Transatlantique Private Wealth LLC Sells 230 Shares of Trane Technologies plc (NYSE:TT)

Transatlantique Private Wealth LLC trimmed its stake in Trane Technologies plc (NYSE:TT) by 7.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,750 shares of the company’s stock after selling 230 shares during the period. Transatlantique Private Wealth LLC’s holdings in Trane Technologies were worth $873,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Aveo Capital Partners LLC raised its stake in shares of Trane Technologies by 4.5% in 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 boosted 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 purchasing an additional 545 shares in the last quarter. D.A. Davidson & CO. boosted its stake in Trane Technologies by 14.9% in the fourth quarter. D.A. Davidson & CO. now owns 6,377 shares of the company’s stock worth $1,555,000 after purchasing an additional 827 shares in the last quarter. Trexquant Investment LP grew its holdings 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 worth $1,728,000 after purchasing an additional 5,257 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of Trane Technologies by 7.7% in the fourth quarter. Assetmark Inc. now owns 19,402 shares of the company’s stock valued at $4,732,000 after buying an additional 1,394 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Robert W. Baird increased their price objective on shares of Trane Technologies from $360.00 to $365.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Barclays increased their price target on shares of Trane Technologies from $385.00 to $394.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Royal Bank of Canada boosted their price objective on shares of Trane Technologies from $334.00 to $350.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. Wells Fargo & Company increased their price objective on Trane Technologies from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Friday, September 6th. Finally, Morgan Stanley assumed coverage on Trane Technologies in a research report on Friday, September 6th. They set an “overweight” rating and a $425.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $343.54.

Trane Technologies Trading Up 0.9 %

NYSE:TT opened at $384.93 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.84 and a debt-to-equity ratio of 0.62. Trane Technologies plc has a 1-year low of $184.02 and a 1-year high of $387.71. The firm has a market capitalization of $87.13 billion, a price-to-earnings ratio of 41.13, a PEG ratio of 2.45 and a beta of 1.01. The business’s 50-day moving average price is $344.77 and its two-hundred day moving average price is $325.45.

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

Insider Transactions at Trane Technologies

In related news, CEO David S. Regnery sold 29,450 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 132,946 shares of the company’s stock, valued at approximately $42,708,902.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Raymond D. Pittard sold 1,805 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $328.65, for a total value of $593,213.25. Following the completion of the transaction, the executive vice president now owns 83,517 shares in the company, valued at $27,447,862.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David S. Regnery sold 29,450 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now 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.

About Trane Technologies

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.