Horizon Investments LLC Has $11.89 Million Holdings in Trane Technologies plc $TT

Key Points

• Horizon Investments LLC boosted its stake in Trane Technologies by 115.4% in Q4, adding 16,370 shares to hold 30,560 shares valued at $11.894 million at period end.
• Trane posted a strong Q1 — adjusted EPS $2.63 and revenue $4.97B beat estimates — and raised FY‑2026 EPS guidance to $14.75–14.95 while bookings rose ~24% and backlog hit a record ~$10.7B, prompting several analyst price‑target increases (e.g., Barclays $585, Citi $570).
• Insiders sold a total of 62,590 shares (~$27.4M) over the past 90 days (including transactions by Donald Simmons and CFO Christopher Kuehn executed under 10b5‑1 plans), while insiders now own about 0.14% of the stock.

Horizon Investments LLC grew its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 115.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,560 shares of the company's stock after acquiring an additional 16,370 shares during the quarter. Horizon Investments LLC's holdings in Trane Technologies were worth $11,894,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Trane Technologies by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 20,020,321 shares of the company's stock valued at $7,791,909,000 after buying an additional 192,270 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Trane Technologies by 10.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,525,010 shares of the company's stock valued at $6,550,975,000 after acquiring an additional 1,433,563 shares in the last quarter. Nordea Investment Management AB boosted its stake in Trane Technologies by 2.9% in the 4th quarter. Nordea Investment Management AB now owns 2,586,506 shares of the company's stock worth $1,010,419,000 after purchasing an additional 72,998 shares during the period. Bank of America Corp DE raised its stake in shares of Trane Technologies by 9.2% in the 3rd quarter. Bank of America Corp DE now owns 2,422,690 shares of the company's stock valued at $1,022,278,000 after purchasing an additional 203,766 shares during the period. Finally, Legal & General Group Plc raised its position in Trane Technologies by 2.4% in the 3rd quarter. Legal & General Group Plc now owns 1,880,221 shares of the company's stock valued at $793,378,000 after buying an additional 44,243 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

More Trane Technologies News

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

Insider Buying and Selling

In related 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 transaction, the insider owned 3,819 shares of the company's stock, valued at $1,909,500. The trade was a 54.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 company's stock in a transaction dated 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 of the company's stock, valued at $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 62,590 shares of company stock valued at $27,403,514 over the last 90 days. 0.14% of the stock is currently owned by insiders.

Trane Technologies Stock Performance

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 current ratio of 1.10, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The stock has a market cap of $107.62 billion, a P/E ratio of 37.50, a PEG ratio of 2.60 and a beta of 1.25. The stock has a 50 day simple moving average of $447.39 and a 200 day simple moving average of $425.36.

Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.53 by $0.10. Trane Technologies had a net margin of 13.41% and a return on equity of 35.55%. The business had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the prior year, the company posted $2.45 earnings per share. Trane Technologies'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. Research analysts anticipate that Trane Technologies plc will post 14.75 earnings per share for the current year.

Trane Technologies Announces Dividend

The business 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 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, June 5th. Trane Technologies's dividend payout ratio (DPR) is 32.36%.

Analyst Upgrades and Downgrades

TT has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their target price on shares of Trane Technologies from $434.00 to $460.00 and gave the company a "neutral" rating in a research report on Friday, January 30th. Oppenheimer increased 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. Barclays raised their price objective on Trane Technologies from $507.00 to $585.00 and gave the company an "overweight" rating in a report on Friday. UBS Group dropped their target price on Trane Technologies from $544.00 to $520.00 and set a "buy" rating on the stock in a report on Monday, January 5th. Finally, Royal Bank Of Canada raised their price target on Trane Technologies from $440.00 to $501.00 and gave the company a "sector perform" rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Trane Technologies has a consensus rating of "Moderate Buy" and an average price target of $505.56.

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.

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