Sumitomo Mitsui Trust Group Inc. Sells 24,212 Shares of Trane Technologies plc $TT

Posted by Francis Steltz on Jul 10th, 2026

Sumitomo Mitsui Trust Group Inc. cut its position in Trane Technologies plc (NYSE:TT – Free Report) by 4.6% during the 1st quarter, HoldingsChannel reports. The firm owned 505,570 shares of the company’s stock after selling 24,212 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Trane Technologies were worth $210,691,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Tucker Asset Management LLC bought a new stake in shares of Trane Technologies in the 4th quarter valued at $25,000. JPL Wealth Management LLC bought a new position in Trane Technologies during the third quarter worth about $32,000. Hilton Head Capital Partners LLC acquired a new position in Trane Technologies in the fourth quarter valued at about $32,000. Physician Wealth Advisors Inc. grew its stake in Trane Technologies by 192.6% in 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. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Trane Technologies in the fourth quarter worth about $34,000. 82.97% of the stock is owned by institutional investors.

Insider Transactions at Trane Technologies

In other Trane Technologies news, insider Donald E. Simmons sold 4,593 shares of Trane Technologies stock in a transaction 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 sale, the insider directly owned 3,819 shares in the company, valued at approximately $1,909,500. The trade was a 54.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TT shares. JPMorgan Chase & Co. lifted their price objective on Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Citigroup increased their target price on Trane Technologies from $525.00 to $570.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. KeyCorp raised their target price on shares of Trane Technologies from $525.00 to $555.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Sanford C. Bernstein set a $555.00 price target on shares of Trane Technologies in a research note on Thursday. Finally, Barclays upped their price target on shares of Trane Technologies from $507.00 to $585.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $512.50.

View Our Latest Research Report on Trane Technologies

Trane Technologies Stock Down 0.1%

Shares of Trane Technologies stock opened at $471.96 on Friday. The firm has a market cap of $104.33 billion, a PE ratio of 36.50, a P/E/G ratio of 2.17 and a beta of 1.19. The business’s 50 day simple moving average is $470.04 and its 200 day simple moving average is $443.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.77 and a current ratio of 1.10. Trane Technologies plc has a 52-week low of $348.06 and a 52-week high of $505.87.

Trane Technologies (NYSE:TT – Get Free Report) last released its quarterly earnings results on Friday, May 1st. The company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.10. Trane Technologies had a return on equity of 35.55% and a net margin of 13.41%.The firm had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter in the prior year, the firm posted $2.45 EPS. The business’s revenue was up 6.0% on a year-over-year basis. On average, analysts predict that Trane Technologies plc will post 14.9 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 Wednesday, September 30th. Investors of record on Friday, September 4th will be given a $1.05 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.20 dividend on an annualized basis and a yield of 0.9%. Trane Technologies’s dividend payout ratio (DPR) is 32.48%.

Trane Technologies Company Profile

(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.