Segall Bryant & Hamill LLC Purchases Shares of 53,415 Trane Technologies plc $TT

Segall Bryant & Hamill LLC purchased a new position in Trane Technologies plc (NYSE:TT) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 53,415 shares of the company’s stock, valued at approximately $23,098,000.

A number of other institutional investors have also recently made changes to their positions in TT. Farther Finance Advisors LLC boosted its stake in Trane Technologies by 64.0% during the fourth quarter. Farther Finance Advisors LLC now owns 7,478 shares of the company’s stock valued at $2,911,000 after buying an additional 2,917 shares during the last quarter. Dara Capital US Inc. purchased a new position in Trane Technologies during the 4th quarter valued at approximately $966,000. ProCore Advisors LLC bought a new stake in Trane Technologies in the 4th quarter worth approximately $939,000. Horizon Investments LLC raised its holdings in shares of Trane Technologies by 115.4% during the 4th quarter. Horizon Investments LLC now owns 30,560 shares of the company’s stock worth $11,894,000 after acquiring an additional 16,370 shares in the last quarter. Finally, LBP AM SA raised 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 acquiring an additional 32,724 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Trane Technologies News Roundup

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a report on Friday, July 17th. Citigroup decreased their price target on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating on the stock in a research note on Friday. Barclays increased their price objective on shares of Trane Technologies from $507.00 to $585.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. lifted their price objective 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, Royal Bank Of Canada reduced their target price 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. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Trane Technologies has an average rating of “Moderate Buy” and a consensus price target of $520.07.

Trane Technologies Price Performance

Shares of Trane Technologies stock opened at $455.78 on Friday. The stock 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 company has a debt-to-equity ratio of 0.45, a quick ratio of 0.77 and a current ratio of 1.07. The stock has a 50 day moving average price of $470.95 and a 200-day moving average price of $452.60. Trane Technologies plc has a one year low of $348.06 and a one year high of $505.87.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, July 30th. The company reported $4.31 earnings per share for the quarter, beating the consensus estimate of $4.27 by $0.04. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the previous year, the company posted $3.88 EPS. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Equities analysts expect that Trane Technologies plc will post 15.25 EPS for the current year.

Trane Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be given a dividend of $1.05 per share. The ex-dividend date is Friday, September 4th. This represents a $4.20 dividend on an annualized basis and a yield of 0.9%. Trane Technologies’s payout ratio is 32.48%.

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.