TRANE TECHNOLOGIES PLC
At today's price, TRANE TECHNOLOGIES PLC (TT) is priced for today's economics sustained for ~5.7 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• Trane Technologies is a pure-play climate and HVAC maker riding two structural tailwinds, building electrification and AI data center cooling, with 81 percent of revenue and a 20 percent operating margin in the Americas. • The most distinctive current fact is a record $10.7 billion backlog, up over 30 percent from year-end 2025 on organic bookings that grew 24 percent, giving unusual forward visibility for a cyclical industrial [Source: Q1 2026 earnings call]. • The offsetting risk is the pric
Is TT overvalued? See what's priced in →
1,706 institutional managers reported holding TT in 13F filings for the quarter ended 2026-03-31. Together they hold about 79% of the company; the top 10 hold 38%. 166 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 4.6M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (3.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
TT has cut its share count 7.6% over the past five years, spending $5.67B on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting), raised 15 years straight; the current rate is $3.76 a share annually. Cash returned over the past three years: $2.17B in dividends and $3.42B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at TT over the trailing three years. Absence is a fact about the company, not a signal. 22 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
TT's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-03 | +3.1% | -2.2% |
| 2023-11-02 | +12.0% | +12.5% |
| 2024-02-09 | +0.7% | +7.8% |
| 2024-05-01 | +4.7% | +5.2% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
TT's latest 8-K filings: 2026-06-10 (items 5.02, 7.01, 9.01); 2026-06-05 (items 5.07); 2026-04-30 (items 2.02, 9.01); 2026-04-24 (items 1.01); 2026-01-29 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: July 11, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.