From MarketBeat: Greenwood Capital Associates LLC Invests $3.82 Million in Trane Technologies plc (NYSE:TT)

From MarketBeat:



Greenwood Capital Associates LLC bought a new position in Trane Technologies plc during the 3rd quarter, purchasing 18,847 shares. Other notable institutional investors such as Norges Bank, Ontario Teachers Pension Plan Board, Moneta Group Investment Advisors LLC, and BlackRock Inc. also acquired new positions in the company, while Magellan Asset Management Ltd made a significant purchase of Trane Technologies shares, worth approximately $236,412,000. Trane Technologies (NYSE:TT) currently has a 52 week low of $162.04 and a 52 week high of $244.78, with a market capitalization of $55.47 billion and a P/E ratio of 28.55. The company’s recent quarterly earnings report was positive, with the company reporting a 13.1% increase in revenue. In other news, several key executives at Trane Technologies, including the CEO and SVP, have sold shares of the company’s stock. The firm also recently announced a quarterly dividend. Wall Street analysts have issued a variety of ratings and price targets for the company, with the average rating for Trane Technologies being “Hold” and an average price target of $215.00.

Trane Technologies plc, an Irish company that provides solutions for heating, ventilation, air conditioning, and refrigeration, has garnered the attention of various institutional investors, with Greenwood Capital Associates LLC and several others acquiring new positions in the company. The stock performance of Trane Technologies has seen significant fluctuation, with the company reporting a 13.1% increase in revenue during its most recent quarterly earnings report. However, key executives at the company, including the CEO and SVP, have sold shares of the company’s stock. Analysts have issued hold and buy ratings for the stock, with the company having an average rating of “Hold” and an average price target of $215.00.



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