Rathbones Group PLC lifted its holdings in Trane Technologies plc (NYSE:TT – Free Report) by 4.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 71,833 shares of the company’s stock after acquiring an additional 3,263 shares during the quarter. Rathbones Group PLC’s holdings in Trane Technologies were worth $29,936,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Trane Technologies in the fourth quarter worth $1,163,124,000. Capital International Investors purchased a new stake in shares of Trane Technologies in the fourth quarter valued at approximately $324,639,000. Amundi raised its position in Trane Technologies by 47.8% during the first quarter. Amundi now owns 2,174,396 shares of the company’s stock worth $906,158,000 after acquiring an additional 703,018 shares during the period. First Trust Advisors LP grew its holdings in shares of Trane Technologies by 536.6% during the first quarter. First Trust Advisors LP now owns 532,138 shares of the company’s stock worth $221,763,000 after buying an additional 448,547 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Trane Technologies by 215.9% in the 1st quarter. Hsbc Holdings PLC now owns 653,423 shares of the company’s stock valued at $271,950,000 after buying an additional 446,598 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts recently issued reports on TT shares. Royal Bank Of Canada reduced their price objective on shares of Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating on the stock in a report on Friday. Evercore started coverage on Trane Technologies in a report on Monday, April 13th. They issued an “outperform” rating and a $535.00 price objective on the stock. Sanford C. Bernstein set a $555.00 price objective on Trane Technologies in a report on Thursday, July 9th. 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 research note on Friday, May 1st. Finally, BNP Paribas Exane initiated coverage on shares of Trane Technologies in a research note on Tuesday, April 14th. They set an “outperform” rating and a $550.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $520.07.
Key Headlines Impacting Trane Technologies
Here are the key news stories impacting Trane Technologies this week:
- Positive Sentiment: Second-quarter results exceeded expectations. Adjusted EPS was $4.31, above the $4.27 consensus and up from $3.88 a year earlier. Revenue rose 10.6% year over year to $6.35 billion, surpassing the $6.20 billion estimate. TT’s Q2 Earnings and Revenues Beat Estimates, Increase Year Over Year
- Positive Sentiment: Bookings surged 39% to $7.82 billion on a reported basis, or 37% organically, while the company cited a record backlog. These trends strengthen visibility into future revenue and suggest sustained demand for Trane’s climate-control products and services. Trane Technologies Reports Strong Second Quarter Results; Raises Full-Year Revenue and EPS Guidance
- Positive Sentiment: Management raised its 2026 forecast. Full-year adjusted EPS guidance is now $15.20–$15.30, above the roughly $14.90 analyst consensus, while revenue guidance of approximately $23.8 billion exceeds the $23.4 billion consensus. Trane Technologies Q2 Earnings and Revenues Beat Estimates
- Neutral Sentiment: Analyst actions were mixed but still imply upside. Citigroup lowered its target from $570 to $566 while maintaining a Buy rating. RBC cut its target from $501 to $496 and assigned a Sector Perform rating. The reductions may temper enthusiasm, but both targets remain above the cited share price. Analyst Price Target Updates
Trane Technologies Trading Up 0.2%
Shares of Trane Technologies stock opened at $455.78 on Monday. Trane Technologies plc has a fifty-two week low of $348.06 and a fifty-two week high of $505.87. The business’s fifty day moving average is $470.95 and its two-hundred day moving average is $453.08. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.45. The firm has a market cap of $100.75 billion, a PE ratio of 34.53, a P/E/G ratio of 2.04 and a beta of 1.19.
Trane Technologies (NYSE:TT – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.27 by $0.04. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the company earned $3.88 earnings per share. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Analysts anticipate that Trane Technologies plc will post 15.26 earnings per share for the current year.
Trane Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be paid a $1.05 dividend. The ex-dividend date is Friday, September 4th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 0.9%. Trane Technologies’s dividend payout ratio (DPR) is 31.82%.
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.
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