State of New Jersey Common Pension Fund D Sells 1,418 Shares of Trane Technologies plc $TT

State of New Jersey Common Pension Fund D lowered its holdings in Trane Technologies plc (NYSE:TT) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,127 shares of the company’s stock after selling 1,418 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Trane Technologies were worth $29,629,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Financial Consulate Inc. bought a new stake in shares of Trane Technologies in the 3rd quarter valued at about $25,000. United Community Bank raised its holdings in shares of Trane Technologies by 134.4% in the 3rd quarter. United Community Bank now owns 75 shares of the company’s stock valued at $32,000 after purchasing an additional 43 shares in the last quarter. JPL Wealth Management LLC bought a new stake in shares of Trane Technologies in the 3rd quarter valued at about $32,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Trane Technologies in the 3rd quarter valued at about $42,000. Finally, Hantz Financial Services Inc. raised its holdings in shares of Trane Technologies by 58.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 106 shares of the company’s stock valued at $45,000 after purchasing an additional 39 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on TT shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a research note on Monday, April 20th. Citigroup boosted their price objective on shares of Trane Technologies from $513.00 to $525.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Royal Bank Of Canada boosted their price objective on shares of Trane Technologies from $469.00 to $470.00 and gave the stock a “sector perform” rating in a research note on Friday, January 30th. UBS Group reduced their price objective on shares of Trane Technologies from $544.00 to $520.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Finally, Barclays boosted their price objective on shares of Trane Technologies from $505.00 to $507.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Trane Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $494.06.

Insider Activity at Trane Technologies

In other Trane Technologies news, CAO Elizabeth A. Elwell sold 635 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $422.70, for a total transaction of $268,414.50. Following the sale, the chief accounting officer owned 7,100 shares of the company’s stock, valued at approximately $3,001,170. The trade was a 8.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Christopher J. Kuehn sold 8,619 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $450.00, for a total transaction of $3,878,550.00. Following the sale, the chief financial officer directly owned 60,576 shares in the company, valued at approximately $27,259,200. This represents a 12.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 57,997 shares of company stock worth $25,107,014 in the last quarter. 0.14% of the stock is currently owned by company insiders.

Trane Technologies Trading Up 2.8%

NYSE TT opened at $492.93 on Friday. The firm has a market cap of $109.00 billion, a PE ratio of 37.98, a price-to-earnings-growth ratio of 2.53 and a beta of 1.21. Trane Technologies plc has a 52 week low of $348.06 and a 52 week high of $503.47. The company has a quick ratio of 0.92, a current ratio of 1.25 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average price of $447.39 and a 200 day moving average price of $425.36.

Trane Technologies (NYSE:TT) last released its 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. The company had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $4.81 billion. Trane Technologies had a net margin of 13.69% and a return on equity of 36.34%. Trane Technologies’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.45 EPS. Trane Technologies has set its FY 2026 guidance at 14.750-14.950 EPS. As a group, sell-side analysts forecast that Trane Technologies plc will post 14.75 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given 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 payout ratio is currently 32.36%.

Key Trane Technologies News

Here are the key news stories impacting Trane Technologies this week:

• Positive Sentiment: Q1 results beat expectations — adjusted EPS of $2.63 vs. $2.53 consensus and revenue of ~$4.97B topped estimates; management highlighted strong margins and ROE. Trane Technologies (TT) Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: Bookings surge and backlog at record levels — bookings up ~24% y/y and backlog roughly $10.7B, supporting a stronger 2026 outlook and indicating healthy future revenue visibility. Trane Q1 Earnings Beat Estimates on Strong Bookings, Backlog
• Positive Sentiment: Company raised FY2026 guidance — updated EPS range to 14.75–14.95 and lifted revenue target to about $23.3B, roughly in line or slightly above Street expectations, reducing near-term forecast risk. Trane Technologies Reports Strong First-Quarter Results; Raises Full-Year Revenue and EPS Guidance
• Positive Sentiment: Analyst affirmation — channel checks and sell-side coverage remain constructive (KeyBanc raised its price target to $525), which can support further upside as sell-side conviction improves. Is Trane Technologies (TT) the Best Data Center Cooling Company to Invest In?
• Neutral Sentiment: Earnings call transcript and disclosures available — useful for parsing margin drivers, geographic demand and aftermarket trends but no surprising negative items highlighted. Trane Technologies plc (TT) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Deeper metric review — pieces comparing key metrics to estimates give detail on organic growth, segment trends and backlog conversion but don’t contradict the upbeat headline. Compared to Estimates, Trane Technologies (TT) Q1 Earnings: A Look at Key Metrics
• Neutral Sentiment: Valuation context — recent analyst notes and valuation write-ups discuss growth investments (e.g., data-center cooling) and training spend; valuation (e.g., elevated P/E) may temper upside for some investors. A Look At Trane Technologies (TT) Valuation As Growth Forecasts And Training Investments Support HVAC Demand

Trane Technologies Profile

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.