Kestra Private Wealth Services LLC Sells 80 Shares of Trane Technologies plc (NYSE:TT)

Kestra Private Wealth Services LLC lowered its stake in shares of Trane Technologies plc (NYSE:TTGet Rating) by 1.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 4,321 shares of the company’s stock after selling 80 shares during the period. Kestra Private Wealth Services LLC’s holdings in Trane Technologies were worth $660,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Herold Advisors Inc. bought a new position in shares of Trane Technologies during the 1st quarter worth $31,000. Riverview Trust Co bought a new position in shares of Trane Technologies during the 1st quarter worth $32,000. 1832 Asset Management L.P. bought a new stake in shares of Trane Technologies in the first quarter valued at approximately $34,000. Column Capital Advisors LLC bought a new stake in shares of Trane Technologies in the first quarter valued at approximately $37,000. Finally, Delos Wealth Advisors LLC raised its position in shares of Trane Technologies by 129.6% in the fourth quarter. Delos Wealth Advisors LLC now owns 186 shares of the company’s stock valued at $38,000 after purchasing an additional 105 shares during the period. Institutional investors own 80.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TT. Cowen raised shares of Trane Technologies from a “market perform” rating to an “outperform” rating and set a $180.00 price target on the stock in a research report on Friday, July 8th. Jefferies Financial Group cut their price target on Trane Technologies from $160.00 to $140.00 in a report on Friday, July 15th. Mizuho upped their price target on Trane Technologies from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. Morgan Stanley upped their price target on Trane Technologies from $166.00 to $168.00 and gave the company an “overweight” rating in a research report on Thursday, September 1st. Finally, Credit Suisse Group upped their price target on Trane Technologies from $165.00 to $169.00 and gave the company an “outperform” rating in a research report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $171.50.

Trane Technologies Trading Down 2.2 %

Shares of Trane Technologies stock opened at $155.69 on Monday. The firm has a market cap of $36.08 billion, a PE ratio of 24.87, a PEG ratio of 1.90 and a beta of 1.01. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.09 and a quick ratio of 0.75. Trane Technologies plc has a 1 year low of $120.64 and a 1 year high of $204.23. The company has a 50 day simple moving average of $151.40 and a two-hundred day simple moving average of $144.83.

Trane Technologies (NYSE:TTGet Rating) last released its earnings results on Wednesday, August 3rd. The company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.06. The business had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Trane Technologies had a return on equity of 25.03% and a net margin of 10.06%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.92 earnings per share. Analysts expect that Trane Technologies plc will post 7.1 earnings per share for the current fiscal year.

Trane Technologies Profile

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

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