Collective Family Office LLC Has $428,000 Position in Trane Technologies plc (NYSE:TT)

Collective Family Office LLC cut its holdings in Trane Technologies plc (NYSE:TT) by 3.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,101 shares of the company’s stock after selling 45 shares during the quarter. Collective Family Office LLC’s holdings in Trane Technologies were worth $428,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. GoalVest Advisory LLC lifted its position in Trane Technologies by 157.1% during 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 period. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Trane Technologies during the 1st quarter worth $27,000. BOK Financial Private Wealth Inc. bought a new stake in shares of Trane Technologies during the 1st quarter valued at $30,000. Fortitude Family Office LLC lifted its stake in shares of Trane Technologies by 63.2% in the 2nd 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 bought a new position in shares of Trane Technologies in the 2nd quarter worth $39,000. 82.97% of the stock is owned by institutional investors.

Trane Technologies Stock Up 0.4 %

Shares of TT stock traded up $1.43 during trading on Friday, reaching $388.36. The company’s stock had a trading volume of 595,803 shares, compared to its average volume of 1,106,457. The company has a market cap of $87.91 billion, a price-to-earnings ratio of 41.50, a price-to-earnings-growth ratio of 2.68 and a beta of 1.01. Trane Technologies plc has a one year low of $184.02 and a one year high of $391.94. The business has a fifty day moving average price of $355.12 and a 200-day moving average price of $332.35. The company has a quick ratio of 0.84, a current ratio of 1.17 and a debt-to-equity ratio of 0.62.

Trane Technologies (NYSE:TT) last released its earnings results on Wednesday, July 31st. The company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.22. The business had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.13 billion. Trane Technologies had a return on equity of 33.97% and a net margin of 12.33%. Trane Technologies’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.68 earnings per share. Analysts anticipate that Trane Technologies plc will post 10.87 earnings per share for the current year.

Insider Activity at Trane Technologies

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

Wall Street Analyst Weigh In

TT has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price target on Trane Technologies from $334.00 to $350.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. Robert W. Baird increased their target price on shares of Trane Technologies from $360.00 to $365.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Stephens reissued an “equal weight” rating and issued a $350.00 target price on shares of Trane Technologies in a research note on Monday, August 5th. Barclays raised their price target on Trane Technologies from $394.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Morgan Stanley began coverage on Trane Technologies in a research note on Friday, September 6th. They set an “overweight” rating and a $425.00 target price for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $345.92.

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.