Principal Financial Group Inc. Decreases Stake in Trane Technologies plc $TT

Key Points

• Principal Financial Group trimmed its stake in Trane Technologies by 1.2%, selling 11,545 shares to hold 959,982 shares worth about $373.6 million (≈0.43% ownership) at the end of the fourth quarter.
• Trane beat estimates for the quarter with $2.63 EPS (vs. $2.53 expected) and $4.97B revenue (vs. $4.81B expected), and set FY2026 guidance of $14.75–$14.95 EPS (consensus ~14.76).
• Notable insider selling occurred recently—CEO David Regnery sold 36,045 shares and the CAO sold 635 shares, with insiders disposing of 62,590 shares (~$27.4M) over the past three months.

Principal Financial Group Inc. cut its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 959,982 shares of the company's stock after selling 11,545 shares during the period. Principal Financial Group Inc. owned 0.43% of Trane Technologies worth $373,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. QRG Capital Management Inc. raised its position in Trane Technologies by 3.1% during the fourth quarter. QRG Capital Management Inc. now owns 55,314 shares of the company's stock valued at $21,528,000 after purchasing an additional 1,669 shares during the period. Pinnacle Wealth Management Advisory Group LLC grew its stake in Trane Technologies by 12.0% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,199 shares of the company's stock worth $467,000 after purchasing an additional 128 shares in the last quarter. Varma Mutual Pension Insurance Co grew its stake in Trane Technologies by 5.9% in the fourth quarter. Varma Mutual Pension Insurance Co now owns 46,410 shares of the company's stock worth $18,063,000 after purchasing an additional 2,599 shares in the last quarter. Avidian Wealth Enterprises LLC grew its stake in Trane Technologies by 6.0% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 528 shares of the company's stock worth $206,000 after purchasing an additional 30 shares in the last quarter. Finally, FSA Advisors Inc. purchased a new stake in Trane Technologies during the fourth quarter worth $6,588,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Trane Technologies Trading Down 0.1%

TT stock opened at $486.07 on Tuesday. 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 plc has a 12-month low of $348.06 and a 12-month high of $503.47. The stock has a market cap of $107.48 billion, a price-to-earnings ratio of 37.59, a PEG ratio of 2.56 and a beta of 1.25. The business's 50-day moving average is $447.39 and its 200 day moving average is $425.43.

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

Trane Technologies Dividend Announcement

The business 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 dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, June 5th. Trane Technologies's payout ratio is currently 32.48%.

Insiders Place Their Bets

In other Trane Technologies news, CAO Elizabeth A. Elwell sold 635 shares of the business's stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $422.70, for a total value of $268,414.50. Following the sale, the chief accounting officer owned 7,100 shares of the company's stock, valued at $3,001,170. The trade was a 8.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David S. Regnery sold 36,045 shares of the business's stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $422.69, for a total value 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. The trade was a 27.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 62,590 shares of company stock valued at $27,403,514. Insiders own 0.14% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Royal Bank Of Canada upped their target price on Trane Technologies from $440.00 to $501.00 and gave the stock a "sector perform" rating in a report on Friday. BNP Paribas Exane began coverage on Trane Technologies in a research note on Tuesday, April 14th. They issued an "outperform" rating and a $550.00 target price for the company. Barclays raised their target price on Trane Technologies from $507.00 to $585.00 and gave the stock an "overweight" rating in a research note on Friday. JPMorgan Chase & Co. lifted their price objective on Trane Technologies from $434.00 to $460.00 and gave the company a "neutral" rating in a research note on Friday, January 30th. Finally, Evercore initiated coverage on Trane Technologies in a research note on Monday, April 13th. They issued an "outperform" rating and a $535.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Trane Technologies has an average rating of "Moderate Buy" and a consensus price target of $505.56.

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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