Baker Avenue Asset Management LP Has $2.97 Million Stock Position in Trane Technologies plc $TT

Key Points

• Baker Avenue Asset Management increased its Trane Technologies stake by 1,085.7% in the fourth quarter, ending with 7,624 shares valued at about $2.97 million.
• Trane Technologies reported strong quarterly results, with earnings of $2.63 per share and revenue of $4.97 billion, both ahead of analyst expectations. The company also raised its FY 2026 EPS guidance to 14.75–14.95.
• Analyst sentiment remains positive overall, with an average rating of Moderate Buy and an average price target of $506.56. The stock also pays a quarterly dividend of $1.05 per share, yielding about 0.9%.

Baker Avenue Asset Management LP grew its stake in Trane Technologies plc (NYSE:TT - Free Report) by 1,085.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,624 shares of the company's stock after buying an additional 6,981 shares during the period. Baker Avenue Asset Management LP's holdings in Trane Technologies were worth $2,967,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in Trane Technologies by 60.0% during the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company's stock worth $2,288,000 after purchasing an additional 2,323 shares during the period. Sivia Capital Partners LLC grew its stake in Trane Technologies by 22.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,665 shares of the company's stock valued at $728,000 after buying an additional 305 shares during the last quarter. Schnieders Capital Management LLC. acquired a new position in Trane Technologies in the 2nd quarter valued at $227,000. Nebula Research & Development LLC lifted its position in Trane Technologies by 178.0% during the 2nd quarter. Nebula Research & Development LLC now owns 2,371 shares of the company's stock worth $1,037,000 after acquiring an additional 1,518 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in Trane Technologies by 0.5% during the second quarter. Treasurer of the State of North Carolina now owns 104,140 shares of the company's stock valued at $45,552,000 after acquiring an additional 497 shares during the period. Institutional investors own 82.97% of the company's stock.

Analysts Set New Price Targets

TT has been the topic of a number of recent analyst reports. BNP Paribas Exane initiated coverage on Trane Technologies in a research note on Tuesday, April 14th. They issued an "outperform" rating and a $550.00 price objective on the stock. Wells Fargo & Company upped their price target on Trane Technologies from $375.00 to $400.00 and gave the stock an "underweight" rating in a report on Friday, January 30th. Oppenheimer raised their price objective on shares of Trane Technologies from $460.00 to $468.00 and gave the stock an "outperform" rating in a research note on Friday, January 30th. Royal Bank Of Canada upped their target price on shares of Trane Technologies from $440.00 to $501.00 and gave the company a "sector perform" rating in a research note on Friday, May 1st. Finally, Barclays lifted their target price on Trane Technologies from $507.00 to $585.00 and gave the stock an "overweight" rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Trane Technologies presently has an average rating of "Moderate Buy" and an average target price of $506.56.

Trane Technologies Price Performance

Trane Technologies stock opened at $452.79 on Friday. The business has a 50 day simple moving average of $454.93 and a 200 day simple moving average of $429.89. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.10 and a quick ratio of 0.77. The company has a market capitalization of $100.09 billion, a PE ratio of 35.02, a price-to-earnings-growth ratio of 2.11 and a beta of 1.25. Trane Technologies plc has a one year low of $348.06 and a one year high of $503.47.

Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $2.63 earnings per share for the quarter, beating analysts' consensus estimates of $2.53 by $0.10. Trane Technologies had a return on equity of 35.55% and a net margin of 13.41%.The firm had revenue of $4.97 billion for the quarter, compared to analysts' expectations of $4.81 billion. During the same period in the prior year, the business posted $2.45 earnings per share. The business's revenue was up 6.0% compared to the same quarter last year. Trane Technologies has set its FY 2026 guidance at 14.750-14.950 EPS. On average, sell-side analysts forecast that Trane Technologies plc will post 14.88 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be paid 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 dividend payout ratio is currently 32.48%.

Insider Activity

In related news, CEO David S. Regnery sold 36,045 shares of the firm's stock in a transaction on Friday, March 6th. The stock was sold at an average price of $422.69, for a total transaction of $15,235,861.05. Following the completion of the sale, the chief executive officer directly owned 96,948 shares of the company's stock, valued at $40,978,950.12. This trade represents a 27.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Elizabeth A. Elwell sold 635 shares of Trane Technologies stock in a transaction on Friday, March 6th. The shares were sold at an average price of $422.70, for a total value of $268,414.50. Following the completion of the transaction, 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 SEC filing for this sale provides additional information. In the last ninety days, insiders sold 53,654 shares of company stock worth $23,269,523. Corporate insiders own 0.14% of the company's stock.

Trane Technologies Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.