Cullinan Associates Inc. Sells 715 Shares of Trane Technologies plc (NYSE:TT)

Cullinan Associates Inc. lowered its holdings in Trane Technologies plc (NYSE:TT) by 25.4% in the 4th quarter, Holdings Channel reports. The firm owned 2,100 shares of the company’s stock after selling 715 shares during the period. Cullinan Associates Inc.’s holdings in Trane Technologies were worth $776,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TT. Global Wealth Strategies & Associates purchased a new position in Trane Technologies in the 4th quarter worth about $26,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Trane Technologies during the third quarter valued at approximately $27,000. DT Investment Partners LLC bought a new position in Trane Technologies during the third quarter valued at approximately $36,000. Sound Income Strategies LLC boosted its holdings in Trane Technologies by 1,314.3% in the fourth quarter. Sound Income Strategies LLC now owns 99 shares of the company’s stock worth $37,000 after purchasing an additional 92 shares during the last quarter. Finally, Pittenger & Anderson Inc. bought a new stake in shares of Trane Technologies in the third quarter worth $39,000. 82.97% of the stock is owned by institutional investors.

Trane Technologies Trading Down 0.6 %

NYSE TT opened at $360.68 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58. The company has a fifty day simple moving average of $389.53 and a two-hundred day simple moving average of $376.84. Trane Technologies plc has a 12-month low of $265.37 and a 12-month high of $422.00. The stock has a market cap of $81.16 billion, a P/E ratio of 32.06, a P/E/G ratio of 2.18 and a beta of 1.05.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.09. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. On average, analysts forecast that Trane Technologies plc will post 12.79 earnings per share for the current year.

Analyst Ratings Changes

TT has been the subject of several analyst reports. HSBC lowered Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price objective for the company. in a research note on Thursday, October 31st. Royal Bank of Canada increased their price objective on shares of Trane Technologies from $390.00 to $395.00 and gave the company a “sector perform” rating in a report on Friday, January 3rd. Citigroup reduced their target price on Trane Technologies from $478.00 to $476.00 and set a “buy” rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group upped their price target on shares of Trane Technologies from $364.00 to $407.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, Barclays increased their price target on Trane Technologies from $440.00 to $500.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Trane Technologies presently has an average rating of “Hold” and an average price target of $415.25.

Insider Buying and Selling at Trane Technologies

In related news, SVP Mairead Magner sold 4,329 shares of Trane Technologies 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 completion of the transaction, the senior vice president now directly owns 12,893 shares in the company, valued at approximately $5,363,488. This trade represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.38% of the company’s stock.

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.