Horizon Investments LLC Has $11.89 Million Stock Position in Trane Technologies plc $TT

Horizon Investments LLC grew its holdings in Trane Technologies plc (NYSE:TT) by 115.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 30,560 shares of the company’s stock after purchasing an additional 16,370 shares during the period. Horizon Investments LLC’s holdings in Trane Technologies were worth $11,894,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its stake in Trane Technologies by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 20,020,321 shares of the company’s stock worth $7,791,909,000 after acquiring an additional 192,270 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Trane Technologies by 10.2% during the third quarter. JPMorgan Chase & Co. now owns 15,525,010 shares of the company’s stock worth $6,550,975,000 after buying an additional 1,433,563 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Trane Technologies by 2.9% in the 4th quarter. Nordea Investment Management AB now owns 2,586,506 shares of the company’s stock valued at $1,010,419,000 after acquiring an additional 72,998 shares during the last quarter. Bank of America Corp DE grew its position in Trane Technologies by 9.2% during the 3rd quarter. Bank of America Corp DE now owns 2,422,690 shares of the company’s stock worth $1,022,278,000 after acquiring an additional 203,766 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Trane Technologies by 2.4% during the third quarter. Legal & General Group Plc now owns 1,880,221 shares of the company’s stock valued at $793,378,000 after purchasing an additional 44,243 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Insider Transactions at Trane Technologies

In other news, CAO Elizabeth A. Elwell sold 635 shares of Trane Technologies stock in a transaction on Friday, March 6th. The stock was sold at an average price of $422.70, for a total value of $268,414.50. Following the completion of the transaction, the chief accounting officer directly owned 7,100 shares in the company, valued at approximately $3,001,170. The trade was a 8.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David S. Regnery sold 36,045 shares of the stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $422.69, for a total transaction of $15,235,861.05. Following the completion of the sale, the chief executive officer directly owned 96,948 shares in the company, valued at approximately $40,978,950.12. The trade was a 27.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 62,590 shares of company stock worth $27,403,514 over the last quarter. 0.14% of the stock is currently owned by corporate insiders.

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

Trane Technologies Price Performance

TT opened at $486.73 on Friday. Trane Technologies plc has a 1 year low of $348.06 and a 1 year high of $503.47. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.10 and a quick ratio of 0.92. The company has a market capitalization of $107.62 billion, a price-to-earnings ratio of 37.50, a P/E/G ratio of 2.60 and a beta of 1.25. The firm’s fifty day moving average price is $447.39 and its two-hundred day moving average price is $425.36.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Thursday, April 30th. The company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.10. Trane Technologies had a net margin of 13.41% and a return on equity of 35.55%. The business had revenue of $4.97 billion for the quarter, compared to analysts’ expectations of $4.81 billion. During the same period in the previous year, the company earned $2.45 earnings per share. The firm’s revenue for the quarter 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. As a group, analysts anticipate that Trane Technologies plc will post 14.75 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Royal Bank Of Canada upped their target price on Trane Technologies from $440.00 to $501.00 and gave the company a “sector perform” rating in a research report on Friday. KeyCorp lifted their price objective on shares of Trane Technologies from $525.00 to $555.00 and gave the company an “overweight” rating in a research note on Friday. Melius Research raised shares of Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 target price on the stock in a research note on Wednesday, January 7th. Morgan Stanley decreased their price target on shares of Trane Technologies from $550.00 to $535.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. Finally, Barclays raised their price objective on shares of Trane Technologies from $507.00 to $585.00 and gave the company an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $505.56.

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.