Great Waters Wealth Management Acquires New Position in Trane Technologies plc (NYSE:TT)

Great Waters Wealth Management acquired a new stake in Trane Technologies plc (NYSE:TT – Free Report) in the third quarter, Holdings Channel reports. The fund acquired 575 shares of the company’s stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors have recently modified their holdings of the stock. Swedbank AB purchased a new position in Trane Technologies in the first quarter valued at approximately $206,211,000. Putnam Investments LLC grew its position in Trane Technologies by 27,824.4% during the 4th quarter. Putnam Investments LLC now owns 572,730 shares of the company’s stock worth $139,689,000 after purchasing an additional 570,679 shares in the last quarter. 1832 Asset Management LP grew its position in Trane Technologies by 7,363.1% during the second quarter. 1832 Asset Management LP now owns 422,785 shares of the company’s stock worth $139,067,000 after buying an additional 417,120 shares during the last quarter. TD Asset Management Inc increased its position in Trane Technologies by 41.2% in the first quarter. TD Asset Management Inc now owns 1,060,632 shares of the company’s stock worth $318,402,000 after purchasing an additional 309,738 shares in the last quarter. Finally, Point72 Asset Management LP grew its position in Trane Technologies by 162.7% during the 2nd quarter. Point72 Asset Management LP now owns 447,705 shares of the company’s stock worth $147,263,000 after buying another 277,274 shares in the last quarter. 82.97% of the shares are held by hedge funds and other institutional investors.

Indoor activity

In other news, EVP Raymond D. Pittard sold 1,805 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $328.65, for a total value of $593,213.25. Following the completion of the sale, the executive vice president now owns 83,517 shares in the company, valued at $27,447,862.05. This represents a 0.00 % decrease in ownership of the shares. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Raymond D. Pittard sold 1,805 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $328.65, for a total value of $593,213.25. Following the completion of the sale, the executive vice president now owns 83,517 shares in the company, valued at $27,447,862.05. This represents a 0.00 % decrease in ownership of the shares. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO David S. Regnery sold 29,450 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $321.25, for a total value of $9,460,812.50. Following the sale, the chief executive officer now directly owns 132,946 shares of the company’s stock, valued at approximately $42,708,902.50. This represents a 0.00 % decrease in ownership of the shares. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Analysts set new price targets

A number of equities analysts have issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Trane Technologies from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th. Stephens reissued an “equal weight” rating and set a $350.00 target price on shares of Trane Technologies in a report on Monday, August 5th. Morgan Stanley initiated coverage on shares of Trane Technologies in a research report on Friday, September 6th. They set an “overweight” rating and a $425.00 price target on the stock. Barclays boosted their price objective on shares of Trane Technologies from $394.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Robert W. Baird boosted their price target on Trane Technologies from $360.00 to $365.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $345.92, according to data from MarketBeat.com.

Get the latest report on TT

Trane Technologies stock performance

Shares of NYSE:TT traded up $1.43 on Friday, hitting $388.36. The company’s stock had a trading volume of 595,803 shares, compared to its average volume of 1,106,457. Trane Technologies plc has a 12-month low of $184.02 and a 12-month high of $391.94. The company has a market cap of $87.91 billion, a price-to-earnings ratio of 41.50, a price-to-earnings-growth ratio of 2.68 and a beta of 1.01. The stock’s 50-day moving average is $355.12, and its two-hundred-day moving average is $332.35. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.84, and a current ratio of 1.17.

Trane Technologies (NYSE:TT – Get Your Free Report ) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.22. The company had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.13 billion. Trane Technologies had a return on equity of 33.97% and a net margin of 12.33%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. In the same quarter last year, the company posted earnings of $2.68 per share. On average, equities research analysts forecast that Trane Technologies plc will post 10.87 EPS for the current year.

Trane Technologies Company Profile

(Free report)

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells and services heating, ventilation, air conditioning, bespoke and bespoke refrigeration and transport solutions in Ireland and internationally. It offers air conditioners, exchangers and manipulators; airside and terminal devices; air-based heat pumps, auxiliary power units; coolers; coils and capacitors; generator sets; dehumidifiers; without pipes; ovens; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unit products; refrigerant recovery products; thermostats/controls; heating products for transport; products with variable refrigerant flow; and water heat pumps.

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