Wescott Financial Advisory Group LLC Takes Position in Trane Technologies plc (NYSE:TT)

Wescott Financial Advisory Group LLC acquired a new stake in Trane Technologies plc (NYSE:TT) during the second quarter, Holdings Channel reports. The institutional investor acquired 1,820 shares of the company’s stock, valued at approximately $361,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Trustcore Financial Services LLC acquired a new position in Trane Technologies during the second quarter worth $27,000. Eagle Bay Advisors LLC acquired a new position in Trane Technologies during the second quarter worth $31,000. Massmutual Trust Co. FSB ADV increased its holdings in Trane Technologies by 265.3% during the first quarter. Massmutual Trust Co. FSB ADV now owns 179 shares of the company’s stock worth $30,000 after buying an additional 130 shares during the last quarter. KB Financial Partners LLC acquired a new position in Trane Technologies during the first quarter worth $39,000. Finally, McIlrath & Eck LLC increased its holdings in shares of Trane Technologies by 83.3% in the first quarter. McIlrath & Eck LLC now owns 275 shares of the company’s stock valued at $46,000 after purchasing an additional 125 shares during the last quarter. Institutional investors own 80.29% of the company’s stock.

In other Trane Technologies news, insider Michael W. Lamach sold 213,420 shares of the firm’s stock in a transaction on Tuesday, July 6th. The stock was sold at an average price of $184.00, for a total transaction of $39,269,280.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Raymond D. Pittard sold 4,256 shares of the firm’s stock in a transaction on Wednesday, August 4th. The shares were sold at an average price of $200.06, for a total value of $851,455.36. Following the sale, the executive vice president now directly owns 82,954 shares of the company’s stock, valued at $16,595,777.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 351,249 shares of company stock worth $66,404,523. 0.74% of the stock is owned by company insiders.

TT traded up $3.40 on Wednesday, hitting $187.14. 26,133 shares of the stock were exchanged, compared to its average volume of 1,097,043. Trane Technologies plc has a 12 month low of $117.13 and a 12 month high of $207.06. The business has a 50-day moving average of $195.47 and a two-hundred day moving average of $182.02. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.58 and a quick ratio of 1.27. The firm has a market capitalization of $44.47 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 1.45 and a beta of 0.92.

Trane Technologies (NYSE:TT) last released its earnings results on Wednesday, August 4th. The company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.02. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.74 billion. Trane Technologies had a net margin of 9.95% and a return on equity of 21.64%. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.27 EPS. Equities research analysts expect that Trane Technologies plc will post 6.09 earnings per share for the current fiscal year.

Several research firms have commented on TT. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Trane Technologies from $184.00 to $203.00 and gave the company a “hold” rating in a report on Wednesday, July 14th. Argus upped their price objective on shares of Trane Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, August 5th. JPMorgan Chase & Co. downgraded shares of Trane Technologies from a “neutral” rating to an “underweight” rating and set a $160.00 price objective on the stock. in a report on Monday, August 9th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Trane Technologies from a “hold” rating to a “buy” rating and set a $206.00 price objective on the stock in a report on Tuesday, May 18th. Finally, Credit Suisse Group boosted their target price on shares of Trane Technologies from $196.00 to $214.00 and gave the company an “outperform” rating in a research report on Thursday, August 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $186.15.

Trane Technologies Company Profile

Trane Technologies Plc engages in the provision of products, services, and solutions to enhance the quality, energy, and comfort of air in homes and buildings, transport and protect food and perishables and increase industrial productivity and efficiency. It operates through the following segments: Americas, EMEA, and Asia Pacific.

See Also: What does a dividend yield signify to investors?

Want to see what other hedge funds are holding TT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trane Technologies plc (NYSE:TT).

Institutional Ownership by Quarter for Trane Technologies (NYSE:TT)

Receive News & Ratings for Trane Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trane Technologies and related companies with MarketBeat.com's FREE daily email newsletter.