Principal Financial Group Inc. Sells 51,814 Shares of Trane Technologies plc $TT

Principal Financial Group Inc. reduced its stake in shares of Trane Technologies plc (NYSE:TT) by 5.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 971,527 shares of the company’s stock after selling 51,814 shares during the quarter. Principal Financial Group Inc.’s holdings in Trane Technologies were worth $409,946,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Icon Advisers Inc. Co. bought a new position in Trane Technologies during the 2nd quarter worth approximately $26,000. Financial Consulate Inc. purchased a new stake in shares of Trane Technologies during the third quarter valued at approximately $25,000. Ameriflex Group Inc. bought a new position in shares of Trane Technologies in the second quarter worth approximately $28,000. Hantz Financial Services Inc. increased its stake in shares of Trane Technologies by 1,016.7% in the second quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock worth $29,000 after buying an additional 61 shares during the period. Finally, Halbert Hargrove Global Advisors LLC raised its holdings in Trane Technologies by 34.2% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 102 shares of the company’s stock valued at $43,000 after buying an additional 26 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Down 1.3%

Shares of NYSE:TT opened at $420.34 on Friday. The firm has a market capitalization of $93.21 billion, a P/E ratio of 32.38, a P/E/G ratio of 2.14 and a beta of 1.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 1.25. The stock has a 50 day moving average price of $396.23 and a 200-day moving average price of $414.80. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $476.18.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Thursday, January 29th. The company reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.05. The company had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.09 billion. Trane Technologies had a return on equity of 36.34% and a net margin of 13.69%.The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.61 earnings per share. As a group, equities research analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies News Roundup

Here are the key news stories impacting Trane Technologies this week:

• Positive Sentiment: Q4 results: TT reported better-than-expected Q4 revenue and adjusted EPS, highlighted record bookings and a growing backlog that management says provides strong visibility into 2026. This is the main fundamental driver behind today’s bullish analyst moves. BusinessWire: Q4 Results
• Positive Sentiment: Citigroup raised its price target to $525 with a Buy rating (largest implied upside among brokers noted), signalling strong buy-side conviction following the quarter. Benzinga: Citi PT Raise
• Positive Sentiment: Barclays lifted its target to $507 and kept an Overweight call, another bullish endorsement supporting upside potential. Benzinga: Barclays PT Raise
• Positive Sentiment: Oppenheimer bumped its target to $468 and maintained an Outperform view, reinforcing the upgrade momentum from sell?side analysts. Benzinga: Oppenheimer PT Raise
• Neutral Sentiment: Guidance: TT updated FY?2026 guidance to EPS 14.65–14.85 (roughly in line with consensus) and raised revenue guidance to ~$23.1–23.4B (slightly above consensus) — supportive but not a large surprise. TT FY2026 Guidance
• Neutral Sentiment: RBC raised its target to $470 but kept a “sector perform” rating — a modest endorsement that’s positive for price targets but not a clear buy signal. Benzinga: RBC PT Raise
• Neutral Sentiment: JPMorgan increased its target to $460 but kept a Neutral rating, signaling respect for the quarter without upgrading conviction. Benzinga: JPM PT Raise
• Negative Sentiment: Wells Fargo moved its target to $400 and retained an Underweight call, the notable bearish voice among brokers and a likely contributor to intraday selling pressure. Benzinga: Wells Fargo Call

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Trane Technologies from $375.00 to $400.00 and gave the company an “underweight” rating in a research report on Friday. Citigroup boosted their price target on Trane Technologies from $513.00 to $525.00 and gave the company a “buy” rating in a report on Friday. Royal Bank Of Canada increased their price objective on Trane Technologies from $469.00 to $470.00 and gave the stock a “sector perform” rating in a report on Friday. Bank of America raised Trane Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the company from $490.00 to $550.00 in a research note on Thursday, November 13th. Finally, Barclays raised their price target on Trane Technologies from $505.00 to $507.00 and gave the stock an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $484.67.

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.