Sound Income Strategies LLC Has $37,000 Holdings in Trane Technologies plc (NYSE:TT)

Sound Income Strategies LLC increased its stake in shares of Trane Technologies plc (NYSE:TT) by 1,314.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 99 shares of the company’s stock after acquiring an additional 92 shares during the period. Sound Income Strategies LLC’s holdings in Trane Technologies were worth $37,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. MidAtlantic Capital Management Inc. bought a new stake in shares of Trane Technologies in the third quarter valued at about $27,000. Global Wealth Strategies & Associates acquired a new stake in Trane Technologies in the 4th quarter valued at approximately $26,000. DT Investment Partners LLC bought a new stake in Trane Technologies in the 3rd quarter valued at approximately $36,000. Pittenger & Anderson Inc. acquired a new position in Trane Technologies during the 3rd quarter worth approximately $39,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of Trane Technologies during the 3rd quarter worth approximately $44,000. 82.97% of the stock is owned by institutional investors.

Insider Activity at Trane Technologies

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of Trane Technologies stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total value of $1,800,864.00. Following the completion of the sale, the senior vice president now owns 12,893 shares in the company, valued at $5,363,488. The trade was a 25.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Robert W. Baird reduced their target price on shares of Trane Technologies from $408.00 to $404.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. UBS Group began coverage on shares of Trane Technologies in a research note on Wednesday, November 13th. They set a “buy” rating and a $500.00 price objective for the company. Northcoast Research began coverage on Trane Technologies in a research report on Friday, November 22nd. They issued a “buy” rating and a $500.00 target price on the stock. Barclays increased their price target on Trane Technologies from $440.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, Hsbc Global Res lowered Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Trane Technologies has an average rating of “Hold” and a consensus price target of $420.64.

Trane Technologies Price Performance

Shares of TT opened at $400.88 on Friday. The company’s 50-day moving average is $394.35 and its 200-day moving average is $375.50. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.22 and a quick ratio of 0.92. The firm has a market capitalization of $90.21 billion, a PE ratio of 37.19, a PEG ratio of 2.16 and a beta of 1.06. Trane Technologies plc has a fifty-two week low of $250.06 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, beating 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 firm had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same period in the prior year, the firm earned $2.79 EPS. The business’s revenue was up 10.0% on a year-over-year basis. Equities analysts forecast that Trane Technologies plc will post 11.16 EPS for the current year.

Trane Technologies 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.