GoalVest Advisory LLC Sells 63 Shares of Trane Technologies plc (NYSE:TT)

GoalVest Advisory LLC lessened its position in shares of Trane Technologies plc (NYSE:TT) by 41.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 90 shares of the company’s stock after selling 63 shares during the period. GoalVest Advisory LLC’s holdings in Trane Technologies were worth $33,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of Trane Technologies from $364.00 to $407.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Northcoast Research began coverage on Trane Technologies in a research note on Friday, November 22nd. They set a “buy” rating and a $500.00 price target on the stock. Citigroup cut their price target on Trane Technologies from $478.00 to $476.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Mizuho upped their target price on Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Hsbc Global Res cut Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $420.64.

Insider Activity

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of Trane Technologies stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total transaction of $1,800,864.00. Following the completion of the sale, the senior vice president now owns 12,893 shares of the company’s stock, valued at $5,363,488. The trade was a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.38% of the company’s stock.

Trane Technologies Price Performance

Shares of NYSE TT opened at $399.35 on Thursday. The stock has a fifty day moving average of $394.99 and a 200-day moving average of $374.68. The stock has a market cap of $89.86 billion, a PE ratio of 37.05, a price-to-earnings-growth ratio of 2.16 and a beta of 1.06. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 1.22. Trane Technologies plc has a fifty-two week low of $249.21 and a fifty-two week high of $422.00.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.14. The firm had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.32 billion. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.79 earnings per share. Equities research analysts anticipate that Trane Technologies plc will post 11.15 earnings per share for the current year.

Trane Technologies Company 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.