KD Logo

JP Morgan upgrades Trane Technologies plc (TT) rating to a Neutral

In a filing, Trane Technologies plc revealed its Executive Vice President Camuti Paul A unloaded Company’s shares for reported $6.25 million on Jun 05 ’24. In the deal valued at $321.33 per share,19,447 shares were sold. As a result of this transaction, Camuti Paul A now holds 88,909 shares worth roughly $28.57 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Then, Turtz Evan M sold 8,988 shares, generating $2,887,846 in total proceeds. Upon selling the shares at $321.30, the Senior Vice President now owns 20,758 shares.

Before that, Kuehn Christopher J sold 4,025 shares. Trane Technologies plc shares valued at $1,293,683 were divested by the Executive Vice President & CFO at a price of $321.41 per share. As a result of the transaction, Kuehn Christopher J now holds 61,293 shares, worth roughly $19.7 million.

JP Morgan upgraded its Trane Technologies plc [TT] rating to a Neutral from a an Underweight in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early October from “an Underperform” to “a Neutral”. HSBC Securities began covering TT with “Buy” recommendation on September 15, 2023. Oppenheimer started covering the stock on March 28, 2023. It rated TT as “a Perform”.

Price Performance Review of TT

On Monday, Trane Technologies plc [NYSE:TT] saw its stock fall -2.30% to $321.36. Over the last five days, the stock has lost -4.96%. Trane Technologies plc shares have risen nearly 31.76% since the year began. Nevertheless, the stocks have risen 69.15% over the past one year. While a 52-week high of $345.46 was reached on 06/18/24, a 52-week low of $184.02 was recorded on 01/03/24. SMA at 50 days reached $323.80, while 200 days put it at $265.57. A total of 1.59 million shares were traded, compared to the trading of 5.61 million shares in the previous session.

Levels Of Support And Resistance For TT Stock

The 24-hour chart illustrates a support level at 316.99, which if violated will result in even more drops to 312.62. On the upside, there is a resistance level at 329.25. A further resistance level may holdings at 337.15. The Relative Strength Index (RSI) on the 14-day chart is 43.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.61%. Stochastics%K at 35.54% indicates the stock is a holding.

Most Popular