Avantax Advisory Services Inc. Boosts Stake in Trane Technologies plc (NYSE:TT)

Avantax Advisory Services Inc. lifted its holdings in Trane Technologies plc (NYSE:TTGet Rating) by 7.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,553 shares of the company’s stock after purchasing an additional 482 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Trane Technologies were worth $949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TT. Horan Capital Advisors LLC. raised its holdings in shares of Trane Technologies by 2.2% in the third quarter. Horan Capital Advisors LLC. now owns 26,895 shares of the company’s stock worth $3,895,000 after buying an additional 585 shares during the period. Allegheny Financial Group LTD raised its holdings in shares of Trane Technologies by 5.8% in the third quarter. Allegheny Financial Group LTD now owns 3,194 shares of the company’s stock worth $462,000 after buying an additional 174 shares during the period. Assetmark Inc. raised its holdings in shares of Trane Technologies by 30.4% in the third quarter. Assetmark Inc. now owns 13,533 shares of the company’s stock worth $1,960,000 after buying an additional 3,152 shares during the period. Mitchell & Pahl Private Wealth LLC raised its holdings in shares of Trane Technologies by 15.8% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 2,244 shares of the company’s stock worth $325,000 after buying an additional 307 shares during the period. Finally, Avalon Investment & Advisory raised its holdings in shares of Trane Technologies by 35.0% in the third quarter. Avalon Investment & Advisory now owns 5,853 shares of the company’s stock worth $848,000 after buying an additional 1,517 shares during the period. Hedge funds and other institutional investors own 81.47% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Credit Suisse Group raised their price objective on Trane Technologies from $175.00 to $187.00 and gave the stock an “outperform” rating in a report on Thursday, November 3rd. Barclays raised their price objective on Trane Technologies from $190.00 to $193.00 and gave the stock an “overweight” rating in a report on Thursday, January 5th. Bank of America cut Trane Technologies from a “neutral” rating to an “underperform” rating and set a $160.00 target price on the stock. in a research report on Monday, December 12th. Deutsche Bank Aktiengesellschaft increased their target price on Trane Technologies from $151.00 to $155.00 and gave the company a “hold” rating in a research report on Thursday, October 13th. Finally, The Goldman Sachs Group increased their target price on Trane Technologies from $151.00 to $168.00 and gave the company a “neutral” rating in a research report on Thursday, November 3rd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $175.17.

Insider Buying and Selling

In related news, SVP Mairead Magner sold 1,000 shares of the firm’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $160.00, for a total value of $160,000.00. Following the completion of the transaction, the senior vice president now owns 11,079 shares in the company, valued at approximately $1,772,640. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Raymond D. Pittard sold 23,003 shares of Trane Technologies stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $170.42, for a total transaction of $3,920,171.26. Following the sale, the executive vice president now owns 87,718 shares of the company’s stock, valued at approximately $14,948,901.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Mairead Magner sold 1,000 shares of the company’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $160.00, for a total transaction of $160,000.00. Following the completion of the transaction, the senior vice president now owns 11,079 shares of the company’s stock, valued at approximately $1,772,640. The disclosure for this sale can be found here. Insiders sold 39,654 shares of company stock worth $6,867,700 in the last 90 days. Insiders own 0.74% of the company’s stock.

Trane Technologies Stock Performance

Shares of TT stock opened at $169.88 on Friday. The firm has a market capitalization of $39.12 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 2.13 and a beta of 1.02. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.14 and a quick ratio of 0.78. The business has a fifty day moving average of $174.69 and a 200 day moving average of $159.75. Trane Technologies plc has a 1 year low of $120.64 and a 1 year high of $183.94.

Trane Technologies (NYSE:TTGet Rating) last issued its earnings results on Wednesday, November 2nd. The company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.15. The company had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.16 billion. Trane Technologies had a return on equity of 27.32% and a net margin of 10.56%. As a group, research analysts expect that Trane Technologies plc will post 7.18 earnings per share for the current year.

About Trane Technologies

(Get Rating)

Trane Technologies Plc is a global climate innovator, which engages in providing efficient and sustainable climate solutions to buildings, homes, and transportation. Its strategic brands include Trane and Thermo King. It operates through the following segments: Americas, EMEA, and Asia Pacific. The Americas segment encompasses commercial heating and cooling systems, building controls, and energy services and solutions; residential heating and cooling; and transport refrigeration systems and solutions in North America and Latin America regions.

Featured Articles

Want to see what other hedge funds are holding TT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trane Technologies plc (NYSE:TTGet Rating).

Institutional Ownership by Quarter for Trane Technologies (NYSE:TT)

Receive News & Ratings for Trane Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trane Technologies and related companies with MarketBeat.com's FREE daily email newsletter.