Trium Capital LLP Buys 244 Shares of Trane Technologies plc (NYSE:TT)

Trium Capital LLP grew its stake in Trane Technologies plc (NYSE:TT) by 6.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,145 shares of the company’s stock after acquiring an additional 244 shares during the period. Trane Technologies makes up 0.2% of Trium Capital LLP’s investment portfolio, making the stock its 16th largest position. Trium Capital LLP’s holdings in Trane Technologies were worth $1,531,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Brooklyn Investment Group grew its holdings in Trane Technologies by 6.2% during the fourth quarter. Brooklyn Investment Group now owns 1,447 shares of the company’s stock valued at $534,000 after purchasing an additional 84 shares during the period. Merit Financial Group LLC raised its holdings in Trane Technologies by 67.2% in the fourth quarter. Merit Financial Group LLC now owns 4,170 shares of the company’s stock worth $1,540,000 after purchasing an additional 1,676 shares during the period. Wealthcare Advisory Partners LLC boosted its position in shares of Trane Technologies by 8.2% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 4,549 shares of the company’s stock worth $1,680,000 after purchasing an additional 346 shares in the last quarter. Procyon Advisors LLC increased its position in shares of Trane Technologies by 8.6% in the 4th quarter. Procyon Advisors LLC now owns 1,007 shares of the company’s stock valued at $372,000 after buying an additional 80 shares in the last quarter. Finally, Goldstone Financial Group LLC raised its stake in Trane Technologies by 47.2% during the 4th quarter. Goldstone Financial Group LLC now owns 864 shares of the company’s stock worth $319,000 after buying an additional 277 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Trading Up 0.2 %

Shares of NYSE:TT opened at $389.48 on Friday. The stock 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’s 50-day moving average price is $396.21 and its two-hundred day moving average price is $372.70. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.22 and a quick ratio of 0.92. Trane Technologies plc has a one year low of $244.11 and a one year high of $422.00.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, beating the consensus estimate of $3.23 by $0.14. The firm had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.79 earnings per share. On average, equities analysts forecast that Trane Technologies plc will post 11.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TT has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their target price on Trane Technologies from $390.00 to $380.00 and set an “underweight” rating for the company in a research note on Tuesday, January 7th. Northcoast Research initiated coverage on Trane Technologies in a research report on Friday, November 22nd. They issued 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 stock an “overweight” rating in a report on Thursday, December 5th. Hsbc Global Res cut shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Royal Bank of Canada increased their price objective on shares of Trane Technologies from $390.00 to $395.00 and gave the stock a “sector perform” rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $420.64.

Insider Activity at Trane Technologies

In other news, SVP Mairead Magner sold 4,329 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total value 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 approximately $5,363,488. This represents a 25.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is owned by company insiders.

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.