City Holding Co. Has $5.82 Million Stock Holdings in Trane Technologies plc (NYSE:TT)

City Holding Co. lowered its holdings in shares of Trane Technologies plc (NYSE:TT) by 2.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,752 shares of the company’s stock after selling 407 shares during the period. City Holding Co.’s holdings in Trane Technologies were worth $5,818,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Oppenheimer Asset Management Inc. bought a new position in shares of Trane Technologies during the second quarter worth about $225,000. Canada Pension Plan Investment Board increased its stake in shares of Trane Technologies by 13.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 159,547 shares of the company’s stock valued at $52,480,000 after acquiring an additional 18,933 shares in the last quarter. Bridges Investment Management Inc. grew its stake in shares of Trane Technologies by 100.0% in the 2nd quarter. Bridges Investment Management Inc. now owns 1,600 shares of the company’s stock valued at $526,000 after buying an additional 800 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Trane Technologies by 3.3% during the second quarter. Pacer Advisors Inc. now owns 18,415 shares of the company’s stock valued at $6,057,000 after acquiring an additional 583 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in Trane Technologies by 3.2% during the second quarter. Sei Investments Co. now owns 316,015 shares of the company’s stock worth $103,950,000 after buying an additional 9,850 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TT has been the subject of a number of analyst reports. HSBC lowered Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price target for the company. in a research report on Thursday, October 31st. Citigroup cut their price objective on shares of Trane Technologies from $478.00 to $476.00 and set a “buy” rating for the company in a report on Monday, January 13th. UBS Group started coverage on shares of Trane Technologies in a research note on Wednesday, November 13th. They set a “buy” rating and a $500.00 price objective for the company. Barclays raised their target price on shares of Trane Technologies from $440.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Finally, Royal Bank of Canada raised their price objective on Trane Technologies from $390.00 to $395.00 and gave the company a “sector perform” rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $420.64.

Insider Transactions at Trane Technologies

In related news, SVP Mairead Magner sold 4,329 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now owns 12,893 shares of the company’s stock, valued at $5,363,488. This trade represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.38% of the company’s stock.

Trane Technologies Stock Up 0.2 %

Shares of TT opened at $389.48 on Monday. The company has a market capitalization of $87.64 billion, a PE ratio of 36.13, a price-to-earnings-growth ratio of 1.95 and a beta of 1.06. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57. Trane Technologies plc has a 12-month low of $244.11 and a 12-month high of $422.00. The business’s 50 day moving average is $395.78 and its 200 day moving average is $373.51.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.14. The business had revenue of $5.44 billion during the quarter, compared to analyst estimates of $5.32 billion. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the company earned $2.79 EPS. Research analysts expect that Trane Technologies plc will post 11.13 earnings per share for the current fiscal year.

About Trane Technologies

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.