City Holding Co. Has $6.28 Million Stock Holdings in Trane Technologies plc (NYSE:TT)

City Holding Co. raised its position in shares of Trane Technologies plc (NYSE:TT) by 2.6% in the 3rd quarter, Holdings Channel reports. The firm owned 16,159 shares of the company’s stock after acquiring an additional 413 shares during the period. Trane Technologies accounts for approximately 0.9% of City Holding Co.’s holdings, making the stock its 27th largest position. City Holding Co.’s holdings in Trane Technologies were worth $6,281,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. GoalVest Advisory LLC lifted its stake in Trane Technologies by 157.1% in the 1st quarter. GoalVest Advisory LLC now owns 90 shares of the company’s stock valued at $27,000 after purchasing an additional 55 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. acquired a new position in Trane Technologies in the 1st quarter valued at approximately $27,000. BOK Financial Private Wealth Inc. bought a new stake in shares of Trane Technologies in the first quarter worth $30,000. Fortitude Family Office LLC increased its holdings in Trane Technologies by 63.2% in the second quarter. Fortitude Family Office LLC now owns 111 shares of the company’s stock valued at $37,000 after purchasing an additional 43 shares during the period. Finally, Triad Wealth Partners LLC acquired a new position in Trane Technologies during the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Price Performance

TT opened at $396.50 on Wednesday. The firm’s fifty day moving average price is $356.29 and its two-hundred day moving average price is $333.46. The company has a market capitalization of $89.75 billion, a price-to-earnings ratio of 42.36, a P/E/G ratio of 2.68 and a beta of 1.01. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.17 and a quick ratio of 0.84. Trane Technologies plc has a 1 year low of $184.02 and a 1 year high of $398.00.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.22. Trane Technologies had a net margin of 12.33% and a return on equity of 33.97%. The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.13 billion. During the same period in the prior year, the firm posted $2.68 EPS. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, analysts anticipate that Trane Technologies plc will post 10.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO David S. Regnery sold 29,450 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $321.25, for a total transaction of $9,460,812.50. Following the completion of the transaction, the chief executive officer now owns 132,946 shares in the company, valued at approximately $42,708,902.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Trane Technologies news, EVP Raymond D. Pittard sold 1,805 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $328.65, for a total transaction of $593,213.25. Following the completion of the transaction, the executive vice president now owns 83,517 shares in the company, valued at $27,447,862.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David S. Regnery sold 29,450 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $321.25, for a total transaction of $9,460,812.50. Following the completion of the sale, the chief executive officer now directly owns 132,946 shares in the company, valued at approximately $42,708,902.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TT has been the subject of a number of analyst reports. Wells Fargo & Company raised their price objective on Trane Technologies from $320.00 to $360.00 and gave the stock an “underweight” rating in a research report on Monday. Morgan Stanley began coverage on shares of Trane Technologies in a research report on Friday, September 6th. They set an “overweight” rating and a $425.00 price objective for the company. Royal Bank of Canada boosted their target price on shares of Trane Technologies from $334.00 to $350.00 and gave the company a “sector perform” rating in a report on Thursday, August 1st. Barclays boosted their price target on Trane Technologies from $394.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Stephens reiterated an “equal weight” rating and set a $350.00 target price on shares of Trane Technologies in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Trane Technologies has a consensus rating of “Hold” and an average price target of $360.58.

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.