Beese Fulmer Investment Management Inc. Has $1.90 Million Stock Position in Trane Technologies plc (NYSE:TT)

Beese Fulmer Investment Management Inc. lowered its holdings in Trane Technologies plc (NYSE:TT) by 0.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,937 shares of the company’s stock after selling 95 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Trane Technologies were worth $1,901,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TT. Delta Asset Management LLC TN bought a new stake in shares of Trane Technologies in the 4th quarter worth approximately $27,000. Live Oak Investment Partners bought a new stake in shares of Trane Technologies in the 4th quarter worth approximately $30,000. WealthPLAN Partners LLC bought a new stake in shares of Trane Technologies in the 1st quarter worth approximately $33,000. 1832 Asset Management L.P. bought a new stake in shares of Trane Technologies in the 1st quarter worth approximately $34,000. Finally, Ruedi Wealth Management Inc. bought a new stake in shares of Trane Technologies in the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 80.66% of the company’s stock.

Insider Activity

In other news, SVP Evan M. Turtz sold 6,108 shares of Trane Technologies stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $205.21, for a total value of $1,253,422.68. Following the completion of the sale, the senior vice president now directly owns 19,666 shares of the company’s stock, valued at approximately $4,035,659.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Mark Majocha sold 2,202 shares of Trane Technologies stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $194.28, for a total transaction of $427,804.56. Following the completion of the sale, the chief accounting officer now directly owns 3,797 shares of the company’s stock, valued at $737,681.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Evan M. Turtz sold 6,108 shares of Trane Technologies stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $205.21, for a total value of $1,253,422.68. Following the sale, the senior vice president now directly owns 19,666 shares of the company’s stock, valued at $4,035,659.86. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,374 shares of company stock valued at $4,080,669. Company insiders own 0.39% of the company’s stock.

Trane Technologies Trading Up 0.2 %

Shares of NYSE TT traded up $0.44 during midday trading on Friday, hitting $202.49. The stock had a trading volume of 1,611,855 shares, compared to its average volume of 1,360,606. The company’s 50-day simple moving average is $201.08 and its 200 day simple moving average is $187.33. The firm has a market cap of $46.25 billion, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. Trane Technologies plc has a fifty-two week low of $139.07 and a fifty-two week high of $211.58. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.19 and a quick ratio of 0.77.

Trane Technologies (NYSE:TT) last released its earnings results on Wednesday, August 2nd. The company reported $2.68 EPS for the quarter, beating the consensus estimate of $2.56 by $0.12. The company had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Trane Technologies had a return on equity of 31.22% and a net margin of 11.18%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period last year, the firm earned $2.16 EPS. Research analysts anticipate that Trane Technologies plc will post 8.86 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on the company. Bank of America raised their price objective on Trane Technologies from $160.00 to $187.00 and gave the stock an “underperform” rating in a research report on Thursday, August 3rd. Citigroup raised their price objective on Trane Technologies from $218.00 to $237.00 in a research report on Thursday, August 3rd. Mizuho raised their price objective on Trane Technologies from $185.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. Morgan Stanley raised their target price on Trane Technologies from $210.00 to $231.00 and gave the stock an “overweight” rating in a research report on Thursday, August 3rd. Finally, Barclays raised their target price on Trane Technologies from $210.00 to $222.00 and gave the stock an “overweight” rating in a research report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $198.41.

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.