Fiduciary Alliance LLC Invests $838,000 in Trane Technologies plc (NYSE:TT)

Fiduciary Alliance LLC bought a new position in shares of Trane Technologies plc (NYSE:TT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,270 shares of the company’s stock, valued at approximately $838,000.

Several other hedge funds have also modified their holdings of the stock. Czech National Bank raised its holdings in Trane Technologies by 6.1% during the 4th quarter. Czech National Bank now owns 48,790 shares of the company’s stock worth $18,021,000 after buying an additional 2,819 shares during the period. Hilltop National Bank raised its holdings in shares of Trane Technologies by 0.7% during the fourth quarter. Hilltop National Bank now owns 6,140 shares of the company’s stock valued at $2,268,000 after acquiring an additional 40 shares during the period. ST Germain D J Co. Inc. raised its holdings in shares of Trane Technologies by 9.1% during the fourth quarter. ST Germain D J Co. Inc. now owns 4,053 shares of the company’s stock valued at $1,497,000 after acquiring an additional 337 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Trane Technologies by 1.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 59,837 shares of the company’s stock valued at $23,260,000 after acquiring an additional 745 shares in the last quarter. Finally, First Hawaiian Bank boosted its stake in Trane Technologies by 5.0% in the 4th quarter. First Hawaiian Bank now owns 19,556 shares of the company’s stock worth $7,223,000 after purchasing an additional 923 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Trane Technologies

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total transaction 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 $5,363,488. This represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.38% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Mizuho increased their target price on Trane Technologies from $325.00 to $400.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Hsbc Global Res lowered Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Citigroup dropped their target price on Trane Technologies from $478.00 to $476.00 and set a “buy” rating on the stock in a report on Monday. HSBC cut shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price target for the company. in a report on Thursday, October 31st. Finally, Northcoast Research initiated coverage on shares of Trane Technologies in a research note on Friday, November 22nd. They issued a “buy” rating and a $500.00 price objective on the stock. One 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $414.43.

Trane Technologies Price Performance

Shares of NYSE:TT opened at $376.88 on Tuesday. 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 stock has a market capitalization of $84.81 billion, a P/E ratio of 34.96, a P/E/G ratio of 2.38 and a beta of 1.06. The business has a 50-day moving average of $396.63 and a two-hundred day moving average of $372.12. Trane Technologies plc has a fifty-two week low of $242.81 and a fifty-two week high of $422.00.

Trane Technologies (NYSE:TT) last announced its earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $5.32 billion. During the same quarter in the prior year, the business earned $2.79 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. On average, equities research analysts predict that Trane Technologies plc will post 11.13 EPS 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.