Winthrop Advisory Group LLC Sells 38 Shares of Trane Technologies plc (NYSE:TT)

Winthrop Advisory Group LLC lowered its holdings in shares of Trane Technologies plc (NYSE:TT) by 1.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,091 shares of the company’s stock after selling 38 shares during the period. Winthrop Advisory Group LLC’s holdings in Trane Technologies were worth $772,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. bought a new position in shares of Trane Technologies during the 3rd quarter valued at $27,000. Global Wealth Strategies & Associates bought a new stake in Trane Technologies in the 4th quarter worth $26,000. DT Investment Partners LLC bought a new stake in Trane Technologies in the 3rd quarter worth $36,000. Pittenger & Anderson Inc. bought a new stake in Trane Technologies in the 3rd quarter worth $39,000. Finally, Legacy Investment Solutions LLC bought a new stake in Trane Technologies in the 3rd quarter worth $44,000. Institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays raised their price target on shares of Trane Technologies from $440.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Robert W. Baird lowered their price target on shares of Trane Technologies from $408.00 to $404.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Mizuho lifted 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. The Goldman Sachs Group lifted their price target on shares of Trane Technologies from $364.00 to $407.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company lowered their price objective on Trane Technologies from $390.00 to $380.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $414.57.

Insider Activity at Trane Technologies

In other news, SVP Mairead Magner sold 4,329 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total transaction 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 $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 the SEC website. 0.38% of the stock is currently owned by corporate insiders.

Trane Technologies Stock Performance

Shares of Trane Technologies stock traded down $2.96 during trading hours on Monday, reaching $374.16. 138,895 shares of the stock traded hands, compared to its average volume of 1,048,786. The company has a 50 day moving average price of $396.63 and a 200 day moving average price of $371.81. The firm has a market capitalization of $84.19 billion, a price-to-earnings ratio of 34.71, a P/E/G ratio of 2.38 and a beta of 1.06. 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 plc has a one year low of $242.81 and a one year high of $422.00.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data 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 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%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.79 EPS. On average, equities research analysts expect that Trane Technologies plc will post 11.13 earnings per share 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.