Empirical Financial Services LLC d.b.a. Empirical Wealth Management Purchases 368 Shares of Trane Technologies plc (NYSE:TT)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in Trane Technologies plc (NYSE:TT) by 30.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,576 shares of the company’s stock after acquiring an additional 368 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Trane Technologies were worth $582,000 at the end of the most recent quarter.

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

Insider Transactions at Trane Technologies

In related news, SVP Mairead Magner sold 4,329 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $5,363,488. This represents a 25.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TT shares. HSBC lowered shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 target price for the company. in a research report on Thursday, October 31st. Mizuho lifted their target price on shares of Trane Technologies from $325.00 to $400.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. decreased their price target on shares of Trane Technologies from $390.00 to $387.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Northcoast Research began coverage on shares of Trane Technologies in a research note on Friday, November 22nd. They set a “buy” rating and a $500.00 price target on the stock. Finally, Wells Fargo & Company decreased their price target on shares of Trane Technologies from $390.00 to $380.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $417.81.

Trane Technologies Stock Down 0.6 %

Shares of NYSE TT opened at $365.41 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57. Trane Technologies plc has a 12 month low of $250.77 and a 12 month high of $422.00. The firm has a market capitalization of $82.23 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 2.16 and a beta of 1.06. The firm has a fifty day simple moving average of $393.50 and a two-hundred day simple moving average of $376.20.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, topping the consensus estimate of $3.23 by $0.14. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The business had revenue of $5.44 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same period in the prior year, the business earned $2.79 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities analysts expect that Trane Technologies plc will post 11.16 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.