Varma Mutual Pension Insurance Co Boosts Stake in Trane Technologies plc $TT

Key Points

• Varma Mutual Pension Insurance Co increased its stake in Trane Technologies by 5.9% in Q4, buying 2,599 shares to hold 46,410 shares valued at about $18.06 million.
• Company insiders have been net sellers, disposing of 62,590 shares worth $27.4 million over the past 90 days — notably the CFO sold 8,619 shares at $450 and the CEO sold 36,045 shares at $422.69 — leaving insiders with just 0.14% ownership.
• Trane beat quarterly expectations with $2.63 EPS (vs. $2.53 est.) and $4.97B revenue (vs. $4.81B est.), set FY2026 EPS guidance of 14.75–14.95, and has seen several analysts raise price targets, with a consensus rating of "Moderate Buy" and a target around $505.56.

Varma Mutual Pension Insurance Co lifted its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,410 shares of the company's stock after purchasing an additional 2,599 shares during the period. Varma Mutual Pension Insurance Co's holdings in Trane Technologies were worth $18,063,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Financial Consulate Inc. bought a new position in shares of Trane Technologies during the third quarter worth about $25,000. United Community Bank lifted its position in shares of Trane Technologies by 134.4% during the third quarter. United Community Bank now owns 75 shares of the company's stock worth $32,000 after purchasing an additional 43 shares during the last quarter. JPL Wealth Management LLC bought a new position in shares of Trane Technologies during the third quarter worth about $32,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Trane Technologies during the third quarter worth about $42,000. Finally, Hantz Financial Services Inc. lifted its position in shares of Trane Technologies by 58.2% during the third quarter. Hantz Financial Services Inc. now owns 106 shares of the company's stock worth $45,000 after purchasing an additional 39 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

Insider Activity at Trane Technologies

In related news, CFO Christopher J. Kuehn sold 8,619 shares of the firm's stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $450.00, for a total transaction of $3,878,550.00. Following the transaction, the chief financial officer owned 60,576 shares in the company, valued at $27,259,200. This trade represents a 12.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David S. Regnery sold 36,045 shares of the firm'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 transaction of $15,235,861.05. Following the transaction, the chief executive officer owned 96,948 shares in the company, valued at $40,978,950.12. This represents a 27.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 62,590 shares of company stock worth $27,403,514 over the last ninety days. Insiders own 0.14% of the company's stock.

Trane Technologies Price Performance

Shares of NYSE:TT opened at $486.07 on Tuesday. The firm's 50 day moving average is $447.39 and its two-hundred day moving average is $425.43. Trane Technologies plc has a 52 week low of $348.06 and a 52 week high of $503.47. The firm has a market capitalization of $107.48 billion, a P/E ratio of 37.59, a PEG 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 announced 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 company had revenue of $4.97 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same quarter last year, the business earned $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. 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 dividend yield of 0.9%. The ex-dividend date is Friday, June 5th. Trane Technologies's dividend payout ratio (DPR) is currently 32.48%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. KeyCorp increased their price target on shares of Trane Technologies from $525.00 to $555.00 and gave the stock an "overweight" rating in a research report on Friday. Barclays increased their price target on shares of Trane Technologies from $507.00 to $585.00 and gave the stock an "overweight" rating in a research report on Friday. Oppenheimer raised their target price on shares of Trane Technologies from $460.00 to $468.00 and gave the stock an "outperform" rating in a report on Friday, January 30th. Evercore initiated coverage on shares of Trane Technologies in a report on Monday, April 13th. They issued an "outperform" rating and a $535.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their target price on shares of Trane Technologies from $434.00 to $460.00 and gave the stock a "neutral" rating in a report on Friday, January 30th. One equities research 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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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