Foundations Investment Advisors LLC Acquires 4,730 Shares of Trane Technologies plc (NYSE:TT)

Foundations Investment Advisors LLC lifted its stake in Trane Technologies plc (NYSE:TT) by 323.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,192 shares of the company’s stock after buying an additional 4,730 shares during the period. Foundations Investment Advisors LLC’s holdings in Trane Technologies were worth $2,287,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. MidAtlantic Capital Management Inc. bought a new position in Trane Technologies during the 3rd quarter worth $27,000. Global Wealth Strategies & Associates acquired a new stake in shares of Trane Technologies in the fourth quarter valued at about $26,000. DT Investment Partners LLC bought a new position in shares of Trane Technologies during the third quarter worth about $36,000. Sound Income Strategies LLC lifted its stake in shares of Trane Technologies by 1,314.3% in the fourth quarter. Sound Income Strategies LLC now owns 99 shares of the company’s stock worth $37,000 after acquiring an additional 92 shares during the period. Finally, Pittenger & Anderson Inc. bought a new stake in Trane Technologies in the third quarter valued at approximately $39,000. 82.97% of the stock is currently owned by institutional investors.

Insider Activity at Trane Technologies

In related news, SVP Mairead Magner sold 4,329 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total value of $1,800,864.00. Following the completion of the sale, the senior vice president now directly owns 12,893 shares of the company’s stock, valued at approximately $5,363,488. This represents a 25.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.38% of the stock is owned by insiders.

Trane Technologies Price Performance

Shares of TT opened at $365.41 on Wednesday. The business’s fifty day moving average is $393.50 and its 200 day moving average is $376.20. Trane Technologies plc has a 12-month low of $250.77 and a 12-month high of $422.00. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 0.57. The stock has a market cap of $82.23 billion, a P/E ratio of 33.90, a P/E/G ratio of 2.16 and a beta of 1.06.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) 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 firm had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same period last year, the company earned $2.79 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. Sell-side analysts anticipate that Trane Technologies plc will post 11.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Hsbc Global Res downgraded shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Melius Research restated a “hold” rating and issued a $398.00 target price on shares of Trane Technologies in a report on Tuesday. JPMorgan Chase & Co. decreased their price target on Trane Technologies from $390.00 to $387.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Barclays boosted their price objective on Trane Technologies from $440.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Finally, UBS Group initiated coverage on Trane Technologies in a research note on Wednesday, November 13th. They set a “buy” rating and a $500.00 target price for the company. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Trane Technologies currently has an average rating of “Hold” and an average target price of $417.81.

About Trane Technologies

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.