Chicago Partners Investment Group LLC boosted its holdings in Trane Technologies plc (NYSE:TT – Get Rating) by 8.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,534 shares of the company’s stock after acquiring an additional 206 shares during the period. Chicago Partners Investment Group LLC’s holdings in Trane Technologies were worth $330,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Trane Technologies by 12.3% during the 1st quarter. JPMorgan Chase & Co. now owns 19,753,665 shares of the company’s stock worth $3,016,386,000 after buying an additional 2,159,166 shares during the period. Vanguard Group Inc. increased its position in Trane Technologies by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 18,133,851 shares of the company’s stock worth $2,769,040,000 after buying an additional 77,924 shares during the period. State Street Corp increased its position in Trane Technologies by 3.4% during the 4th quarter. State Street Corp now owns 10,764,373 shares of the company’s stock worth $2,174,726,000 after buying an additional 351,926 shares during the period. Geode Capital Management LLC increased its position in Trane Technologies by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 4,554,635 shares of the company’s stock worth $917,883,000 after buying an additional 69,773 shares during the period. Finally, Norges Bank bought a new position in Trane Technologies during the 4th quarter worth $578,209,000. Institutional investors own 80.25% of the company’s stock.
Trane Technologies Stock Performance
Shares of TT stock opened at $159.22 on Friday. The business’s 50-day moving average price is $150.91 and its 200-day moving average price is $144.95. Trane Technologies plc has a 12 month low of $120.64 and a 12 month high of $204.23. The firm has a market capitalization of $36.89 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 1.96 and a beta of 1.01. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.66.
Analyst Ratings Changes
TT has been the topic of several analyst reports. Jefferies Financial Group reduced their target price on Trane Technologies from $160.00 to $140.00 in a report on Friday, July 15th. Wells Fargo & Company increased their target price on Trane Technologies from $123.00 to $133.00 and gave the stock an “underweight” rating in a report on Thursday, August 4th. Morgan Stanley increased their target price on Trane Technologies from $166.00 to $168.00 and gave the stock an “overweight” rating in a report on Thursday, September 1st. Deutsche Bank Aktiengesellschaft reduced their target price on Trane Technologies from $162.00 to $146.00 and set a “hold” rating on the stock in a report on Wednesday, July 13th. Finally, Barclays raised their price objective on Trane Technologies from $160.00 to $166.00 and gave the company an “overweight” rating in a research note on Thursday, August 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $171.50.
About Trane Technologies
Trane Technologies plc, together with its subsidiaries, engages in the designing, manufacturing, selling, and servicing of solutions for heating, ventilation, air conditioning, and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation products; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality assessments and related products; large and light commercial unitary products; motor replacements; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.
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