American Institute for Advanced Investment Management LLP Purchases Shares of 665 Trane Technologies plc (NYSE:TT)

American Institute for Advanced Investment Management LLP acquired a new stake in shares of Trane Technologies plc (NYSE:TT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 665 shares of the company's stock, valued at approximately $224,000.

A number of other large investors also recently bought and sold shares of the business. Minot DeBlois Advisors LLC bought a new stake in Trane Technologies during the 4th quarter valued at $26,000. WFA Asset Management Corp raised its position in Trane Technologies by 208.3% during the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company's stock valued at $25,000 after purchasing an additional 50 shares in the last quarter. Vermillion & White Wealth Management Group LLC bought a new stake in Trane Technologies during the 4th quarter valued at $28,000. Opal Wealth Advisors LLC bought a new stake in Trane Technologies during the 1st quarter valued at $31,000. Finally, Flagship Wealth Advisors LLC bought a new stake in Trane Technologies during the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Trane Technologies Stock Down 0.8%

NYSE:TT traded down $3.47 during mid-day trading on Friday, hitting $420.84. 1,230,048 shares of the company's stock traded hands, compared to its average volume of 1,346,793. The company has a fifty day moving average of $392.71 and a 200 day moving average of $376.73. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $436.61. The company has a market capitalization of $93.85 billion, a P/E ratio of 37.41, a P/E/G ratio of 2.50 and a beta of 1.16. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21.

Trane Technologies (NYSE:TT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.25. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. 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 company posted $1.94 EPS. The firm's quarterly revenue was up 11.2% compared to the same quarter last year. On average, analysts forecast that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Friday, September 5th. Trane Technologies's dividend payout ratio is currently 31.28%.

Wall Street Analyst Weigh In

TT has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their target price on Trane Technologies from $363.00 to $408.00 and gave the company a "sector perform" rating in a research report on Thursday, May 1st. UBS Group boosted their price target on Trane Technologies from $470.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. HSBC raised Trane Technologies from a "hold" rating to a "buy" rating and boosted their price target for the stock from $405.00 to $415.00 in a research report on Friday, April 25th. Hsbc Global Res raised Trane Technologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. boosted their price target on Trane Technologies from $334.00 to $400.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $427.47.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, insider Donald E. Simmons sold 3,571 shares of the business's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $380.00, for a total transaction of $1,356,980.00. Following the sale, the insider now owns 3,593 shares in the company, valued at approximately $1,365,340. The trade was a 49.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.38% of the company's stock.

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.