Trane Technologies plc (NYSE:TT - Get Free Report) insider Donald Simmons sold 4,593 shares of the business's stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $500.00, for a total transaction of $2,296,500.00. Following the sale, the insider owned 3,819 shares in the company, valued at $1,909,500. This trade represents a 54.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Trane Technologies Stock Down 1.2%
TT stock opened at $486.73 on Friday. Trane Technologies plc has a 52 week low of $348.06 and a 52 week high of $503.47. The company has a market capitalization of $107.62 billion, a price-to-earnings ratio of 37.50, a price-to-earnings-growth ratio of 2.60 and a beta of 1.25. The firm's 50-day moving average is $447.39 and its two-hundred day moving average is $425.36. The company has a current ratio of 1.10, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46.
Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $2.63 EPS for the quarter, topping analysts' consensus estimates of $2.53 by $0.10. Trane Technologies had a net margin of 13.41% and a return on equity of 35.55%. The company had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the previous year, the firm earned $2.45 EPS. Trane Technologies's revenue was up 6.0% on a year-over-year basis. Trane Technologies has set its FY 2026 guidance at 14.750-14.950 EPS. On average, analysts forecast that Trane Technologies plc will post 14.75 earnings per share for the current fiscal year.
Trane Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, June 5th. Trane Technologies's payout ratio is presently 32.36%.
Institutional Investors Weigh In On Trane Technologies
Large investors have recently made changes to their positions in the company. Financial Consulate Inc. acquired a new stake in shares of Trane Technologies during the third quarter valued at approximately $25,000. Tucker Asset Management LLC acquired a new stake in shares of Trane Technologies during the fourth quarter valued at approximately $25,000. United Community Bank raised its holdings in shares of Trane Technologies by 134.4% during the third quarter. United Community Bank now owns 75 shares of the company's stock valued at $32,000 after acquiring an additional 43 shares during the period. JPL Wealth Management LLC acquired a new stake in shares of Trane Technologies during the third quarter valued at approximately $32,000. Finally, Physician Wealth Advisors Inc. raised its holdings in shares of Trane Technologies by 192.6% during the first quarter. Physician Wealth Advisors Inc. now owns 79 shares of the company's stock valued at $33,000 after acquiring an additional 52 shares during the period. Institutional investors and hedge funds own 82.97% of the company's stock.
Key Trane Technologies News
Here are the key news stories impacting Trane Technologies this week:
- Positive Sentiment: Q1 beat and raised full‑year guidance — Trane reported adjusted EPS of $2.63 and revenue of $4.97B, topped estimates and raised FY‑2026 EPS guidance to $14.75–14.95 and revenue guidance above prior expectations. Business Wire: Q1 Results & Guidance
- Positive Sentiment: Strong bookings and record backlog — Bookings rose ~24% (GAAP bookings $6.69B) and backlog hit a record ~$10.7B, supporting the higher outlook. Zacks: Bookings & Backlog
- Positive Sentiment: Barclays raised its target to $585 and kept an overweight rating — a sizeable upgrade that implies meaningful upside. Benzinga: Barclays Raise
- Positive Sentiment: Citigroup raised its target to $570 and reiterated a buy rating — another influential firm boosting expectations. Benzinga: Citi Raise
- Positive Sentiment: KeyCorp and RBC also lifted targets (KeyCorp to $555, RBC to $501), adding to the cluster of analyst support. Benzinga: KeyCorp & RBC Raises
- Neutral Sentiment: Earnings call materials and slide deck available for deeper read — useful for investors assessing margin drivers and backlog conversion timing. Seeking Alpha: Q1 Presentation
- Negative Sentiment: Relative underperformance vs. peers noted — one note flagged that TT underperformed competitors on the day despite gains, which could reflect sector rotation or profit‑taking after the rally. MarketWatch: Relative Underperformance
Wall Street Analyst Weigh In
A number of analysts recently commented on TT shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Trane Technologies in a report on Monday, April 20th. UBS Group dropped their target price on shares of Trane Technologies from $544.00 to $520.00 and set a "buy" rating on the stock in a report on Monday, January 5th. Melius Research upgraded shares of Trane Technologies from a "hold" rating to a "buy" rating and set a $490.00 target price on the stock in a report on Wednesday, January 7th. Evercore started coverage on shares of Trane Technologies in a report on Monday, April 13th. They issued an "outperform" rating and a $535.00 target price on the stock. Finally, Barclays boosted their target price on shares of Trane Technologies from $507.00 to $585.00 and gave the stock an "overweight" rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $505.56.
View Our Latest Analysis on TT
About Trane Technologies
(
Get Free Report)
Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.
In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.
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