Raymond James Trust N.A. Sells 171 Shares of Trane Technologies plc (NYSE:TT)

Raymond James Trust N.A. lowered its stake in shares of Trane Technologies plc (NYSE:TTGet Rating) by 0.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,879 shares of the company’s stock after selling 171 shares during the period. Raymond James Trust N.A.’s holdings in Trane Technologies were worth $2,582,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Delos Wealth Advisors LLC raised its stake in shares of Trane Technologies by 129.6% during the 4th quarter. Delos Wealth Advisors LLC now owns 186 shares of the company’s stock worth $38,000 after purchasing an additional 105 shares in the last quarter. Herold Advisors Inc. bought a new stake in shares of Trane Technologies during the 1st quarter worth approximately $31,000. Riverview Trust Co acquired a new position in shares of Trane Technologies during the 1st quarter worth approximately $32,000. 1832 Asset Management L.P. acquired a new position in shares of Trane Technologies during the 1st quarter worth approximately $34,000. Finally, Leelyn Smith LLC increased its holdings in shares of Trane Technologies by 380.0% during the 4th quarter. Leelyn Smith LLC now owns 240 shares of the company’s stock worth $48,000 after acquiring an additional 190 shares during the last quarter. Institutional investors own 80.25% of the company’s stock.

Trane Technologies Price Performance

Shares of TT stock opened at $147.65 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.66. Trane Technologies plc has a twelve month low of $120.64 and a twelve month high of $204.23. The company has a market cap of $34.21 billion, a P/E ratio of 23.59, a P/E/G ratio of 1.86 and a beta of 1.01. The business has a fifty day simple moving average of $153.36 and a 200 day simple moving average of $145.03.

Trane Technologies (NYSE:TTGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.06. Trane Technologies had a return on equity of 25.03% and a net margin of 10.06%. The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the prior year, the company earned $1.92 EPS. Trane Technologies’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, sell-side analysts forecast that Trane Technologies plc will post 7.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TT shares. Credit Suisse Group boosted their target price on Trane Technologies from $165.00 to $169.00 and gave the stock an “outperform” rating in a report on Thursday, August 4th. BMO Capital Markets boosted their target price on Trane Technologies from $155.00 to $180.00 and gave the stock an “outperform” rating in a report on Monday, August 15th. Barclays upped their price objective on Trane Technologies from $160.00 to $166.00 and gave the company an “overweight” rating in a report on Thursday, August 4th. Cowen raised Trane Technologies from a “market perform” rating to an “outperform” rating and set a $180.00 price objective on the stock in a report on Friday, July 8th. Finally, Jefferies Financial Group decreased their price objective on Trane Technologies from $160.00 to $140.00 in a report on Friday, July 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $171.50.

About Trane Technologies

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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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Institutional Ownership by Quarter for Trane Technologies (NYSE:TT)

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