West Oak Capital LLC Sells 1,360 Shares of Trane Technologies plc (NYSE:TT)

West Oak Capital LLC lessened its holdings in Trane Technologies plc (NYSE:TT) by 69.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 600 shares of the company’s stock after selling 1,360 shares during the period. West Oak Capital LLC’s holdings in Trane Technologies were worth $222,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Global Wealth Strategies & Associates bought a new position in shares of Trane Technologies in the 4th quarter valued at about $26,000. MidAtlantic Capital Management Inc. bought a new position in shares of Trane Technologies in the 3rd quarter valued at about $27,000. DT Investment Partners LLC bought a new position in shares of Trane Technologies in the 3rd quarter valued at about $36,000. Quarry LP bought a new position in shares of Trane Technologies in the 2nd quarter valued at about $39,000. Finally, Pittenger & Anderson Inc. bought a new stake in Trane Technologies in the third quarter worth about $39,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Performance

TT traded down $8.67 on Friday, reaching $377.43. The stock had a trading volume of 985,117 shares, compared to its average volume of 1,208,219. Trane Technologies plc has a 12-month low of $242.49 and a 12-month high of $422.00. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57. The business’s 50-day moving average price is $396.61 and its two-hundred day moving average price is $370.99. The company has a market cap of $84.93 billion, a P/E ratio of 35.01, a price-to-earnings-growth ratio of 2.38 and a beta of 1.06.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.14. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The company had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter in the previous year, the company earned $2.79 earnings per share. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. Sell-side analysts forecast that Trane Technologies plc will post 11.13 earnings per share for the current year.

Wall Street Analyst Weigh In

TT has been the subject of several analyst reports. Wells Fargo & Company decreased their price objective on shares of Trane Technologies from $390.00 to $380.00 and set an “underweight” rating for the company in a research note on Tuesday. Hsbc Global Res downgraded shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. The Goldman Sachs Group raised their price objective on shares of Trane Technologies from $364.00 to $407.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Mizuho raised their target price on shares of Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Citigroup raised their target price on shares of Trane Technologies from $457.00 to $478.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Trane Technologies presently has an average rating of “Hold” and a consensus price target of $414.57.

Insider Transactions at Trane Technologies

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the 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 in the company, valued at $5,363,488. This represents a 25.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.38% of the company’s stock.

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.