West Oak Capital LLC Sells 1,360 Shares of Trane Technologies plc (NYSE:TT)

West Oak Capital LLC cut its position in Trane Technologies plc (NYSE:TT) by 69.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 600 shares of the company’s stock after selling 1,360 shares during the quarter. West Oak Capital LLC’s holdings in Trane Technologies were worth $222,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TT. MidAtlantic Capital Management Inc. bought a new stake in shares of Trane Technologies during the 3rd quarter valued at $27,000. Global Wealth Strategies & Associates bought a new stake in shares of Trane Technologies during the 4th quarter valued at $26,000. DT Investment Partners LLC bought a new stake in shares of Trane Technologies during the 3rd quarter valued at $36,000. Pittenger & Anderson Inc. bought a new stake in shares of Trane Technologies during the 3rd quarter valued at $39,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Trane Technologies during the 3rd quarter valued at $44,000. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Stock Down 2.2 %

Shares of NYSE:TT traded down $8.67 during trading on Friday, hitting $377.43. The stock had a trading volume of 985,117 shares, compared to its average volume of 1,208,219. Trane Technologies plc has a 12 month low of $242.49 and a 12 month high of $422.00. The company has a market capitalization of $84.93 billion, a PE ratio of 35.01, a PEG ratio of 2.38 and a beta of 1.06. The firm’s fifty day moving average is $396.61 and its 200 day moving average is $370.99. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 0.57.

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 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 prior year, the company earned $2.79 EPS. The business’s revenue was up 10.0% compared to the same quarter last year. Analysts anticipate that Trane Technologies plc will post 11.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TT has been the subject of several recent analyst reports. Northcoast Research initiated coverage on Trane Technologies in a research report on Friday, November 22nd. They set a “buy” rating and a $500.00 target price for the company. The Goldman Sachs Group boosted their target price on Trane Technologies from $364.00 to $407.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. HSBC cut Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 target price for the company. in a research report on Thursday, October 31st. UBS Group initiated coverage on Trane Technologies in a report on Wednesday, November 13th. They issued a “buy” rating and a $500.00 price objective for the company. Finally, Hsbc Global Res cut Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $414.57.

Insider Buying and Selling at Trane Technologies

In related news, SVP Mairead Magner sold 4,329 shares of the business’s stock in a transaction that occurred on 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 approximately $5,363,488. The trade was a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.38% of the stock is owned by company insiders.

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.