Trane Technologies plc $TT Stock Holdings Decreased by WCM Investment Management LLC

WCM Investment Management LLC lessened its position in Trane Technologies plc (NYSE:TT) by 11.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,325 shares of the company’s stock after selling 1,625 shares during the quarter. WCM Investment Management LLC’s holdings in Trane Technologies were worth $5,107,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TT. Brighton Jones LLC raised its stake in Trane Technologies by 60.0% during the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock valued at $2,288,000 after purchasing an additional 2,323 shares during the period. Sivia Capital Partners LLC boosted its position in shares of Trane Technologies by 22.4% in the second quarter. Sivia Capital Partners LLC now owns 1,665 shares of the company’s stock worth $728,000 after buying an additional 305 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in shares of Trane Technologies by 2.2% during the second quarter. Wealthcare Advisory Partners LLC now owns 4,862 shares of the company’s stock valued at $2,126,000 after buying an additional 104 shares in the last quarter. Merit Financial Group LLC raised its position in Trane Technologies by 10.6% during the second quarter. Merit Financial Group LLC now owns 7,572 shares of the company’s stock valued at $3,312,000 after buying an additional 724 shares during the period. Finally, Grimes & Company Inc. lifted its stake in Trane Technologies by 0.6% in the 2nd quarter. Grimes & Company Inc. now owns 4,531 shares of the company’s stock worth $1,982,000 after acquiring an additional 27 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Stock Performance

Shares of TT opened at $434.98 on Wednesday. The firm has a market cap of $96.45 billion, a price-to-earnings ratio of 33.51, a price-to-earnings-growth ratio of 2.13 and a beta of 1.21. The company’s fifty day moving average is $396.85 and its 200-day moving average is $414.38. The company has a quick ratio of 0.92, a current ratio of 1.25 and a debt-to-equity ratio of 0.46. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $476.18.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Thursday, January 29th. The company reported $2.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.05. Trane Technologies had a net margin of 13.69% and a return on equity of 36.34%. The firm had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.09 billion. During the same period in the prior year, the company posted $2.61 earnings per share. Trane Technologies’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities analysts expect that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TT has been the topic of several research analyst reports. Melius Research raised Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 target price on the stock in a research note on Wednesday, January 7th. UBS Group decreased their price target on shares of Trane Technologies from $544.00 to $520.00 and set a “buy” rating for the company in a report on Monday, January 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a research note on Wednesday, January 21st. KeyCorp upgraded shares of Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a research report on Monday, December 15th. Finally, Morgan Stanley decreased their target price on shares of Trane Technologies from $550.00 to $535.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Trane Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $484.67.

Trane Technologies Company Profile

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.