M&T Bank Corp Raises Holdings in Trane Technologies plc $TT

Key Points

• M&T Bank Corp increased its stake in Trane Technologies by 3.4% to 97,208 shares (worth about $37.83 million), and institutional investors hold roughly 82.97% of the company.
• Trane beat Q1 estimates (adjusted EPS $2.63; revenue $4.97B), raised FY‑2026 EPS guidance to $14.75–14.95, and reported ~24% booking growth with a record backlog of ~$10.7B, prompting several analysts to lift price targets.
• CEO David S. Regnery sold 36,045 shares for about $15.2 million on March 6, and insiders have sold a total of 62,590 shares (~$27.4M) in the past 90 days, leaving insiders with 0.14% ownership.

M&T Bank Corp grew its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 97,208 shares of the company's stock after purchasing an additional 3,205 shares during the quarter. M&T Bank Corp's holdings in Trane Technologies were worth $37,834,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in TT. Brighton Jones LLC grew its holdings in shares of 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 last quarter. Sivia Capital Partners LLC grew its holdings in shares of Trane Technologies by 22.4% during the second quarter. Sivia Capital Partners LLC now owns 1,665 shares of the company's stock worth $728,000 after purchasing an additional 305 shares during the last quarter. Schnieders Capital Management LLC. purchased a new position in shares of Trane Technologies during the second quarter worth about $227,000. Nebula Research & Development LLC grew its holdings in shares of Trane Technologies by 178.0% during the second quarter. Nebula Research & Development LLC now owns 2,371 shares of the company's stock worth $1,037,000 after purchasing an additional 1,518 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of 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 worth $45,552,000 after purchasing an additional 497 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Trane Technologies News Summary

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 Activity at Trane Technologies

In other news, CEO David S. Regnery sold 36,045 shares of Trane Technologies stock in a transaction that occurred on Friday, March 6th. The shares were 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 in the company, valued at approximately $40,978,950.12. This trade represents a 27.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Elizabeth A. Elwell sold 635 shares of Trane Technologies stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $422.70, for a total transaction of $268,414.50. Following the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 62,590 shares of company stock valued at $27,403,514 in the last 90 days. Insiders own 0.14% of the company's stock.

Trane Technologies Price Performance

Shares of TT opened at $486.73 on Monday. Trane Technologies plc has a twelve month low of $348.06 and a twelve month high of $503.47. The stock's 50 day moving average is $447.39 and its two-hundred day moving average is $425.43. The firm has a market capitalization of $107.62 billion, a PE ratio of 37.64, a P/E/G ratio of 2.56 and a beta of 1.25. The company has a current ratio of 1.10, a quick ratio of 0.77 and a debt-to-equity ratio of 0.46.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.53 by $0.10. Trane Technologies had a net margin of 13.41% and a return on equity of 35.55%. The company had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same period last year, the firm earned $2.45 EPS. The company's revenue for the quarter was up 6.0% on a year-over-year basis. Trane Technologies has set its FY 2026 guidance at 14.750-14.950 EPS. Research analysts anticipate that Trane Technologies plc will post 14.76 earnings per share for the current year.

Trane Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, June 5th. Trane Technologies's dividend payout ratio (DPR) is presently 32.48%.

Analyst Ratings Changes

A number of research firms recently issued reports on TT. Citigroup raised their price target on Trane Technologies from $525.00 to $570.00 and gave the stock a "buy" rating in a report on Friday. UBS Group lowered their price target on Trane Technologies from $544.00 to $520.00 and set a "buy" rating on the stock in a report on Monday, January 5th. Oppenheimer raised their price target on Trane Technologies from $460.00 to $468.00 and gave the stock an "outperform" rating in a report on Friday, January 30th. Weiss Ratings reissued a "buy (b)" rating on shares of Trane Technologies in a report on Monday, April 20th. Finally, BNP Paribas Exane began coverage on Trane Technologies in a report on Tuesday, April 14th. They set an "outperform" rating and a $550.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Trane Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $505.56.

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.

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