4,004 Shares in Trane Technologies plc (NYSE:TT) Acquired by Aspiriant LLC

Aspiriant LLC acquired a new position in shares of Trane Technologies plc (NYSE:TT) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,004 shares of the company’s stock, valued at approximately $1,349,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. WFA Asset Management Corp lifted its position in Trane Technologies by 208.3% in the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company’s stock valued at $25,000 after acquiring an additional 50 shares in the last quarter. Minot DeBlois Advisors LLC bought a new stake in shares of Trane Technologies in the 4th quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Trane Technologies in the 4th quarter valued at about $28,000. Opal Wealth Advisors LLC bought a new stake in shares of Trane Technologies in the 1st quarter valued at about $31,000. Finally, Flagship Wealth Advisors LLC bought a new stake in Trane Technologies in the fourth quarter valued at approximately $37,000. Institutional investors own 82.97% of the company’s stock.

Insider Activity at Trane Technologies

In other news, insider Donald E. Simmons sold 3,571 shares of the stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $380.00, for a total transaction of $1,356,980.00. Following the transaction, the insider now owns 3,593 shares of the company’s stock, valued at $1,365,340. This represents a 49.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TT has been the subject of several research reports. UBS Group raised their price target on Trane Technologies from $470.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, May 22nd. HSBC upgraded Trane Technologies from a “hold” rating to a “buy” rating and raised their price objective for the stock from $405.00 to $415.00 in a research note on Friday, April 25th. Robert W. Baird raised their price target on Trane Technologies from $360.00 to $396.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Hsbc Global Res raised shares of Trane Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, April 25th. Finally, Royal Bank Of Canada lifted their price objective on shares of Trane Technologies from $363.00 to $408.00 and gave the company a “sector perform” rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Trane Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $427.47.

Trane Technologies Stock Performance

Shares of Trane Technologies stock opened at $421.86 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 1.09 and a debt-to-equity ratio of 0.52. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $436.61. The stock has a market cap of $94.08 billion, a price-to-earnings ratio of 35.10, a P/E/G ratio of 2.80 and a beta of 1.16. The company’s fifty day moving average is $396.52 and its 200 day moving average is $376.85.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.25. Trane Technologies had a net margin of 13.47% and a return on equity of 36.10%. The company had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same period in the prior year, the firm posted $1.94 EPS. The company’s quarterly revenue was up 11.2% on a year-over-year basis. Sell-side analysts forecast that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a dividend of $0.94 per share. The ex-dividend date is Friday, September 5th. This represents a $3.76 dividend on an annualized basis and a yield of 0.89%. Trane Technologies’s dividend payout ratio (DPR) is currently 31.28%.

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.