Level Four Advisory Services LLC Sells 270 Shares of Trane Technologies plc (NYSE:TT)

Level Four Advisory Services LLC cut its holdings in Trane Technologies plc (NYSE:TT) by 9.2% during the first quarter, Holdings Channel.com reports. The fund owned 2,671 shares of the company’s stock after selling 270 shares during the period. Level Four Advisory Services LLC’s holdings in Trane Technologies were worth $491,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TT. Catalyst Financial Partners LLC raised its holdings in shares of Trane Technologies by 3.9% during the first quarter. Catalyst Financial Partners LLC now owns 1,586 shares of the company’s stock worth $292,000 after acquiring an additional 59 shares during the period. Mitchell & Pahl Private Wealth LLC increased its stake in Trane Technologies by 2.7% in the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 2,467 shares of the company’s stock valued at $454,000 after buying an additional 65 shares during the last quarter. Wahed Invest LLC increased its stake in Trane Technologies by 2.4% in the 1st quarter. Wahed Invest LLC now owns 3,004 shares of the company’s stock valued at $553,000 after buying an additional 70 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in Trane Technologies by 1.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 7,062 shares of the company’s stock valued at $1,187,000 after buying an additional 74 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in Trane Technologies by 4.2% in the 1st quarter. Parallel Advisors LLC now owns 1,914 shares of the company’s stock valued at $352,000 after buying an additional 78 shares during the last quarter. 80.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

TT has been the subject of a number of analyst reports. Bank of America lifted their price objective on shares of Trane Technologies from $160.00 to $187.00 and gave the company an “underperform” rating in a research report on Thursday, August 3rd. Morgan Stanley lifted their price objective on shares of Trane Technologies from $210.00 to $231.00 and gave the company an “overweight” rating in a research report on Thursday, August 3rd. Barclays lifted their target price on shares of Trane Technologies from $210.00 to $222.00 and gave the stock an “overweight” rating in a report on Thursday, August 3rd. Mizuho lifted their target price on shares of Trane Technologies from $185.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, August 3rd. Finally, Royal Bank of Canada lifted their target price on shares of Trane Technologies from $194.00 to $204.00 and gave the stock a “sector perform” rating in a report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Trane Technologies currently has an average rating of “Hold” and an average price target of $198.41.

Trane Technologies Stock Up 0.2 %

Shares of NYSE TT opened at $202.49 on Monday. The firm has a market cap of $46.25 billion, a PE ratio of 24.97, a P/E/G ratio of 1.82 and a beta of 1.01. Trane Technologies plc has a 12-month low of $139.07 and a 12-month high of $211.58. The company’s fifty day simple moving average is $201.08 and its 200 day simple moving average is $187.35. The company has a quick ratio of 0.77, a current ratio of 1.19 and a debt-to-equity ratio of 0.71.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.12. Trane Technologies had a net margin of 11.18% and a return on equity of 31.22%. The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter in the prior year, the company posted $2.16 earnings per share. The business’s revenue was up 12.3% on a year-over-year basis. As a group, sell-side analysts forecast that Trane Technologies plc will post 8.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Keith A. Sultana sold 3,964 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $198.00, for a total transaction of $784,872.00. Following the transaction, the senior vice president now directly owns 42,116 shares of the company’s stock, valued at $8,338,968. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Keith A. Sultana sold 3,964 shares of Trane Technologies stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $198.00, for a total value of $784,872.00. Following the completion of the transaction, the senior vice president now owns 42,116 shares in the company, valued at $8,338,968. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mark Majocha sold 2,202 shares of the business’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $194.28, for a total transaction of $427,804.56. Following the transaction, the chief accounting officer now directly owns 3,797 shares of the company’s stock, valued at approximately $737,681.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,374 shares of company stock worth $4,080,669. Insiders own 0.39% of the company’s stock.

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.