TD Waterhouse Canada Inc. Decreases Stock Holdings in Trane Technologies plc $TT

TD Waterhouse Canada Inc. lowered its position in shares of Trane Technologies plc (NYSE:TT) by 10.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,723 shares of the company’s stock after selling 4,143 shares during the period. TD Waterhouse Canada Inc.’s holdings in Trane Technologies were worth $14,784,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Trane Technologies by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 19,792,410 shares of the company’s stock worth $8,657,398,000 after acquiring an additional 335,634 shares in the last quarter. State Street Corp lifted its stake in Trane Technologies by 0.3% during the second quarter. State Street Corp now owns 10,077,267 shares of the company’s stock worth $4,407,904,000 after purchasing an additional 31,826 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Trane Technologies by 1.1% in the second quarter. Geode Capital Management LLC now owns 4,973,217 shares of the company’s stock valued at $2,164,764,000 after purchasing an additional 56,293 shares in the last quarter. Norges Bank purchased a new position in Trane Technologies in the second quarter valued at approximately $1,356,065,000. Finally, Nordea Investment Management AB raised its holdings in Trane Technologies by 2.4% during the third quarter. Nordea Investment Management AB now owns 2,513,508 shares of the company’s stock worth $1,051,049,000 after purchasing an additional 57,774 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Oppenheimer raised shares of Trane Technologies from a “market perform” rating to an “outperform” rating and set a $460.00 target price on the stock in a research report on Tuesday, January 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday, January 21st. Barclays reduced their target price on Trane Technologies from $506.00 to $505.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. JPMorgan Chase & Co. raised their price target on Trane Technologies from $407.00 to $434.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Finally, Morgan Stanley cut their price target on Trane Technologies from $550.00 to $535.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $479.73.

Trane Technologies Stock Performance

Shares of TT stock opened at $425.66 on Friday. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $476.18. The stock’s 50-day moving average price is $396.04 and its 200 day moving average price is $415.08. The company has a quick ratio of 0.84, a current ratio of 1.20 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $94.39 billion, a PE ratio of 32.74, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21.

Trane Technologies (NYSE:TT) last announced its earnings results on Thursday, January 29th. The company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.04. Trane Technologies had a return on equity of 37.04% and a net margin of 13.93%.The company had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.09 billion. As a group, equities research analysts forecast that Trane Technologies plc will post 12.83 EPS for the current year.

Trending Headlines about Trane Technologies

Here are the key news stories impacting Trane Technologies this week:

• Positive Sentiment: Q4 results beat estimates: Adjusted EPS $2.86 vs. consensus ~ $2.82 and revenue $5.14B vs. ~$5.09B; bookings jumped ~24% year?over?year and backlog provides forward revenue visibility. Business Wire: Q4 & Full?Year 2025 Results
• Positive Sentiment: Management tone and presentation emphasize robust bookings, backlog strength and improving cash flow — commentary on the earnings call and slide deck supports a constructive near?term outlook. Earnings Call Transcript
• Positive Sentiment: End?market momentum: reports cite demand tailwinds from data center HVAC and commercial markets, helping revenue and bookings growth. MSN: Data Center Demand Lifts Sales
• Neutral Sentiment: Analyst commentary and screens highlight TT as a momentum stock and review key metrics versus estimates — useful for positioning but not a change in fundamentals by itself. Zacks: Momentum Thesis
• Neutral Sentiment: Full earnings materials (press release, slide deck, transcript) and multiple previews/reviews are available for investors who want the granular segment and regional detail. Earnings Presentation
• Negative Sentiment: Valuation and liquidity considerations: TT trades at a relatively rich P/E (~32.7) and has a quick ratio below 1 (quick ratio ~0.84), which investors may view as valuation risk or short?term liquidity constraint despite strong margins. (Company filings / market data)

Trane Technologies Company Profile

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.