Genesis Private Wealth LLC Takes Position in Trane Technologies plc (NYSE:TT)

Genesis Private Wealth LLC bought a new position in shares of Trane Technologies plc (NYSE:TT) during the 4th quarter, HoldingsChannel.com reports. The fund bought 566 shares of the company’s stock, valued at approximately $209,000.

Other hedge funds also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. purchased a new stake in shares of Trane Technologies during the third quarter worth approximately $27,000. Global Wealth Strategies & Associates acquired a new position in Trane Technologies during the 4th quarter worth approximately $26,000. DT Investment Partners LLC purchased a new stake in shares of Trane Technologies in the 3rd quarter valued at approximately $36,000. Pittenger & Anderson Inc. acquired a new stake in shares of Trane Technologies in the 3rd quarter valued at $39,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Trane Technologies during the 3rd quarter worth $44,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on Trane Technologies from $390.00 to $387.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Northcoast Research initiated coverage on Trane Technologies in a research note on Friday, November 22nd. They set a “buy” rating and a $500.00 target price for the company. HSBC downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price objective for the company. in a research note on Thursday, October 31st. Citigroup lowered their target price on shares of Trane Technologies from $478.00 to $476.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, Mizuho upped their price target on shares of Trane Technologies from $325.00 to $400.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $420.64.

Insider Activity

In related news, SVP Mairead Magner sold 4,329 shares of the stock in a transaction dated 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 sale, the senior vice president now directly owns 12,893 shares of the company’s stock, valued at approximately $5,363,488. This represents a 25.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.38% of the company’s stock.

Trane Technologies Trading Up 0.6 %

NYSE:TT opened at $399.35 on Thursday. Trane Technologies plc has a 1 year low of $249.21 and a 1 year 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 fifty day moving average price of $394.99 and a two-hundred day moving average price of $374.68. The stock has a market capitalization of $89.86 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 2.11 and a beta of 1.06.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.14. The business 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 was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.79 EPS. As a group, sell-side analysts anticipate that Trane Technologies plc will post 11.15 earnings per share for the current fiscal year.

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.