Argent Capital Management LLC Has $2.03 Million Stock Position in Trane Technologies plc (NYSE:TT)

Argent Capital Management LLC cut its stake in Trane Technologies plc (NYSE:TT) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,493 shares of the company’s stock after selling 422 shares during the period. Argent Capital Management LLC’s holdings in Trane Technologies were worth $2,029,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. ERn Financial LLC boosted its position in shares of Trane Technologies by 3.5% during the 4th quarter. ERn Financial LLC now owns 1,907 shares of the company’s stock valued at $704,000 after acquiring an additional 65 shares in the last quarter. Burney Co. increased its stake in shares of Trane Technologies by 116.0% in the fourth quarter. Burney Co. now owns 40,441 shares of the company’s stock valued at $14,937,000 after buying an additional 21,717 shares in the last quarter. Peak Financial Advisors LLC bought a new stake in shares of Trane Technologies during the fourth quarter worth $3,011,000. Park Avenue Securities LLC boosted its position in shares of Trane Technologies by 17.9% in the 4th quarter. Park Avenue Securities LLC now owns 17,891 shares of the company’s stock worth $6,608,000 after purchasing an additional 2,720 shares during the last quarter. Finally, Board of the Pension Protection Fund bought a new stake in shares of Trane Technologies in the 4th quarter valued at about $813,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Trane Technologies

In related news, SVP Mairead Magner sold 4,329 shares of the company’s 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.38% of the stock is owned by insiders.

Trane Technologies Stock Performance

NYSE:TT opened at $385.50 on Thursday. Trane Technologies plc has a 52-week low of $242.81 and a 52-week high of $422.00. The business’s fifty day moving average is $396.47 and its 200 day moving average is $372.50. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 1.22. The firm has a market cap of $86.75 billion, a price-to-earnings ratio of 35.76, a PEG ratio of 1.95 and a beta of 1.06.

Trane Technologies (NYSE:TT) last posted its earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share for the quarter, topping 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 business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same quarter in the prior year, the firm posted $2.79 EPS. Trane Technologies’s revenue was up 10.0% on a year-over-year basis. Research analysts predict that Trane Technologies plc will post 11.13 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TT shares. HSBC downgraded Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price target for the company. in a report on Thursday, October 31st. Mizuho boosted their price target on shares of Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Royal Bank of Canada increased their price objective on Trane Technologies from $390.00 to $395.00 and gave the company a “sector perform” rating in a report on Friday, January 3rd. UBS Group initiated coverage on Trane Technologies in a report on Wednesday, November 13th. They set a “buy” rating and a $500.00 price target for the company. Finally, Hsbc Global Res cut shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. One 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 data from MarketBeat.com, Trane Technologies presently has a consensus rating of “Hold” and a consensus price target of $420.64.

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.