Trane Technologies plc $TT Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC decreased its position in shares of Trane Technologies plc (NYSE:TT) by 11.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,325 shares of the company’s stock after selling 1,625 shares during the quarter. WCM Investment Management LLC’s holdings in Trane Technologies were worth $5,107,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. NorthRock Partners LLC grew its position in Trane Technologies by 1.2% in the 2nd quarter. NorthRock Partners LLC now owns 2,052 shares of the company’s stock worth $898,000 after purchasing an additional 24 shares during the last quarter. King Luther Capital Management Corp raised its stake in Trane Technologies by 1.3% during the 2nd quarter. King Luther Capital Management Corp now owns 1,942 shares of the company’s stock valued at $849,000 after acquiring an additional 24 shares in the last quarter. Old Port Advisors boosted its position in Trane Technologies by 3.2% during the 3rd quarter. Old Port Advisors now owns 778 shares of the company’s stock worth $328,000 after acquiring an additional 24 shares during the period. OneAscent Wealth Management LLC grew its stake in shares of Trane Technologies by 1.5% in the third quarter. OneAscent Wealth Management LLC now owns 1,627 shares of the company’s stock worth $686,000 after purchasing an additional 24 shares in the last quarter. Finally, Busey Bank increased its holdings in shares of Trane Technologies by 3.0% during the third quarter. Busey Bank now owns 871 shares of the company’s stock valued at $368,000 after purchasing an additional 25 shares during the period. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Price Performance

NYSE TT opened at $434.98 on Wednesday. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18. The business’s fifty day moving average is $396.85 and its two-hundred day moving average is $414.38. The stock has a market capitalization of $96.45 billion, a P/E ratio of 33.51, a P/E/G ratio of 2.13 and a beta of 1.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.25.

Trane Technologies (NYSE:TT) last issued its earnings results on Thursday, January 29th. The company reported $2.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.05. The business had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.09 billion. Trane Technologies had a return on equity of 36.34% and a net margin of 13.69%.The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.61 EPS. On average, research analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on TT. Barclays upped their price objective on shares of Trane Technologies from $505.00 to $507.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Wells Fargo & Company increased their price objective on shares of Trane Technologies from $375.00 to $400.00 and gave the company an “underweight” rating in a report on Friday, January 30th. KeyCorp raised Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a report on Monday, December 15th. Royal Bank Of Canada upped their target price on Trane Technologies from $469.00 to $470.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. Finally, Oppenheimer lifted their price target on Trane Technologies from $460.00 to $468.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Trane Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $484.67.

About Trane Technologies

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.