Swedbank AB Purchases 39,310 Shares of Trane Technologies plc $TT

Key Points

• Swedbank AB raised its stake in Trane Technologies in the fourth quarter by 3.6%, buying 39,310 shares to hold 1,135,205 shares—about 0.51% of the company valued at roughly $441.8 million.
• Trane reported quarterly EPS of $2.63, beating the $2.53 consensus, with revenue of $4.97 billion versus $4.81 billion, and set FY2026 guidance of $14.75–$14.95 EPS.
• The company announced a quarterly dividend of $1.05 per share (annualized $4.20; yield ~0.9%), with an ex-dividend date of June 5 and payment on June 30.

Swedbank AB raised its stake in Trane Technologies plc (NYSE:TT - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,135,205 shares of the company's stock after purchasing an additional 39,310 shares during the period. Swedbank AB owned approximately 0.51% of Trane Technologies worth $441,827,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TT. Brighton Jones LLC boosted its holdings in Trane Technologies by 60.0% in the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company's stock valued at $2,288,000 after purchasing an additional 2,323 shares during the period. Sivia Capital Partners LLC boosted its holdings in Trane Technologies by 22.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,665 shares of the company's stock valued at $728,000 after purchasing an additional 305 shares during the period. Schnieders Capital Management LLC. bought a new stake in Trane Technologies in the 2nd quarter valued at $227,000. Nebula Research & Development LLC boosted its holdings in Trane Technologies by 178.0% in the 2nd quarter. Nebula Research & Development LLC now owns 2,371 shares of the company's stock valued at $1,037,000 after purchasing an additional 1,518 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in Trane Technologies by 0.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 104,140 shares of the company's stock valued at $45,552,000 after purchasing an additional 497 shares during the period. 82.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TT shares. KeyCorp increased their price target on shares of Trane Technologies from $525.00 to $555.00 and gave the company an "overweight" rating in a report on Friday, May 1st. Melius Research upgraded shares of Trane Technologies from a "hold" rating to a "buy" rating and set a $490.00 price objective for the company in a research note on Wednesday, January 7th. Wells Fargo & Company increased their price objective on shares of Trane Technologies from $375.00 to $400.00 and gave the company an "underweight" rating in a research note on Friday, January 30th. Weiss Ratings restated a "buy (b)" rating on shares of Trane Technologies in a research note on Monday, April 20th. Finally, Royal Bank Of Canada increased their price objective on shares of Trane Technologies from $440.00 to $501.00 and gave the company a "sector perform" rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $505.56.

Trane Technologies Trading Down 1.9%

Shares of TT stock opened at $477.35 on Wednesday. Trane Technologies plc has a 52-week low of $348.06 and a 52-week high of $503.47. The stock has a market cap of $105.52 billion, a price-to-earnings ratio of 36.92, a P/E/G ratio of 2.26 and a beta of 1.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.77 and a current ratio of 1.10. The firm has a fifty day moving average of $447.60 and a 200-day moving average of $425.81.

Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $4.97 billion during the quarter, compared to analysts' expectations of $4.81 billion. Trane Technologies had a net margin of 13.41% and a return on equity of 35.55%. The business's revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.45 EPS. Trane Technologies has set its FY 2026 guidance at 14.750-14.950 EPS. On average, equities research analysts forecast that Trane Technologies plc will post 14.85 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

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

Insider Activity

In related news, CAO Elizabeth A. Elwell sold 635 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $422.70, for a total transaction of $268,414.50. Following the completion of the sale, the chief accounting officer owned 7,100 shares in the company, valued at $3,001,170. This trade represents a 8.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Christopher J. Kuehn sold 8,619 shares of the 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 owned 60,576 shares of the company's stock, valued at $27,259,200. This trade 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. Over the last 90 days, insiders have sold 62,590 shares of company stock worth $27,403,514. 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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