Trane Technologies plc (NYSE:TT) Shares Acquired by Diversified Trust Co

Diversified Trust Co boosted its stake in Trane Technologies plc (NYSE:TT) by 58.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,253 shares of the company’s stock after acquiring an additional 1,943 shares during the period. Diversified Trust Co’s holdings in Trane Technologies were worth $1,941,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Asset Dedication LLC purchased a new stake in shares of Trane Technologies during the second quarter worth approximately $81,000. Caprock Group LLC increased its stake in Trane Technologies by 93.3% in the 2nd quarter. Caprock Group LLC now owns 3,863 shares of the company’s stock valued at $1,271,000 after buying an additional 1,865 shares during the period. Ballentine Partners LLC raised its position in Trane Technologies by 17.5% during the 2nd quarter. Ballentine Partners LLC now owns 2,346 shares of the company’s stock worth $772,000 after buying an additional 349 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in shares of Trane Technologies by 48.5% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 2,547 shares of the company’s stock worth $838,000 after acquiring an additional 832 shares during the period. Finally, Wedbush Securities Inc. boosted its holdings in shares of Trane Technologies by 321.9% in the second quarter. Wedbush Securities Inc. now owns 7,481 shares of the company’s stock valued at $2,461,000 after acquiring an additional 5,708 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TT has been the subject of several analyst reports. Northcoast Research began coverage on shares of Trane Technologies in a report on Friday, November 22nd. They set a “buy” rating and a $500.00 price target for the company. Mizuho raised their price target on Trane Technologies from $325.00 to $400.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. HSBC lowered Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price objective on the stock. in a report on Thursday, October 31st. Wells Fargo & Company reduced their target price on Trane Technologies from $390.00 to $380.00 and set an “underweight” rating for the company in a report on Tuesday. Finally, Royal Bank of Canada upped their price target on shares of Trane Technologies from $390.00 to $395.00 and gave the stock a “sector perform” rating in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, Trane Technologies currently has a consensus rating of “Hold” and an average target price of $414.57.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total value of $1,800,864.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.38% of the stock is owned by insiders.

Trane Technologies Trading Down 0.9 %

Shares of TT opened at $380.19 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.22 and a quick ratio of 0.92. Trane Technologies plc has a 1-year low of $239.03 and a 1-year high of $422.00. The stock has a market cap of $85.55 billion, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 2.38 and a beta of 1.06. The firm has a 50 day simple moving average of $396.08 and a 200-day simple moving average of $370.78.

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