Choreo LLC Purchases 9,961 Shares of Trane Technologies plc (NYSE:TT)

Choreo LLC increased its position in Trane Technologies plc (NYSE:TT) by 313.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 13,139 shares of the company’s stock after buying an additional 9,961 shares during the quarter. Choreo LLC’s holdings in Trane Technologies were worth $4,228,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Motco bought a new position in shares of Trane Technologies in the fourth quarter worth about $27,000. Sachetta LLC purchased a new position in Trane Technologies in the 4th quarter worth approximately $27,000. GoalVest Advisory LLC boosted its stake in Trane Technologies by 157.1% in the 1st quarter. GoalVest Advisory LLC now owns 90 shares of the company’s stock worth $27,000 after purchasing an additional 55 shares during the period. Dixon Mitchell Investment Counsel Inc. purchased a new stake in Trane Technologies during the 1st quarter valued at approximately $27,000. Finally, BOK Financial Private Wealth Inc. purchased a new position in shares of Trane Technologies in the first quarter worth $30,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TT shares. Royal Bank of Canada increased their price target on shares of Trane Technologies from $334.00 to $350.00 and gave the company a “sector perform” rating in a report on Thursday, August 1st. Wells Fargo & Company lifted their target price on Trane Technologies from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Friday. Stephens restated an “equal weight” rating and set a $350.00 price target on shares of Trane Technologies in a report on Monday, August 5th. Morgan Stanley began coverage on shares of Trane Technologies in a research note on Friday. They set an “overweight” rating and a $425.00 price objective for the company. Finally, Robert W. Baird increased their target price on shares of Trane Technologies from $360.00 to $365.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Trane Technologies has a consensus rating of “Hold” and an average target price of $337.29.

Trane Technologies Trading Up 0.9 %

Shares of TT opened at $345.30 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.17 and a quick ratio of 0.84. The firm has a market capitalization of $77.92 billion, a price-to-earnings ratio of 36.89, a PEG ratio of 2.38 and a beta of 1.01. The company has a 50-day moving average of $338.95 and a 200 day moving average of $320.77. Trane Technologies plc has a 1-year low of $184.02 and a 1-year high of $363.15.

Trane Technologies (NYSE:TT) last issued its earnings results on Wednesday, July 31st. The company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.22. Trane Technologies had a return on equity of 33.97% and a net margin of 12.33%. The business had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.13 billion. During the same period in the previous year, the company posted $2.68 EPS. Trane Technologies’s revenue was up 12.8% on a year-over-year basis. On average, research analysts expect that Trane Technologies plc will post 10.82 EPS for the current year.

Insider Buying and Selling

In other news, CEO David S. Regnery sold 29,450 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $321.25, for a total transaction of $9,460,812.50. Following the transaction, the chief executive officer now directly owns 132,946 shares in the company, valued at $42,708,902.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO David S. Regnery sold 29,450 shares of the business’s stock in a transaction that occurred on 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Raymond D. Pittard sold 1,805 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $328.65, for a total value of $593,213.25. Following the sale, the executive vice president now directly owns 83,517 shares in the company, valued at approximately $27,447,862.05. The disclosure for this sale can be found here. 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.