Strs Ohio Sells 16,234 Shares of Trane Technologies plc $TT

Key Points

• Strs Ohio cut its stake in Trane Technologies by 14.1% in Q4, selling 16,234 shares and leaving it with 99,218 shares valued at about $38.6 million.
• Q1 results beat expectations — adjusted EPS $2.63 and revenue $4.97B — and management raised FY‑2026 EPS guidance to $14.75–14.95 while bookings jumped ~24% and backlog reached a record ~$10.7B, prompting several analyst price‑target upgrades.
• Significant insider selling occurred recently: the CEO sold 36,045 shares and the CFO 8,619, with insiders offloading 62,590 shares (~$27.4M) in the last three months.

Strs Ohio lowered its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 14.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,218 shares of the company's stock after selling 16,234 shares during the quarter. Strs Ohio's holdings in Trane Technologies were worth $38,616,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. OneAscent Wealth Management LLC raised its position in shares of Trane Technologies by 1.5% during the third quarter. OneAscent Wealth Management LLC now owns 1,627 shares of the company's stock worth $686,000 after acquiring an additional 24 shares during the last quarter. Bridgewater Advisors Inc. raised its position in shares of Trane Technologies by 3.7% during the third quarter. Bridgewater Advisors Inc. now owns 670 shares of the company's stock worth $285,000 after acquiring an additional 24 shares during the last quarter. West Family Investments Inc. raised its position in shares of Trane Technologies by 2.3% during the third quarter. West Family Investments Inc. now owns 1,072 shares of the company's stock worth $452,000 after acquiring an additional 24 shares during the last quarter. Cresset Asset Management LLC raised its position in shares of Trane Technologies by 0.3% during the third quarter. Cresset Asset Management LLC now owns 7,012 shares of the company's stock worth $2,959,000 after acquiring an additional 24 shares during the last quarter. Finally, Mather Group LLC. raised its position in shares of Trane Technologies by 2.7% during the third quarter. Mather Group LLC. now owns 966 shares of the company's stock worth $408,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

Key Headlines Impacting 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. The company has a 50 day moving average price of $447.39 and a two-hundred day moving average price of $425.41. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.10. The company has a market capitalization of $107.62 billion, a PE ratio of 37.64, a PEG ratio of 2.56 and a beta of 1.25. Trane Technologies plc has a 52 week low of $348.06 and a 52 week 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, topping 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 for the quarter, compared to analysts' expectations of $4.81 billion. During the same period last year, the firm posted $2.45 earnings per share. The business's quarterly 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. Analysts forecast that Trane Technologies plc will post 14.76 earnings per share for the current year.

Trane Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, June 5th. Trane Technologies's payout ratio is presently 32.48%.

Insiders Place Their Bets

In other Trane Technologies news, CEO David S. Regnery sold 36,045 shares of the stock in a transaction dated Friday, March 6th. The stock was 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 $40,978,950.12. This represents a 27.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Christopher J. Kuehn sold 8,619 shares of the firm's stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $450.00, for a total value of $3,878,550.00. Following the sale, the chief financial officer directly owned 60,576 shares in the company, valued at approximately $27,259,200. This represents a 12.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 in the last three months. Insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

TT has been the subject of a number of recent research reports. KeyCorp boosted their target price on Trane Technologies from $525.00 to $555.00 and gave the stock an "overweight" rating in a research report on Friday. Wells Fargo & Company boosted their target price on Trane Technologies from $375.00 to $400.00 and gave the stock an "underweight" rating in a research report on Friday, January 30th. Barclays boosted 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. Weiss Ratings reiterated 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 issued an "outperform" rating and a $550.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has assigned 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.

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.

Want to see what other hedge funds are holding TT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trane Technologies plc (NYSE:TT - Free Report).

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.