Aspiriant LLC Invests $1.35 Million in Trane Technologies plc (NYSE:TT)

Aspiriant LLC bought a new position in shares of Trane Technologies plc (NYSE:TT - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,004 shares of the company's stock, valued at approximately $1,349,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Minot DeBlois Advisors LLC acquired a new position in shares of Trane Technologies in the 4th quarter valued at about $26,000. WFA Asset Management Corp increased its stake 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 buying an additional 50 shares during the period. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Trane Technologies in the fourth quarter worth $28,000. Opal Wealth Advisors LLC acquired a new position in shares of Trane Technologies in the first quarter worth $31,000. Finally, Flagship Wealth Advisors LLC acquired a new position in Trane Technologies in the 4th quarter worth about $37,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Insiders Place Their Bets

In related news, insider Donald E. Simmons sold 3,571 shares of the firm's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $380.00, for a total value of $1,356,980.00. Following the transaction, the insider now owns 3,593 shares in the company, valued at $1,365,340. This trade represents a 49.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.38% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on TT. Citigroup upped their target price on Trane Technologies from $415.00 to $445.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Hsbc Global Res upgraded shares of Trane Technologies from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. UBS Group increased their price target on shares of Trane Technologies from $470.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Robert W. Baird increased their price target on shares of Trane Technologies from $360.00 to $396.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Finally, Royal Bank Of Canada increased their target price on shares of Trane Technologies from $363.00 to $408.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Trane Technologies has a consensus rating of "Moderate Buy" and an average target price of $427.47.

Trane Technologies Price Performance

Shares of Trane Technologies stock opened at $421.86 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.74 and a current ratio of 1.09. The firm's 50-day simple moving average is $396.52 and its 200-day simple moving average is $376.85. The firm has a market cap of $94.08 billion, a P/E ratio of 35.10, a price-to-earnings-growth ratio of 2.80 and a beta of 1.16. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $436.61.

Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.20 by $0.25. The business had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.46 billion. Trane Technologies had a return on equity of 36.10% and a net margin of 13.47%. Trane Technologies's quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.94 EPS. As a group, research analysts expect that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

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

About Trane Technologies

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.

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