Kingswood Wealth Advisors LLC Cuts Position in Trane Technologies plc (NYSE:TT)

Kingswood Wealth Advisors LLC reduced its stake in Trane Technologies plc (NYSE:TT) by 7.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,992 shares of the company’s stock after selling 947 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Trane Technologies were worth $4,429,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Trane Technologies by 30.5% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,576 shares of the company’s stock valued at $582,000 after purchasing an additional 368 shares during the period. Harrell Investment Partners LLC increased its position in shares of Trane Technologies by 2.0% during the fourth quarter. Harrell Investment Partners LLC now owns 18,307 shares of the company’s stock valued at $6,762,000 after buying an additional 365 shares during the period. First Citizens Bank & Trust Co. lifted its stake in Trane Technologies by 17.6% in the 4th quarter. First Citizens Bank & Trust Co. now owns 1,081 shares of the company’s stock worth $399,000 after purchasing an additional 162 shares in the last quarter. Grimes & Company Inc. boosted its stake in Trane Technologies by 0.8% during the fourth quarter. Grimes & Company Inc. now owns 4,492 shares of the company’s stock valued at $1,659,000 after buying an additional 37 shares during the period. Finally, Cyndeo Wealth Partners LLC raised its holdings in shares of Trane Technologies by 2.7% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 9,042 shares of the company’s stock valued at $3,340,000 after acquiring an additional 235 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Trane Technologies 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 transaction of $1,800,864.00. Following the completion of the transaction, the senior vice president now owns 12,893 shares of the company’s stock, valued at approximately $5,363,488. This trade represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on TT shares. Wells Fargo & Company cut their target price on shares of Trane Technologies from $390.00 to $380.00 and set an “underweight” rating for the company in a research report on Tuesday, January 7th. Hsbc Global Res cut Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Robert W. Baird decreased their price objective on Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. HSBC lowered Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 target price for the company. in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group lifted their price target on shares of Trane Technologies from $364.00 to $407.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $420.64.

Trane Technologies Stock Up 0.1 %

NYSE TT opened at $400.88 on Monday. Trane Technologies plc has a 1 year low of $250.06 and a 1 year high of $422.00. The stock has a market capitalization of $90.21 billion, a PE ratio of 37.19, a PEG ratio of 2.16 and a beta of 1.06. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.22 and a quick ratio of 0.92. The business’s 50-day moving average is $394.35 and its 200 day moving average is $375.79.

Trane Technologies (NYSE:TT) last posted its earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, beating 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 firm 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 earned $2.79 earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year. Sell-side analysts forecast that Trane Technologies plc will post 11.16 earnings per share for the current year.

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.