First Trust Advisors LP Sells 4,069 Shares of Trane Technologies plc $TT

First Trust Advisors LP lessened its holdings in Trane Technologies plc (NYSE:TT) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 152,660 shares of the company’s stock after selling 4,069 shares during the period. First Trust Advisors LP’s holdings in Trane Technologies were worth $64,416,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TT. Norges Bank bought a new stake in shares of Trane Technologies in the second quarter valued at $1,356,065,000. JPMorgan Chase & Co. grew its stake in shares of Trane Technologies by 10.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,525,010 shares of the company’s stock worth $6,550,975,000 after acquiring an additional 1,433,563 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Trane Technologies by 229.3% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,752,551 shares of the company’s stock worth $766,583,000 after acquiring an additional 1,220,388 shares during the last quarter. ABN AMRO Bank N.V. purchased a new stake in Trane Technologies in the 2nd quarter worth about $291,206,000. Finally, Corient Private Wealth LLC raised its stake in Trane Technologies by 135.4% in the 2nd quarter. Corient Private Wealth LLC now owns 735,589 shares of the company’s stock valued at $321,757,000 after acquiring an additional 423,090 shares during the period. 82.97% of the stock is owned by institutional investors.

Trane Technologies News Summary

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

• Positive Sentiment: Quarterly results topped expectations (EPS and revenue marginally above consensus), supporting near‑term earnings visibility and multiple expansion. MarketBeat TT Company Page
• Positive Sentiment: Board approved a higher quarterly dividend (raised to $1.05 per share), which increases yield and signals confidence in cash flow and capital return policy. MarketBeat Dividend Item
• Positive Sentiment: Product/market expansion: Trane launched an HSAG air‑cooled magnetic‑bearing chiller aimed at Asia‑Pacific data center growth — a growth market with attractive aftermarket and service upside. Tridto: HSAG Chiller Launch
• Positive Sentiment: Commercial expansion: Company is expanding heat‑protection offerings in emerging markets, which could support incremental revenue and services growth in hotter, higher‑demand regions. Yahoo Finance: Heat Protection Expansion
• Neutral Sentiment: Analyst coverage remains broadly constructive (mix of Buy/Hold) with a consensus price target above current levels — helpful context but already priced into shares. MarketBeat Analyst Summary
• Negative Sentiment: CEO David S. Regnery sold 36,045 shares (~$15.2M at ~$422.7), a meaningful reduction in his position that investors may view as a negative signal on insider conviction. SEC Filing: CEO Sale
• Negative Sentiment: Other insider sales: Donald E. Simmons sold 3,762 shares and CAO Elizabeth Elwell sold 635 shares on the same day — additional insider selling that could increase short‑term volatility or investor concern. SEC Filing: Simmons Sale SEC Filing: Elwell Sale

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Barclays upped their price objective on shares of Trane Technologies from $505.00 to $507.00 and gave the company an “overweight” rating in a report on Friday, January 30th. UBS Group lowered their price target on shares of Trane Technologies from $544.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Royal Bank Of Canada upped their price target on shares of Trane Technologies from $469.00 to $470.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. Citigroup raised their price objective on shares of Trane Technologies from $513.00 to $525.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Finally, Melius Research raised shares of Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 target price on the stock in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Trane Technologies has a consensus rating of “Moderate Buy” and an average target price of $484.67.

Trane Technologies Price Performance

Shares of NYSE:TT opened at $433.46 on Wednesday. The company has a 50 day moving average of $424.27 and a 200 day moving average of $417.09. The company has a current ratio of 1.25, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The stock has a market cap of $95.94 billion, a P/E ratio of 33.39, a P/E/G ratio of 2.25 and a beta of 1.19. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $479.37.

Trane Technologies (NYSE:TT) last posted its earnings results on Thursday, January 29th. The company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.05. Trane Technologies had a net margin of 13.69% and a return on equity of 36.34%. The business had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.09 billion. During the same period in the prior year, the company posted $2.61 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Trane Technologies’s previous quarterly dividend of $0.94. The ex-dividend date is Friday, March 6th. Trane Technologies’s dividend payout ratio (DPR) is 32.36%.

Insiders Place Their Bets

In related news, CFO Christopher J. Kuehn sold 2,389 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $462.70, for a total transaction of $1,105,390.30. Following the completion of the transaction, the chief financial officer directly owned 60,486 shares in the company, valued at $27,986,872.20. The trade was a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Donald E. Simmons sold 3,762 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $422.70, for a total value of $1,590,197.40. Following the completion of the transaction, the insider owned 3,819 shares in the company, valued at $1,614,291.30. This represents a 49.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 49,378 shares of company stock worth $21,228,464 over the last three months. Corporate insiders own 0.14% of the company’s stock.

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.