Trane Technologies plc (NYSE:TT) SVP Sells $438,290.38 in Stock

Trane Technologies plc (NYSE:TTGet Free Report) SVP Keith A. Sultana sold 1,637 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $267.74, for a total transaction of $438,290.38. Following the completion of the sale, the senior vice president now owns 42,374 shares of the company’s stock, valued at approximately $11,345,214.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Trane Technologies Price Performance

Shares of NYSE TT traded down $4.98 during mid-day trading on Monday, reaching $271.80. The company’s stock had a trading volume of 1,136,914 shares, compared to its average volume of 1,143,705. The stock has a 50-day moving average of $242.55 and a two-hundred day moving average of $218.20. The stock has a market capitalization of $61.85 billion, a P/E ratio of 30.81, a P/E/G ratio of 2.05 and a beta of 1.03. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 1.13. Trane Technologies plc has a 1-year low of $162.04 and a 1-year high of $278.81.

Trane Technologies (NYSE:TTGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.04. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. The firm had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.43 billion. During the same period last year, the business earned $1.82 earnings per share. Trane Technologies’s revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts anticipate that Trane Technologies plc will post 10.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Trane Technologies

A number of institutional investors have recently made changes to their positions in TT. BKM Wealth Management LLC acquired a new stake in shares of Trane Technologies during the fourth quarter valued at about $25,000. Capital Advisors Ltd. LLC grew its holdings in shares of Trane Technologies by 453.6% in the second quarter. Capital Advisors Ltd. LLC now owns 155 shares of the company’s stock valued at $30,000 after purchasing an additional 127 shares in the last quarter. Live Oak Investment Partners acquired a new position in shares of Trane Technologies in the fourth quarter valued at approximately $30,000. Venturi Wealth Management LLC grew its holdings in shares of Trane Technologies by 139.7% in the third quarter. Venturi Wealth Management LLC now owns 151 shares of the company’s stock valued at $31,000 after purchasing an additional 88 shares in the last quarter. Finally, 1832 Asset Management L.P. acquired a new position in shares of Trane Technologies in the first quarter valued at approximately $34,000. 80.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on TT. Wells Fargo & Company boosted their price objective on shares of Trane Technologies from $200.00 to $246.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 19th. Royal Bank of Canada boosted their target price on shares of Trane Technologies from $231.00 to $246.00 and gave the stock a “sector perform” rating in a research report on Friday. The Goldman Sachs Group boosted their target price on shares of Trane Technologies from $253.00 to $287.00 and gave the stock a “neutral” rating in a research report on Monday. Citigroup boosted their target price on shares of Trane Technologies from $246.00 to $269.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Finally, Barclays upped their price objective on shares of Trane Technologies from $222.00 to $226.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $223.27.

View Our Latest Stock Analysis on TT

About Trane Technologies

(Get Free Report)

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.

See Also

Insider Buying and Selling 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.