Zions Bancorporation N.A. Sells 186 Shares of Trane Technologies plc (NYSE:TT)

Zions Bancorporation N.A. cut its stake in Trane Technologies plc (NYSE:TT) by 7.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,451 shares of the company’s stock after selling 186 shares during the period. Zions Bancorporation N.A.’s holdings in Trane Technologies were worth $806,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. GoalVest Advisory LLC raised its position in Trane Technologies by 157.1% in 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 last quarter. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Trane Technologies during the first quarter valued at approximately $27,000. BOK Financial Private Wealth Inc. acquired a new stake in shares of Trane Technologies in the first quarter valued at approximately $30,000. Sachetta LLC acquired a new position in Trane Technologies during the 4th quarter worth $27,000. Finally, Motco acquired a new stake in shares of Trane Technologies in the 4th quarter valued at $27,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Stock Performance

Shares of TT opened at $364.22 on Friday. Trane Technologies plc has a one year low of $184.02 and a one year high of $366.21. The company has a market cap of $82.44 billion, a PE ratio of 38.91, a price-to-earnings-growth ratio of 2.45 and a beta of 1.01. The firm has a 50-day moving average of $341.06 and a 200-day moving average of $322.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.17 and a quick ratio of 0.84.

Trane Technologies (NYSE:TT) last issued its earnings results on Wednesday, July 31st. The company reported $3.30 EPS for the quarter, topping the consensus estimate of $3.08 by $0.22. Trane Technologies had a return on equity of 33.97% and a net margin of 12.33%. The company had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.13 billion. During the same period in the previous year, the company posted $2.68 EPS. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, equities analysts forecast that Trane Technologies plc will post 10.87 earnings per share for the current year.

Insider Activity at Trane Technologies

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TT shares. Robert W. Baird increased their price objective on shares of Trane Technologies from $360.00 to $365.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Wells Fargo & Company upped their target price on shares of Trane Technologies from $315.00 to $320.00 and gave the company an “underweight” rating in a research note on Friday, September 6th. Barclays raised their price objective on Trane Technologies from $385.00 to $394.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Morgan Stanley initiated coverage on Trane Technologies in a report on Friday, September 6th. They set an “overweight” rating and a $425.00 price objective on the stock. Finally, UBS Group increased their price objective on shares of Trane Technologies from $330.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, June 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Trane Technologies currently has a consensus rating of “Hold” and an average target price of $337.29.

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.