Brighton Jones LLC Has $2.29 Million Stock Holdings in Trane Technologies plc (NYSE:TT)

Brighton Jones LLC boosted its stake in shares of Trane Technologies plc (NYSE:TT) by 60.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,194 shares of the company’s stock after purchasing an additional 2,323 shares during the period. Brighton Jones LLC’s holdings in Trane Technologies were worth $2,288,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Public Sector Pension Investment Board increased its stake in shares of Trane Technologies by 65.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 8,572 shares of the company’s stock worth $2,820,000 after purchasing an additional 3,401 shares during the last quarter. AQR Capital Management LLC grew its holdings in Trane Technologies by 42.1% during the second quarter. AQR Capital Management LLC now owns 256,352 shares of the company’s stock worth $84,322,000 after purchasing an additional 75,888 shares during the period. APG Asset Management N.V. increased its position in Trane Technologies by 3.8% during the second quarter. APG Asset Management N.V. now owns 394,515 shares of the company’s stock worth $121,080,000 after buying an additional 14,462 shares during the last quarter. Daymark Wealth Partners LLC raised its stake in Trane Technologies by 16.4% in the second quarter. Daymark Wealth Partners LLC now owns 2,704 shares of the company’s stock valued at $889,000 after buying an additional 380 shares during the period. Finally, MBB Public Markets I LLC acquired a new stake in shares of Trane Technologies in the second quarter valued at approximately $5,468,000. 82.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Mairead Magner sold 4,329 shares of Trane Technologies stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total transaction of $1,800,864.00. Following the sale, the senior vice president now directly owns 12,893 shares of the company’s stock, valued at approximately $5,363,488. The trade was a 25.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.38% of the stock is owned by corporate insiders.

Trane Technologies Stock Up 0.1 %

TT stock opened at $400.88 on Friday. The company has a market cap of $90.21 billion, a PE ratio of 37.19, a price-to-earnings-growth ratio of 2.16 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. Trane Technologies plc has a 52 week low of $250.06 and a 52 week high of $422.00. The business has a 50-day simple moving average of $394.49 and a 200 day simple moving average of $375.03.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.14. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same quarter last year, the business posted $2.79 EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. Sell-side analysts anticipate that Trane Technologies plc will post 11.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TT shares. Mizuho increased their price target on Trane Technologies from $325.00 to $400.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Barclays raised their target price on shares of Trane Technologies from $440.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Royal Bank of Canada upped their price target on shares of Trane Technologies from $390.00 to $395.00 and gave the company a “sector perform” rating in a research note on Friday, January 3rd. Citigroup cut their price objective on shares of Trane Technologies from $478.00 to $476.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, Robert W. Baird decreased their target price on Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $420.64.

Trane Technologies 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.