Bank of America Corp DE Sells 231,773 Shares of Trane Technologies plc $TT

Posted by Stanley Muller on Aug 1st, 2026

Bank of America Corp DE reduced its holdings in shares of Trane Technologies plc (NYSE:TT – Free Report) by 12.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,649,910 shares of the company’s stock after selling 231,773 shares during the quarter. Bank of America Corp DE’s holdings in Trane Technologies were worth $687,583,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in shares of Trane Technologies by 64.0% during the fourth quarter. Farther Finance Advisors LLC now owns 7,478 shares of the company’s stock worth $2,911,000 after buying an additional 2,917 shares in the last quarter. Dara Capital US Inc. purchased a new stake in Trane Technologies in the fourth quarter valued at $966,000. ProCore Advisors LLC purchased a new stake in Trane Technologies in the fourth quarter valued at $939,000. Horizon Investments LLC lifted its stake in shares of Trane Technologies by 115.4% in the 4th quarter. Horizon Investments LLC now owns 30,560 shares of the company’s stock valued at $11,894,000 after purchasing an additional 16,370 shares during the last quarter. Finally, LBP AM SA grew its holdings in shares of Trane Technologies by 153.0% during the 4th quarter. LBP AM SA now owns 54,112 shares of the company’s stock worth $21,060,000 after purchasing an additional 32,724 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Trading Up 3.5%

TT opened at $455.78 on Friday. The firm has a market cap of $100.75 billion, a price-to-earnings ratio of 34.53, a price-to-earnings-growth ratio of 1.98 and a beta of 1.19. The business’s 50 day moving average is $470.95 and its two-hundred day moving average is $452.60. The company has a quick ratio of 0.77, a current ratio of 1.07 and a debt-to-equity ratio of 0.45. 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 posted its quarterly earnings data on Thursday, July 30th. The company reported $4.31 earnings per share for the quarter, topping analysts’ consensus estimates of $4.27 by $0.04. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same period last year, the firm earned $3.88 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, research analysts predict that Trane Technologies plc will post 15.25 EPS for the current year.

Trane Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.20 annualized dividend and a dividend yield of 0.9%. Trane Technologies’s payout ratio is presently 32.48%.

Analyst Ratings Changes

Several equities analysts have recently commented on TT shares. Weiss Ratings restated a “buy (b)” rating on shares of Trane Technologies in a report on Friday, July 17th. Sanford C. Bernstein set a $555.00 target price on Trane Technologies in a research note on Thursday, July 9th. Barclays raised their target price on Trane Technologies from $507.00 to $585.00 and gave the company an “overweight” rating in a report on Friday, May 1st. JPMorgan Chase & Co. boosted their price target on shares of Trane Technologies from $460.00 to $476.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Finally, Wall Street Zen upgraded shares of Trane Technologies from a “hold” rating to a “buy” rating in a research note on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $520.07.

Get Our Latest Stock Report on Trane Technologies

Trane Technologies News Summary

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 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.