Rakuten Investment Management Inc. Purchases 39,559 Shares of Trane Technologies plc $TT

Posted by George Bondi on Nov 5th, 2026

Rakuten Investment Management Inc. acquired a new stake in Trane Technologies plc (NYSE:TT – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 39,559 shares of the company’s stock, valued at approximately $18,023,000.

Several other large investors also recently modified their holdings of the business. SEB Asset Management AB purchased a new stake in Trane Technologies during the 1st quarter worth approximately $47,195,000. Nicholson Wealth Management Group LLC acquired a new position in shares of Trane Technologies in the 1st quarter valued at approximately $1,644,000. Kestra Advisory Services LLC raised its position in shares of Trane Technologies by 14.2% in the 1st quarter. Kestra Advisory Services LLC now owns 26,934 shares of the company’s stock valued at $11,224,000 after purchasing an additional 3,348 shares in the last quarter. First Citizens Bank & Trust Co. boosted its stake in shares of Trane Technologies by 178.4% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 6,265 shares of the company’s stock valued at $2,832,000 after buying an additional 4,015 shares during the last quarter. Finally, Saudi Central Bank boosted its stake in shares of Trane Technologies by 89.3% during the 2nd quarter. Saudi Central Bank now owns 15,493 shares of the company’s stock valued at $7,610,000 after buying an additional 7,308 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Stock Performance

Shares of TT opened at $410.31 on Thursday. The firm has a market capitalization of $89.82 billion, a PE ratio of 28.98, a P/E/G ratio of 1.96 and a beta of 1.19. The company has a quick ratio of 0.79, a current ratio of 1.12 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $448.16 and a 200 day moving average price of $454.37. 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 issued its quarterly earnings results on Thursday, October 29th. The company reported $4.86 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.12. Trane Technologies had a net margin of 13.56% and a return on equity of 37.26%. The company had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.50 billion. During the same period in the prior year, the business posted $3.88 EPS. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Trane Technologies plc will post 15.29 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Friday, December 4th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, December 4th. Trane Technologies’s payout ratio is presently 29.66%.

Analyst Upgrades and Downgrades

TT has been the subject of a number of research analyst reports. Citigroup dropped their price target on shares of Trane Technologies from $566.00 to $549.00 and set a “buy” rating for the company in a research note on Monday. BNP Paribas Exane increased their price objective on shares of Trane Technologies from $560.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. assumed coverage on shares of Trane Technologies in a report on Friday, October 9th. They set an “overweight” rating and a $550.00 price objective for the company. Weiss Ratings raised shares of Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 10th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Trane Technologies from $515.00 to $499.00 and set a “hold” rating on the stock in a research note on Wednesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $535.89.

Check Out Our Latest Report on Trane Technologies

Insider Activity at Trane Technologies

In related news, CEO David Regnery sold 48,091 shares of the firm’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $480.00, for a total transaction of $23,083,680.00. Following the completion of the sale, the chief executive officer directly owned 96,951 shares in the company, valued at approximately $46,536,480. This trade represents a 33.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by insiders.

Trane Technologies Profile

(Free Report)

Trane Technologies plc is a global climate technology company that develops solutions for heating, ventilation, air conditioning, refrigeration and building management. Its products and services are designed to improve indoor comfort, energy efficiency and the sustainability of commercial, industrial, residential and institutional buildings.

The company operates through well-known brands including Trane, Thermo King and Frigoblock. Trane provides HVAC equipment, building controls, digital solutions, maintenance and energy services, while Thermo King and Frigoblock offer temperature-control systems for refrigerated transportation.