Trane Technologies (NYSE:TT) Insider Donald Simmons Sells 4,593 Shares

Trane Technologies plc (NYSE:TT) insider Donald Simmons sold 4,593 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $500.00, for a total value of $2,296,500.00. Following the transaction, the insider owned 3,819 shares of the company’s stock, valued at $1,909,500. This represents a 54.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trane Technologies Price Performance

Shares of TT stock traded down $5.81 on Friday, reaching $486.73. The company’s stock had a trading volume of 1,058,632 shares, compared to its average volume of 1,536,537. The stock’s fifty day simple moving average is $447.39 and its 200-day simple moving average 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 $107.62 billion, a price-to-earnings ratio of 37.50, a price-to-earnings-growth ratio of 2.53 and a beta of 1.21. The company has a current ratio of 1.25, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Thursday, April 30th. The company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.53 by $0.10. Trane Technologies had a net margin of 13.69% and a return on equity of 36.34%. The business had revenue of $4.97 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same quarter last year, the business earned $2.45 earnings per share. Trane Technologies’s quarterly revenue was up 6.0% compared to the same quarter last year. Trane Technologies has set its FY 2026 guidance at 14.750-14.950 EPS. Analysts forecast that Trane Technologies plc will post 14.75 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, June 5th. Trane Technologies’s dividend payout ratio (DPR) is presently 32.36%.

Trending Headlines about Trane Technologies

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

Analyst Ratings Changes

Several research firms recently weighed in on TT. Oppenheimer increased their price target on Trane Technologies from $460.00 to $468.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Morgan Stanley reduced their target price on shares of Trane Technologies from $550.00 to $535.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. Wells Fargo & Company raised their target price on shares of Trane Technologies from $375.00 to $400.00 and gave the stock an “underweight” rating in a report on Friday, January 30th. UBS Group cut their price target 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. Finally, BNP Paribas Exane initiated coverage on shares of Trane Technologies in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $550.00 price objective for the company. 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 given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $505.56.

Hedge Funds Weigh In On Trane Technologies

A number of institutional investors have recently modified their holdings of the stock. WealthShield Partners LLC grew its holdings in Trane Technologies by 1.7% during the 1st quarter. WealthShield Partners LLC now owns 11,248 shares of the company’s stock worth $4,688,000 after acquiring an additional 186 shares in the last quarter. Simplicity Wealth LLC boosted its stake in shares of Trane Technologies by 37.3% during the first quarter. Simplicity Wealth LLC now owns 843 shares of the company’s stock valued at $351,000 after purchasing an additional 229 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Trane Technologies by 18.6% during the first quarter. Sequoia Financial Advisors LLC now owns 7,672 shares of the company’s stock valued at $3,197,000 after buying an additional 1,205 shares during the period. Kornitzer Capital Management Inc. KS raised its stake in Trane Technologies by 39.7% in the first quarter. Kornitzer Capital Management Inc. KS now owns 2,025 shares of the company’s stock worth $844,000 after buying an additional 575 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in Trane Technologies by 215.9% during the first quarter. Hsbc Holdings PLC now owns 653,423 shares of the company’s stock worth $271,950,000 after buying an additional 446,598 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

About Trane Technologies

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.