Roberts Wealth Advisors LLC Cuts Holdings in Trane Technologies plc (NYSE:TT)

Roberts Wealth Advisors LLC cut its stake in shares of Trane Technologies plc (NYSE:TT) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,373 shares of the company’s stock after selling 505 shares during the quarter. Trane Technologies makes up 3.0% of Roberts Wealth Advisors LLC’s portfolio, making the stock its 8th largest holding. Roberts Wealth Advisors LLC’s holdings in Trane Technologies were worth $9,783,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Tidal Investments LLC boosted its stake in Trane Technologies by 22.2% during the 3rd quarter. Tidal Investments LLC now owns 15,827 shares of the company’s stock valued at $6,152,000 after purchasing an additional 2,874 shares during the period. Synovus Financial Corp raised its holdings in shares of Trane Technologies by 16.8% during the third quarter. Synovus Financial Corp now owns 8,828 shares of the company’s stock valued at $3,431,000 after buying an additional 1,271 shares during the last quarter. GDS Wealth Management boosted its position in shares of Trane Technologies by 4.3% during the third quarter. GDS Wealth Management now owns 51,767 shares of the company’s stock worth $20,123,000 after buying an additional 2,124 shares during the period. Albar Capital Ltd bought a new position in Trane Technologies in the 2nd quarter worth approximately $14,556,000. Finally, King Wealth Management Group acquired a new stake in Trane Technologies in the 3rd quarter valued at approximately $1,879,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Mairead Magner sold 4,329 shares of Trane Technologies stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total transaction of $1,800,864.00. Following the transaction, the senior vice president now 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 filing with the SEC, which can be accessed through the SEC website. 0.38% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TT shares. Northcoast Research started coverage on Trane Technologies in a research note on Friday, November 22nd. They issued a “buy” rating and a $500.00 price target for the company. JPMorgan Chase & Co. decreased their target price on shares of Trane Technologies from $390.00 to $387.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Barclays boosted their price target on shares of Trane Technologies from $440.00 to $500.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Wells Fargo & Company decreased their price objective on shares of Trane Technologies from $390.00 to $380.00 and set an “underweight” rating for the company in a report on Tuesday, January 7th. Finally, Citigroup dropped their target price on Trane Technologies from $478.00 to $476.00 and set a “buy” rating on the stock in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $420.64.

Trane Technologies Stock Performance

Shares of NYSE TT opened at $397.02 on Wednesday. Trane Technologies plc has a 52-week low of $249.21 and a 52-week high of $422.00. The stock has a market capitalization of $89.34 billion, a price-to-earnings ratio of 36.83, a PEG ratio of 2.11 and a beta of 1.06. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 0.57. The stock’s fifty day simple moving average is $395.28 and its 200 day simple moving average is $374.22.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.14. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The firm had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter last year, the business posted $2.79 EPS. Trane Technologies’s revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts forecast that Trane Technologies plc will post 11.15 earnings per share for the current fiscal year.

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.