Watershed Private Wealth LLC Has $378,000 Position in Trane Technologies plc (NYSE:TT)

Watershed Private Wealth LLC lessened its position in Trane Technologies plc (NYSE:TT) by 3.9% during the 4th quarter, Holdings Channel reports. The firm owned 1,023 shares of the company’s stock after selling 41 shares during the quarter. Watershed Private Wealth LLC’s holdings in Trane Technologies were worth $378,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TT. Creative Planning grew its holdings in shares of Trane Technologies by 5.1% during the second quarter. Creative Planning now owns 59,310 shares of the company’s stock worth $19,509,000 after purchasing an additional 2,901 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Trane Technologies by 8.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 22,833 shares of the company’s stock worth $7,510,000 after acquiring an additional 1,750 shares during the last quarter. Quarry LP acquired a new stake in Trane Technologies in the 2nd quarter valued at about $39,000. EP Wealth Advisors LLC raised its stake in shares of Trane Technologies by 2.8% in the second quarter. EP Wealth Advisors LLC now owns 1,493 shares of the company’s stock worth $491,000 after acquiring an additional 41 shares during the last quarter. Finally, Truist Financial Corp lifted its position in shares of Trane Technologies by 3.0% during the second quarter. Truist Financial Corp now owns 354,263 shares of the company’s stock worth $116,528,000 after purchasing an additional 10,413 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Trading Down 0.6 %

TT opened at $365.41 on Wednesday. The stock has a market capitalization of $82.23 billion, a P/E ratio of 33.90, a P/E/G ratio of 2.16 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 $250.77 and a 12 month high of $422.00. The firm’s fifty day simple moving average is $393.50 and its 200 day simple moving average is $376.20.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.14. The company had revenue of $5.44 billion for 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 quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.79 earnings per share. As a group, research analysts anticipate that Trane Technologies plc will post 11.16 EPS for the current fiscal year.

Analysts Set New Price Targets

TT has been the subject of a number of recent research reports. Barclays boosted their price target on shares of Trane Technologies from $440.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. HSBC downgraded Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price target on the stock. in a research note on Thursday, October 31st. JPMorgan Chase & Co. decreased their price objective on Trane Technologies from $390.00 to $387.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. UBS Group began coverage on Trane Technologies in a research note on Wednesday, November 13th. They issued a “buy” rating and a $500.00 target price on the stock. Finally, Citigroup decreased their target price on Trane Technologies from $478.00 to $476.00 and set a “buy” rating for the company in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $417.81.

Insider Activity at Trane Technologies

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of Trane Technologies stock in a transaction on 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 in the company, valued at approximately $5,363,488. The trade was a 25.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.38% of the stock is owned by 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.