Empirical Financial Services LLC d.b.a. Empirical Wealth Management Acquires 368 Shares of Trane Technologies plc (NYSE:TT)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Trane Technologies plc (NYSE:TT) by 30.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,576 shares of the company’s stock after purchasing an additional 368 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Trane Technologies were worth $582,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TT. Global Wealth Strategies & Associates bought a new stake in Trane Technologies during the 4th quarter worth approximately $26,000. MidAtlantic Capital Management Inc. bought a new stake in Trane Technologies during the 3rd quarter worth approximately $27,000. DT Investment Partners LLC bought a new stake in Trane Technologies during the 3rd quarter worth approximately $36,000. Sound Income Strategies LLC raised its stake in Trane Technologies by 1,314.3% during the 4th quarter. Sound Income Strategies LLC now owns 99 shares of the company’s stock worth $37,000 after acquiring an additional 92 shares during the period. Finally, Quarry LP bought a new stake in Trane Technologies during the 2nd quarter worth approximately $39,000. Institutional investors own 82.97% of the company’s stock.

Analysts Set New Price Targets

TT has been the topic of a number of recent analyst reports. Melius Research restated a “hold” rating and set a $398.00 target price on shares of Trane Technologies in a research note on Tuesday. Robert W. Baird reduced their price objective on shares of Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Mizuho lifted their price objective on shares of Trane Technologies from $325.00 to $400.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. reduced their price objective on shares of Trane Technologies from $390.00 to $387.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Finally, Wells Fargo & Company reduced their price objective on shares of Trane Technologies from $390.00 to $380.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Trane Technologies has an average rating of “Hold” and an average price target of $417.81.

Trane Technologies Stock Performance

TT stock opened at $365.41 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.22 and a quick ratio of 0.92. The business has a 50-day moving average price of $393.50 and a 200 day moving average price of $376.20. The company has a market capitalization of $82.23 billion, a P/E ratio of 33.90, a PEG ratio of 2.16 and a beta of 1.06. Trane Technologies plc has a 1-year low of $250.77 and a 1-year high of $422.00.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.14. The firm had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.32 billion. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.79 earnings per share. As a group, equities research analysts forecast that Trane Technologies plc will post 11.16 EPS for the current fiscal year.

Insider Activity at Trane Technologies

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total value of $1,800,864.00. Following the completion of the transaction, the senior vice president now directly owns 12,893 shares in the company, valued at approximately $5,363,488. The trade was a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.38% of the stock is currently owned by corporate insiders.

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.