ORG Wealth Partners LLC Decreases Holdings in Trane Technologies plc (NYSE:TT)

by · The Cerbat Gem

ORG Wealth Partners LLC cut its holdings in shares of Trane Technologies plc (NYSE:TT – Free Report) by 19.5% during the 4th quarter, HoldingsChannel reports. The fund owned 269 shares of the company’s stock after selling 65 shares during the quarter. ORG Wealth Partners LLC’s holdings in Trane Technologies were worth $99,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Global Wealth Strategies & Associates bought a new position in shares of Trane Technologies in the fourth quarter worth approximately $26,000. MidAtlantic Capital Management Inc. bought a new position in shares of Trane Technologies in the third quarter worth approximately $27,000. DT Investment Partners LLC bought a new position in shares of Trane Technologies in the third quarter worth approximately $36,000. Quarry LP bought a new position in shares of Trane Technologies in the second quarter worth approximately $39,000. Finally, Pittenger & Anderson Inc. bought a new position in shares of Trane Technologies in the third quarter worth approximately $39,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the business’s stock in a transaction dated 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 owns 12,893 shares of the company’s stock, valued at approximately $5,363,488. The trade was a 25.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.38% of the stock is owned by insiders.

Trane Technologies Price Performance

TT opened at $377.43 on Friday. The stock has a 50-day moving average price of $396.63 and a 200-day moving average price of $371.27. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.22 and a quick ratio of 0.92. The firm has a market cap of $84.93 billion, a PE ratio of 35.01, a P/E/G ratio of 2.38 and a beta of 1.06. Trane Technologies plc has a 1 year low of $242.49 and a 1 year high of $422.00.

Trane Technologies (NYSE:TT – Get Free Report) last posted its quarterly earnings results 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. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The firm had revenue of $5.44 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same quarter in the previous year, the firm earned $2.79 EPS. Trane Technologies’s quarterly revenue was up 10.0% compared to the same quarter last year. Sell-side analysts predict that Trane Technologies plc will post 11.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TT shares. Robert W. Baird cut their price target on shares of Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. HSBC cut shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price target on the stock. in a report on Thursday, October 31st. UBS Group initiated coverage on Trane Technologies in a research report on Wednesday, November 13th. They set a “buy” rating and a $500.00 price objective for the company. Hsbc Global Res lowered Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Northcoast Research initiated coverage on Trane Technologies in a research report on Friday, November 22nd. They set a “buy” rating and a $500.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $414.57.

Check Out Our Latest Analysis on TT

Trane Technologies Profile

(Free Report)

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.

Further Reading

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