Trane Technologies plc (NYSE:TT) Stock Position Decreased by Fulcrum Capital LLC

Fulcrum Capital LLC decreased its stake in shares of Trane Technologies plc (NYSE:TT) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,883 shares of the company’s stock after selling 708 shares during the quarter. Trane Technologies comprises about 3.2% of Fulcrum Capital LLC’s investment portfolio, making the stock its 8th biggest holding. Fulcrum Capital LLC’s holdings in Trane Technologies were worth $15,469,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of TT. Global Wealth Strategies & Associates purchased a new stake in shares of Trane Technologies during the fourth quarter valued at $26,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Trane Technologies in the 3rd quarter worth $27,000. DT Investment Partners LLC purchased a new position in Trane Technologies in the third quarter worth about $36,000. Quarry LP bought a new stake in shares of Trane Technologies during the 2nd quarter valued at about $39,000. Finally, Pittenger & Anderson Inc. purchased a new stake in shares of Trane Technologies during the 3rd quarter valued at about $39,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on TT. Royal Bank of Canada boosted their target price on shares of Trane Technologies from $390.00 to $395.00 and gave the company a “sector perform” rating in a research report on Friday, January 3rd. Barclays boosted their price objective on shares of Trane Technologies from $440.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. UBS Group initiated coverage on Trane Technologies in a research report on Wednesday, November 13th. They set a “buy” rating and a $500.00 target price on the stock. Citigroup reduced their price target on Trane Technologies from $478.00 to $476.00 and set a “buy” rating for the company in a research report on Monday. Finally, Northcoast Research initiated coverage on shares of Trane Technologies in a research note on Friday, November 22nd. They set a “buy” rating and a $500.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $414.43.

Trane Technologies Trading Down 0.1 %

NYSE TT traded down $0.43 on Monday, hitting $376.69. 562,558 shares of the stock were exchanged, compared to its average volume of 1,110,358. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 1.22. Trane Technologies plc has a 52-week low of $242.81 and a 52-week high of $422.00. The firm has a market capitalization of $84.76 billion, a P/E ratio of 34.94, a P/E/G ratio of 2.38 and a beta of 1.06. The stock has a fifty day moving average price of $396.63 and a two-hundred day moving average price of $371.81.

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

Insiders Place Their Bets

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 transaction, the senior vice president now directly owns 12,893 shares of the company’s stock, valued at approximately $5,363,488. The trade was a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.38% of the company’s stock.

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.