Danske Bank A S Has $60.88 Million Stock Holdings in Trane Technologies plc $TT

Key Points

• Danske Bank A/S cut its stake in Trane Technologies by 25.8% in Q4, selling 54,390 shares and retaining 156,433 shares worth $60.88 million (about 0.07% of the company).
• Trane posted a strong Q1 with adjusted EPS of $2.63 (vs. $2.53 est.) and revenue of $4.97B, raised FY‑2026 EPS guidance to $14.75–14.95, and reported ~24% bookings growth with a record backlog of ~$10.7B.
• Analyst sentiment has turned bullish with multiple price‑target raises (e.g., Barclays $585, Citi $570, KeyCorp $555) and a MarketBeat consensus of Moderate Buy with an average target of $505.56.

Danske Bank A S cut its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 25.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 156,433 shares of the company's stock after selling 54,390 shares during the quarter. Danske Bank A S owned approximately 0.07% of Trane Technologies worth $60,884,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TT. Aptus Capital Advisors LLC increased its holdings in shares of Trane Technologies by 169.8% in the third quarter. Aptus Capital Advisors LLC now owns 14,738 shares of the company's stock valued at $6,219,000 after purchasing an additional 9,276 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Trane Technologies during the third quarter worth $6,571,000. Nordea Investment Management AB increased its stake in Trane Technologies by 2.4% during the third quarter. Nordea Investment Management AB now owns 2,513,508 shares of the company's stock worth $1,051,049,000 after acquiring an additional 57,774 shares during the last quarter. Boston Common Asset Management LLC acquired a new stake in Trane Technologies during the third quarter worth $9,546,000. Finally, Compass Wealth Management LLC increased its stake in Trane Technologies by 3,785.4% during the third quarter. Compass Wealth Management LLC now owns 27,198 shares of the company's stock worth $11,476,000 after acquiring an additional 26,498 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Trane Technologies

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

• Positive Sentiment: Q1 beat and raised full‑year guidance — Trane reported adjusted EPS of $2.63 and revenue of $4.97B, topped estimates and raised FY‑2026 EPS guidance to $14.75–14.95 and revenue guidance above prior expectations. Business Wire: Q1 Results & Guidance
• Positive Sentiment: Strong bookings and record backlog — Bookings rose ~24% (GAAP bookings $6.69B) and backlog hit a record ~$10.7B, supporting the higher outlook. Zacks: Bookings & Backlog
• Positive Sentiment: Barclays raised its target to $585 and kept an overweight rating — a sizeable upgrade that implies meaningful upside. Benzinga: Barclays Raise
• Positive Sentiment: Citigroup raised its target to $570 and reiterated a buy rating — another influential firm boosting expectations. Benzinga: Citi Raise
• Positive Sentiment: KeyCorp and RBC also lifted targets (KeyCorp to $555, RBC to $501), adding to the cluster of analyst support. Benzinga: KeyCorp & RBC Raises
• Neutral Sentiment: Earnings call materials and slide deck available for deeper read — useful for investors assessing margin drivers and backlog conversion timing. Seeking Alpha: Q1 Presentation
• Negative Sentiment: Relative underperformance vs. peers noted — one note flagged that TT underperformed competitors on the day despite gains, which could reflect sector rotation or profit‑taking after the rally. MarketWatch: Relative Underperformance

Trane Technologies Stock Down 1.2%

Shares of NYSE TT opened at $486.73 on Friday. Trane Technologies plc has a 1 year low of $348.06 and a 1 year high of $503.47. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.10 and a quick ratio of 0.92. The company has a market capitalization of $107.62 billion, a price-to-earnings ratio of 37.50, a price-to-earnings-growth ratio of 2.60 and a beta of 1.25. The business has a 50-day moving average of $447.39 and a two-hundred day moving average of $425.36.

Trane Technologies (NYSE:TT - Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.10. Trane Technologies had a return on equity of 35.55% and a net margin of 13.41%.The business had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the previous year, the business earned $2.45 EPS. The business's quarterly revenue was up 6.0% on a year-over-year basis. Trane Technologies has set its FY 2026 guidance at 14.750-14.950 EPS. On average, analysts forecast that Trane Technologies plc will post 14.75 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, June 5th. Trane Technologies's payout ratio is presently 32.36%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Trane Technologies from $375.00 to $400.00 and gave the company an "underweight" rating in a research note on Friday, January 30th. BNP Paribas Exane assumed coverage on Trane Technologies in a research note on Tuesday, April 14th. They issued an "outperform" rating and a $550.00 price objective for the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Trane Technologies in a research note on Monday, April 20th. KeyCorp boosted their target price on Trane Technologies from $525.00 to $555.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Melius Research raised Trane Technologies from a "hold" rating to a "buy" rating and set a $490.00 target price for the company in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $505.56.

Insider Transactions at Trane Technologies

In other news, insider Donald E. Simmons sold 4,593 shares of the business's stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $500.00, for a total value of $2,296,500.00. Following the completion of the sale, the insider directly owned 3,819 shares of the company's stock, valued at approximately $1,909,500. The trade was a 54.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Christopher J. Kuehn sold 8,619 shares of the business's stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $450.00, for a total value of $3,878,550.00. Following the completion of the sale, the chief financial officer directly owned 60,576 shares of the company's stock, valued at $27,259,200. The trade was a 12.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 62,590 shares of company stock valued at $27,403,514 over the last quarter. Company 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.

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