State of New Jersey Common Pension Fund D Reduces Stock Holdings in Trane Technologies plc $TT

State of New Jersey Common Pension Fund D reduced its holdings in Trane Technologies plc (NYSE:TT) by 1.8% during the 4th quarter, Holdings Channel reports. The fund owned 76,127 shares of the company’s stock after selling 1,418 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Trane Technologies were worth $29,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in TT. JPMorgan Chase & Co. boosted its holdings in shares of Trane Technologies by 10.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,525,010 shares of the company’s stock valued at $6,550,975,000 after acquiring an additional 1,433,563 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Trane Technologies by 135.4% in the 2nd quarter. Corient Private Wealth LLC now owns 735,589 shares of the company’s stock valued at $321,757,000 after acquiring an additional 423,090 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Trane Technologies by 13,460.8% in the 4th quarter. SG Americas Securities LLC now owns 423,504 shares of the company’s stock valued at $164,828,000 after acquiring an additional 420,381 shares during the last quarter. Credit Agricole S A purchased a new stake in shares of Trane Technologies in the 3rd quarter valued at $118,129,000. Finally, Danske Bank A S purchased a new stake in shares of Trane Technologies in the 3rd quarter valued at $88,959,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Trane Technologies Stock Performance

Shares of NYSE TT opened at $492.93 on Friday. The company’s fifty day moving average price is $447.39 and its 200 day moving average price is $425.36. Trane Technologies plc has a 1 year low of $348.06 and a 1 year high of $503.47. The company has a market capitalization of $109.00 billion, a PE ratio of 37.98, a price-to-earnings-growth ratio of 2.53 and a beta of 1.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.25.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, April 30th. The company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.10. The company had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Trane Technologies had a net margin of 13.69% and a return on equity of 36.34%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.45 earnings per share. Trane Technologies has set its FY 2026 guidance at 14.750-14.950 EPS. On average, research analysts predict that Trane Technologies plc will post 14.75 earnings per share for the current year.

Trane Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given a dividend of $1.05 per share. The ex-dividend date is Friday, June 5th. This represents a $4.20 dividend on an annualized basis and a yield of 0.9%. Trane Technologies’s dividend payout ratio is currently 32.36%.

Trane Technologies News Roundup

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

• Positive Sentiment: Q1 results beat expectations — adjusted EPS of $2.63 vs. $2.53 consensus and revenue of ~$4.97B topped estimates; management highlighted strong margins and ROE. Trane Technologies (TT) Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: Bookings surge and backlog at record levels — bookings up ~24% y/y and backlog roughly $10.7B, supporting a stronger 2026 outlook and indicating healthy future revenue visibility. Trane Q1 Earnings Beat Estimates on Strong Bookings, Backlog
• Positive Sentiment: Company raised FY2026 guidance — updated EPS range to 14.75–14.95 and lifted revenue target to about $23.3B, roughly in line or slightly above Street expectations, reducing near-term forecast risk. Trane Technologies Reports Strong First-Quarter Results; Raises Full-Year Revenue and EPS Guidance
• Positive Sentiment: Analyst affirmation — channel checks and sell-side coverage remain constructive (KeyBanc raised its price target to $525), which can support further upside as sell-side conviction improves. Is Trane Technologies (TT) the Best Data Center Cooling Company to Invest In?
• Neutral Sentiment: Earnings call transcript and disclosures available — useful for parsing margin drivers, geographic demand and aftermarket trends but no surprising negative items highlighted. Trane Technologies plc (TT) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Deeper metric review — pieces comparing key metrics to estimates give detail on organic growth, segment trends and backlog conversion but don’t contradict the upbeat headline. Compared to Estimates, Trane Technologies (TT) Q1 Earnings: A Look at Key Metrics
• Neutral Sentiment: Valuation context — recent analyst notes and valuation write-ups discuss growth investments (e.g., data-center cooling) and training spend; valuation (e.g., elevated P/E) may temper upside for some investors. A Look At Trane Technologies (TT) Valuation As Growth Forecasts And Training Investments Support HVAC Demand

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TT shares. Morgan Stanley lowered their price target on shares of Trane Technologies from $550.00 to $535.00 and set an “overweight” rating on the stock in a report on Tuesday, January 13th. JPMorgan Chase & Co. increased their price target on shares of Trane Technologies from $434.00 to $460.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. BNP Paribas Exane started coverage on shares of Trane Technologies in a report on Tuesday, April 14th. They set an “outperform” rating and a $550.00 price target on the stock. Barclays increased their price target on shares of Trane Technologies from $505.00 to $507.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Finally, Evercore started coverage on shares of Trane Technologies in a report on Monday, April 13th. They set an “outperform” rating and a $535.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $494.06.

Insider Activity at Trane Technologies

In other Trane Technologies news, CFO Christopher J. Kuehn sold 8,619 shares of the company’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $450.00, for a total transaction of $3,878,550.00. Following the completion of the transaction, the chief financial officer directly owned 60,576 shares in the company, valued at approximately $27,259,200. This represents a 12.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Elizabeth A. Elwell sold 635 shares of the company’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $422.70, for a total transaction of $268,414.50. Following the transaction, the chief accounting officer owned 7,100 shares of the company’s stock, valued at $3,001,170. This represents a 8.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 57,997 shares of company stock valued at $25,107,014. Insiders own 0.14% of the company’s stock.

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.