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

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Kestra Private Wealth Services LLC reduced its position in shares of Trane Technologies plc (NYSE:TTGet Rating) by 1.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in TT. JPMorgan Chase & Co. grew its position in shares of Trane Technologies by 12.3% in the 1st quarter. JPMorgan Chase & Co. now owns 19,753,665 shares of the company’s stock valued at $3,016,386,000 after buying an additional 2,159,166 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Trane Technologies by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 18,133,851 shares of the company’s stock valued at $2,769,040,000 after buying an additional 77,924 shares during the last quarter. State Street Corp raised its holdings in Trane Technologies by 3.4% during the 4th quarter. State Street Corp now owns 10,764,373 shares of the company’s stock worth $2,174,726,000 after purchasing an additional 351,926 shares during the last quarter. Geode Capital Management LLC raised its holdings in Trane Technologies by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 4,554,635 shares of the company’s stock worth $917,883,000 after purchasing an additional 69,773 shares during the last quarter. Finally, Norges Bank bought a new position in Trane Technologies during the 4th quarter worth approximately $578,209,000. 80.25% of the stock is currently owned by institutional investors.

Trane Technologies Trading Down 2.2 %

NYSE:TT opened at $155.69 on Monday. Trane Technologies plc has a one year low of $120.64 and a one year high of $204.23. The company 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. The firm has a 50-day moving average of $151.40 and a 200-day moving average of $144.83.

Trane Technologies (NYSE:TTGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.06. Trane Technologies had a return on equity of 25.03% and a net margin of 10.06%. The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same period in the previous year, the company posted $1.92 EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities research analysts expect that Trane Technologies plc will post 7.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TT shares. Credit Suisse Group raised their price target on shares of Trane Technologies from $165.00 to $169.00 and gave the stock an “outperform” rating in a report on Thursday, August 4th. Barclays upped their price target on shares of Trane Technologies from $160.00 to $166.00 and gave the company an “overweight” rating in a research report on Thursday, August 4th. Morgan Stanley lifted their target price on Trane Technologies from $166.00 to $168.00 and gave the stock an “overweight” rating in a report on Thursday, September 1st. Deutsche Bank Aktiengesellschaft lowered their target price on Trane Technologies from $162.00 to $146.00 and set a “hold” rating for the company in a report on Wednesday, July 13th. Finally, The Goldman Sachs Group lifted their target price on Trane Technologies from $132.00 to $151.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $171.50.

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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