West Oak Capital LLC Sells 75 Shares of Trane Technologies plc (NYSE:TT)

West Oak Capital LLC lessened its position in shares of Trane Technologies plc (NYSE:TT) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,885 shares of the company’s stock after selling 75 shares during the period. West Oak Capital LLC’s holdings in Trane Technologies were worth $696,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Oppenheimer & Co. Inc. increased its position in Trane Technologies by 3.2% during the second quarter. Oppenheimer & Co. Inc. now owns 9,079 shares of the company’s stock worth $2,986,000 after acquiring an additional 282 shares during the period. Parallel Advisors LLC increased its holdings in shares of Trane Technologies by 16.4% during the second quarter. Parallel Advisors LLC now owns 2,468 shares of the company’s stock worth $812,000 after purchasing an additional 348 shares during the period. Wealthspire Advisors LLC raised its position in shares of Trane Technologies by 1.3% in the second quarter. Wealthspire Advisors LLC now owns 3,002 shares of the company’s stock valued at $987,000 after buying an additional 39 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Trane Technologies in the second quarter valued at approximately $225,000. Finally, Envestnet Asset Management Inc. grew its position in Trane Technologies by 8.1% during the second quarter. Envestnet Asset Management Inc. now owns 312,629 shares of the company’s stock worth $102,833,000 after buying an additional 23,376 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Stock Performance

NYSE:TT opened at $376.88 on Tuesday. The stock’s 50-day moving average is $396.63 and its 200-day moving average is $372.12. Trane Technologies plc has a 1-year low of $242.81 and a 1-year high of $422.00. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57. The stock has a market cap of $84.81 billion, a P/E ratio of 34.96, a price-to-earnings-growth ratio of 2.38 and a beta of 1.06.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $5.32 billion. During the same period in the prior year, the company posted $2.79 EPS. The company’s revenue was up 10.0% on a year-over-year basis. Equities research analysts anticipate that Trane Technologies plc will post 11.13 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Mairead Magner sold 4,329 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total transaction of $1,800,864.00. Following the completion of the sale, the senior vice president now directly owns 12,893 shares in the company, valued at $5,363,488. This represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Robert W. Baird dropped their price objective on Trane Technologies from $408.00 to $404.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Citigroup cut their price objective on shares of Trane Technologies from $478.00 to $476.00 and set a “buy” rating for the company in a research report on Monday. Hsbc Global Res lowered shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Royal Bank of Canada upped their price target on shares of Trane Technologies from $390.00 to $395.00 and gave the stock a “sector perform” rating in a report on Friday, January 3rd. Finally, HSBC cut shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price objective on the stock. in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $414.43.

Trane Technologies 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.