 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. The firm has a 50-day simple moving average of $395.78 and a 200-day simple moving average of $373.51. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 0.57.

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 the consensus estimate of $3.23 by $0.14. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The business had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same period in the previous year, the firm posted $2.79 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, equities analysts predict that Trane Technologies plc will post 11.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the business’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. The trade was a 25.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.38% of the stock is owned by company insiders.

Trane Technologies Company 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.