Trane Technologies plc $TT Shares Bought by Peterson Wealth Services

Peterson Wealth Services raised its stake in Trane Technologies plc (NYSE:TT) by 82.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,360 shares of the company’s stock after buying an additional 1,516 shares during the quarter. Peterson Wealth Services’ holdings in Trane Technologies were worth $1,418,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TT. Brighton Jones LLC boosted its holdings in Trane Technologies by 60.0% in the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock valued at $2,288,000 after purchasing an additional 2,323 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in Trane Technologies by 22.4% in the second quarter. Sivia Capital Partners LLC now owns 1,665 shares of the company’s stock valued at $728,000 after acquiring an additional 305 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Trane Technologies by 9.1% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,594 shares of the company’s stock worth $697,000 after acquiring an additional 133 shares during the period. Ameriflex Group Inc. purchased a new stake in Trane Technologies in the second quarter valued at $28,000. Finally, 111 Capital purchased a new position in shares of Trane Technologies during the 2nd quarter worth $472,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TT. Barclays upped their target price on shares of Trane Technologies from $505.00 to $507.00 and gave the company an “overweight” rating in a research report on Friday. KeyCorp raised shares of Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research report on Monday, December 15th. Morgan Stanley cut their target price on Trane Technologies from $550.00 to $535.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. UBS Group lowered their price target on Trane Technologies from $544.00 to $520.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Finally, Melius Research upgraded Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 price objective on the stock in a report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Trane Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $484.67.

Trane Technologies Stock Up 1.0%

Shares of NYSE TT opened at $424.91 on Tuesday. The stock has a market cap of $94.22 billion, a P/E ratio of 32.74, a PEG ratio of 2.11 and a beta of 1.21. The business’s fifty day simple moving average is $396.53 and its 200-day simple moving average is $414.47. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $476.18. The company has a current ratio of 1.25, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46.

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

Trane Technologies Profile

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.