Resources Management Corp CT ADV Sells 130 Shares of Trane Technologies plc (NYSE:TT)

Resources Management Corp CT ADV cut its stake in shares of Trane Technologies plc (NYSE:TT) by 1.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,272 shares of the company’s stock after selling 130 shares during the quarter. Resources Management Corp CT ADV’s holdings in Trane Technologies were worth $3,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of TT. Aveo Capital Partners LLC raised its stake in shares of Trane Technologies by 4.5% during the fourth quarter. Aveo Capital Partners LLC now owns 1,322 shares of the company’s stock valued at $322,000 after acquiring an additional 57 shares during the last quarter. 9258 Wealth Management LLC raised its stake in Trane Technologies by 17.5% in 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. Trexquant Investment LP raised its position in shares of Trane Technologies by 287.4% in the 4th quarter. Trexquant Investment LP now owns 7,086 shares of the company’s stock worth $1,728,000 after acquiring an additional 5,257 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Trane Technologies by 4.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 8,009 shares of the company’s stock valued at $1,953,000 after purchasing an additional 366 shares in the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in Trane Technologies in the fourth quarter worth $1,500,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Trane Technologies Stock Performance

NYSE:TT opened at $387.53 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.84 and a current ratio of 1.17. The stock’s fifty day moving average is $345.70 and its 200 day moving average is $326.72. The firm has a market capitalization of $87.72 billion, a PE ratio of 41.40, a PEG ratio of 2.45 and a beta of 1.01. Trane Technologies plc has a fifty-two week low of $184.02 and a fifty-two week high of $389.53.

Trane Technologies (NYSE:TT) last released its earnings results on Wednesday, July 31st. The company reported $3.30 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.13 billion. During the same quarter last year, the business earned $2.68 EPS. The business’s revenue was up 12.8% on a year-over-year basis. On average, sell-side analysts anticipate that Trane Technologies plc will post 10.87 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TT shares. UBS Group boosted their target price on shares of Trane Technologies from $330.00 to $375.00 and gave the company a “buy” rating in a report on Monday, June 3rd. Robert W. Baird boosted their price objective on shares of Trane Technologies from $360.00 to $365.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Stephens reaffirmed an “equal weight” rating and set a $350.00 target price on shares of Trane Technologies in a research note on Monday, August 5th. Royal Bank of Canada boosted their price target on Trane Technologies from $334.00 to $350.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. Finally, Barclays raised their price objective on Trane Technologies from $385.00 to $394.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $343.54.

Insiders Place Their Bets

In other Trane Technologies news, EVP Raymond D. Pittard sold 1,805 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $328.65, for a total value 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 approximately $27,447,862.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Raymond D. Pittard sold 1,805 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $328.65, for a total transaction of $593,213.25. Following the transaction, the executive vice president now directly owns 83,517 shares in the company, valued at $27,447,862.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO David S. Regnery sold 29,450 shares of Trane Technologies stock in a transaction that occurred on Tuesday, August 6th. The shares were 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 in the company, valued at $42,708,902.50. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

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.