During the third quarter, OneAscent Financial Services LLC sold some of its shares of Trane Technologies plc (NYSE: TT), as stated in the most recent filing that the company has made with the Securities and Exchange Commission. The corporation had a total of 3,193 shares at the end of that period, following the sale of 976 of its shares. After the most recent reporting period, OneAscent Financial Services LLC ascribed a value of $462,000 to Trane Technologies.
Furthermore, other hedge funds have also modified their positions within the company in response to recent developments. The percentage of ownership in Trane Technologies that Clear Street Markets LLC held went up by 336.0% during the third quarter. After purchasing an additional 1,643 shares during the relevant period, Clear Street Markets LLC now has a total of 2,132 shares of the company’s stock, which are worth a combined amount of $309,000. During the relevant period, these shares were acquired. PGGM Investments acquired a new interest in Trane Technologies during the third quarter, estimated to be worth approximately $6,139,000. Victory Capital Management Inc. increased the amount of Trane Technologies stock held by 19.3% during the third quarter. Following acquiring an additional 14,013 shares during the quarter, Victory Capital Management Inc. now holds 86,683 shares of the corporation’s stock in its portfolio. There are 12,553,000 shares outstanding, which gives the company a market value of $12,553,000. During the third quarter, Avantax Advisory Services, Inc.’s investment portfolio saw a 7.9% increase in the percentage of its holdings allocated to Trane Technologies. The most recent fiscal quarter saw Avantax Advisory Services Inc. purchase an additional 482 shares of the company’s stock, bringing the total number of shares directly owned by the company to 6,553, with a value of $949,000. And finally, during the third quarter, Horan Capital Advisors LLC increased the amount of Trane Technologies stock that it held by a percentage equivalent to 2.2%. Following the conclusion of the most recent reporting period every quarter, Horan Capital Advisors LLC has acquired 585 additional shares, bringing the total number of shares they own in the company to 26,895. These shares have a value of $3,895,000. Various types of institutional investors own a total of 81.47% of the company’s shares.
On Tuesday, the NYSE TT started the trading day with an opening price of $183.31. The debt-to-equity ratio comes in at 0.65, the quick ratio comes in at 0.78, the current ratio comes in at 1.14, and the quick ratio comes in at 1.14. The company’s price has had a moving average of $174.65 over the past 50 days, while over the past 200 days, it has had a moving average price of $158. Trane Technologies plc is currently trading at a 52-week low of $120.64, while the company has reached a 52-week high of $186.05. The company’s market value is 42.22 billion dollars, and it has a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 2.13, and a beta value of 1.02. This indicates that the company has adequate financial resources.
On November 2, the most recent quarterly earnings report for Trane Technologies (NYSE: TT) was made public for the investing community to view. The company’s quarterly earnings came in at $2.27 per share, which was $0.15 higher than the consensus forecast of $2.12 per share for the company’s earnings. The net margin for Trane Technologies was 10.56 percent, and the return on equity was 27.32 percent, respectively. The company announced that it had sales of $4.37 billion for the quarter, which was significantly higher than the average prediction of $4.16 billion in sales for the quarter. Sell-side analysts project that Trane Technologies plc will generate earnings of 7.18 cents per share in 2018. This projection is based on the company’s historical performance.
Recent times have seen the company receive feedback from various equity research analysts who have followed the company’s progress. Bank of America has lowered its rating on Trane Technologies from “neutral” to “underperform” and has set a price objective of $160.00 for the company, as stated in a research report that was made available to the public on Monday, December 12. BMO Capital Markets lowered their rating on Trane Technologies from “outperform” to “market perform” in a research analysis published on Wednesday, December 21. They also set their target price on the stock at $180.00. The report’s subject matter was the stock of the company. The target price that Mizuho has set for Trane Technologies has increased from $155.00 to $175.00, due to a research note published on Friday. The brokerage firm also bestowed a “neutral” rating on the stock. The “outperform” rating that Credit Suisse Group had previously assigned to Trane Technologies was changed to a “market perform” rating in a research note published on Thursday, November 3. They also raised their price target to the equivalent of $175.00. Trane Technologies has been given a rating of “hold” by Deutsche Bank Aktiengesellschaft, which published a research report on the company on Thursday, October 13.
Additionally, Deutsche Bank Aktiengesellschaft increased their price objective on Trane Technologies from $151.00 to $155.00. The company’s stock price was affected in both of these ways by the changes that were made. Seven research experts advise clients to buy shares of the company; six experts counsel clients to keep their existing holdings; and three equity research professionals advise clients to sell shares of the company. According to the data provided by Bloomberg, the current recommendation for Trane Technologies is “Hold,” and the price objective for the company is set at $175.00. In addition, the price target for the company has been set at $175.00.
On November 25, Chief Executive Officer David S. Regnery made a transaction in which he sold 14,651 shares of the company’s stock. This is another development on this topic. Because each share of stock was sold for an average price of $179.00, the total volume of shares that changed hands was equal to $2,622,529.00. As soon as the deal is finalized, the company’s chief executive officer will become the owner of 95,751 shares of the corporation. The shares have a combined value of $17,139,429; One can find a copy of the case file in which the transaction was disclosed on the Securities and Exchange Commission (SEC) website. The file contains information about the transaction. According to reports in other pieces of news concerning Trane Technologies, Senior Vice President Mairead Magner sold 1,000 shares of the company’s stock on Friday, October 28. Because the stock was sold for a total price of $160,000 and the average price per share was $160.00, the transaction resulted in a total price of $160,000.00 for sale. As a direct consequence of the transaction, the senior vice president now holds 11,079 shares in the corporation. Based on the current market price, these shares are estimated to be worth $1,772,640. If you click on the link, you will be taken to the legal file presented to the Securities and Exchange Commission, and it will take you to the section describing the transaction.
Additionally, on November 25, 14,651 shares of the company’s stock were sold by David S. Regnery, the Chief Executive Officer of the business. Regnery is responsible for the day’s sales. A total of $2,622,529.00 was received for the sale of the shares, which works out to an average price of $179.00 per share. After the completion of the sale, the Chief Executive Officer (CEO) now has direct ownership of 95,751 company shares, which have an approximate value of $17,139,429 in the market. Disclosures that are related to the sale might be found in this section of the website. Business insiders were responsible for selling 39,654 shares of stock during the most recent quarter, resulting in a total value of $6,867,700 for the transaction. Business insiders own a total of 0.74% of the company’s shares.
Trane Technologies Plc is recognized as one of the world’s foremost innovators in the field of climate. The company’s primary objective is to provide climate solutions for homes, buildings, and transportation that are energy efficient and kind to the environment. Other significant brands owned by the company include Trane and Thermo King. Because it is active in the Americas, Europe, and Asia Pacific, those are the three geographical locations in which you should look for it. The Americas segment, which encompasses North America and Latin America, includes various products and services, including commercial heating and cooling systems, building controls, energy services and solutions, and transport refrigeration systems.