Greenline Partners LLC Buys New Stake in Trane Technologies plc (NYSE:TT)

Greenline Partners LLC bought a new stake in shares of Trane Technologies plc (NYSE:TT) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,040 shares of the company’s stock, valued at approximately $1,620,000.

Several other hedge funds also recently bought and sold shares of the stock. Aveo Capital Partners LLC increased its position in Trane Technologies by 4.5% during the 4th quarter. Aveo Capital Partners LLC now owns 1,322 shares of the company’s stock worth $322,000 after purchasing an additional 57 shares in the last quarter. 9258 Wealth Management LLC grew its holdings in shares of Trane Technologies by 17.5% during the fourth quarter. 9258 Wealth Management LLC now owns 3,652 shares of the company’s stock worth $891,000 after buying an additional 545 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of Trane Technologies by 14.9% in the fourth quarter. D.A. Davidson & CO. now owns 6,377 shares of the company’s stock valued at $1,555,000 after buying an additional 827 shares during the last quarter. Trexquant Investment LP lifted its stake in shares of Trane Technologies by 287.4% during the fourth quarter. Trexquant Investment LP now owns 7,086 shares of the company’s stock valued at $1,728,000 after buying an additional 5,257 shares during the period. Finally, Aigen Investment Management LP boosted its position in Trane Technologies by 26.3% during the fourth quarter. Aigen Investment Management LP now owns 1,359 shares of the company’s stock worth $331,000 after acquiring an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Transactions at Trane Technologies

In related news, CEO David S. Regnery sold 29,450 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $321.25, for a total transaction of $9,460,812.50. Following the transaction, the chief executive officer now directly owns 132,946 shares of the company’s stock, valued at approximately $42,708,902.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Raymond D. Pittard sold 1,805 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $328.65, for a total transaction of $593,213.25. Following the completion of the sale, the executive vice president now directly owns 83,517 shares in the company, valued at $27,447,862.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David S. Regnery sold 29,450 shares of Trane Technologies stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $321.25, for a total value of $9,460,812.50. Following the sale, the chief executive officer now directly owns 132,946 shares in the company, valued at $42,708,902.50. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.

Trane Technologies Trading Up 0.9 %

Shares of TT stock opened at $384.93 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.17 and a debt-to-equity ratio of 0.62. Trane Technologies plc has a fifty-two week low of $184.02 and a fifty-two week high of $387.71. The firm’s 50 day moving average price is $344.77 and its two-hundred day moving average price is $325.74. The stock has a market cap of $87.13 billion, a price-to-earnings ratio of 41.13, a price-to-earnings-growth ratio of 2.45 and a beta of 1.01.

Trane Technologies (NYSE:TT) last posted its earnings results on Wednesday, July 31st. The company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.22. Trane Technologies had a net margin of 12.33% and a return on equity of 33.97%. The business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.13 billion. During the same quarter in the previous year, the business posted $2.68 EPS. The business’s quarterly revenue was up 12.8% on a year-over-year basis. On average, analysts anticipate that Trane Technologies plc will post 10.87 EPS for the current year.

Wall Street Analyst Weigh In

TT has been the subject of several analyst reports. Barclays boosted their price target on Trane Technologies from $385.00 to $394.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Royal Bank of Canada upped their target price on Trane Technologies from $334.00 to $350.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. UBS Group raised their price target on Trane Technologies from $330.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, June 3rd. Stephens reaffirmed an “equal weight” rating and set a $350.00 price objective on shares of Trane Technologies in a research note on Monday, August 5th. Finally, Morgan Stanley assumed coverage on shares of Trane Technologies in a research report on Friday, September 6th. They issued an “overweight” rating and a $425.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $343.54.

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.