MRA Advisory Group Has $449,000 Stock Holdings in Trane Technologies plc (NYSE:TT)

MRA Advisory Group lowered its stake in Trane Technologies plc (NYSE:TT) by 15.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,215 shares of the company’s stock after selling 222 shares during the period. MRA Advisory Group’s holdings in Trane Technologies were worth $449,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TT. Global Wealth Strategies & Associates acquired a new position in shares of Trane Technologies in the fourth quarter valued at approximately $26,000. MidAtlantic Capital Management Inc. acquired a new position in Trane Technologies in the 3rd quarter valued at $27,000. DT Investment Partners LLC bought a new position in Trane Technologies during the 3rd quarter worth $36,000. Quarry LP acquired a new stake in shares of Trane Technologies during the second quarter worth $39,000. Finally, Pittenger & Anderson Inc. bought a new stake in shares of Trane Technologies in the third quarter valued at about $39,000. 82.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on TT shares. Hsbc Global Res cut shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Wells Fargo & Company dropped their price target on shares of Trane Technologies from $390.00 to $380.00 and set an “underweight” rating for the company in a research report on Tuesday, January 7th. Barclays increased their price target on Trane Technologies from $440.00 to $500.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. 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. Finally, Mizuho increased their target price on Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. 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’s stock. According to MarketBeat, Trane Technologies presently has a consensus rating of “Hold” and an average target price of $414.43.

Trane Technologies Price Performance

Shares of NYSE:TT opened at $376.88 on Tuesday. The firm has a 50 day simple moving average of $396.63 and a 200 day simple moving average of $372.12. The company has a market cap of $84.81 billion, a price-to-earnings ratio of 34.96, a PEG ratio of 2.38 and a beta of 1.06. Trane Technologies plc has a one year low of $242.81 and a one year high of $422.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.22 and a quick ratio of 0.92.

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

Insider Transactions at Trane Technologies

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of Trane Technologies stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total transaction 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.38% of the company’s stock.

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.