Barclays PLC Has $222.25 Million Holdings in Trane Technologies plc (NYSE:TT)

Barclays PLC lessened its holdings in shares of Trane Technologies plc (NYSE:TT) by 31.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 571,750 shares of the company’s stock after selling 267,075 shares during the quarter. Barclays PLC owned 0.25% of Trane Technologies worth $222,254,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TT. Continuum Advisory LLC increased its holdings in Trane Technologies by 8.4% during the 3rd quarter. Continuum Advisory LLC now owns 2,411 shares of the company’s stock worth $989,000 after purchasing an additional 187 shares in the last quarter. LRI Investments LLC increased its holdings in Trane Technologies by 7,917.2% during the 3rd quarter. LRI Investments LLC now owns 40,487 shares of the company’s stock worth $15,739,000 after purchasing an additional 39,982 shares in the last quarter. Geller Advisors LLC bought a new position in Trane Technologies during the 3rd quarter worth about $279,000. Public Employees Retirement System of Ohio bought a new position in Trane Technologies during the 3rd quarter worth about $40,519,000. Finally, Groupama Asset Managment bought a new position in Trane Technologies during the 3rd quarter worth about $842,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Mairead Magner sold 4,329 shares of Trane Technologies stock in a transaction that occurred on 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 completion of the sale, the senior vice president now directly owns 12,893 shares in the company, valued at approximately $5,363,488. The trade was a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TT shares. Royal Bank of Canada increased their target price on Trane Technologies from $390.00 to $395.00 and gave the stock a “sector perform” rating in a report on Friday, January 3rd. The Goldman Sachs Group raised their price objective on Trane Technologies from $364.00 to $407.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. HSBC cut Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price objective for the company. in a report on Thursday, October 31st. Hsbc Global Res cut Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Citigroup raised their price objective on Trane Technologies from $457.00 to $478.00 and gave the company a “buy” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Trane Technologies currently has a consensus rating of “Hold” and a consensus price target of $414.57.

Trane Technologies Trading Down 2.2 %

Trane Technologies stock opened at $377.43 on Friday. Trane Technologies plc has a 52 week low of $242.49 and a 52 week high of $422.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 1.22. The stock has a market capitalization of $84.93 billion, a P/E ratio of 35.01, a PEG ratio of 2.38 and a beta of 1.06. The stock has a 50-day simple moving average of $396.63 and a 200 day simple moving average of $371.52.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.14. The firm had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.32 billion. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the business posted $2.79 earnings per share. Analysts expect that Trane Technologies plc will post 11.13 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.