Trane Technologies plc
TT · Auto Controls For Regulating Residential & Comml Environments · 221.1M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $605M (gross $669M, SBC $64M)
Reference price $500.00 · est. market cap ~$110.5B — last insider sale, 2026-04-30 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
A87Dominant, wide-moat climate/HVAC franchise (Trane, Thermo King) with top-decile returns and strong cash generation.
Strengths
- ROA 13.6% (93rd pct), ROE 34% (85th pct), operating margin 18.6% (85th pct), interest coverage 17.5 (89th pct)
- Durable moat from brands, scale, secular efficiency/decarbonization demand; strong cash ($1.76bn, 91st pct)
Risks
- Commodity/supply-chain and tariff exposure with ~75% U.S. revenue
- Legacy Aldrich/Murray asbestos Chapter 11 overhang (deconsolidated)
Notable findings
- BankruptcyAs a result of the Chapter 11 filings, all asbestos-related lawsuits against Aldrich and Murray have been stayed due to the imposition of a statutory automatic stay applicable in Chapter 11 bankruptcy 8-K ↗
- Exec changeRecent 8-K item 5.02 8-K ↗
- Customer concentration~75% of revenue from one customer/distributor — Approximately 75% of our net revenues in 2025 were derived inside the U
- Strong balance sheetStrong balance sheet — $1.8B cash & investments
- Insider buyingInsider buying — 1 open-market buy(s) by 1 insider(s) (~$172,176, last 6mo) Form 4 ↗
- Insider sellingInsider selling — 14 open-market sale(s) by 4 insider(s) (cluster of 4 insiders, ~$32M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
18.6%
Net margin
13.7%
Return on equity
34.0%
Return on assets
13.6%
ROIC
23.8%
Revenue growth (QoQ)
-3.4%
Net-income growth
13.7%
Debt / equity
0.5×
Net debt / EBITDA
0.7×
Interest coverage
17.5×
Current ratio
1.3×
EBITDA
$4.3B
Tangible book value
-$1.1B
Cash & investments
$1.8B
Stock comp / revenue
0.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-05 | HAYES JOHN A | Grant | 438 | — |
| 2026-06-05 | HAYES JOHN A | Tax withheld | 112 | $456.84 |
| 2026-06-05 | Arnold Kirk E | Tax withheld | 112 | $456.84 |
| 2026-06-05 | Arnold Kirk E | Grant | 438 | — |
| 2026-06-05 | de Jesus Assis Ana Paula | Tax withheld | 224 | $456.84 |
| 2026-06-05 | de Jesus Assis Ana Paula | Grant | 438 | — |
| 2026-06-05 | BERZIN ANN C | Tax withheld | 112 | $456.84 |
| 2026-06-05 | BERZIN ANN C | Grant | 438 | — |
| 2026-06-05 | Miller Boise April | Tax withheld | 112 | $456.84 |
| 2026-06-05 | Miller Boise April | Grant | 438 | — |
| 2026-06-05 | George Mark R | Tax withheld | 112 | $456.84 |
| 2026-06-05 | George Mark R | Grant | 438 | — |
| 2026-06-05 | Lee Myles P | Tax withheld | 224 | $456.84 |
| 2026-06-05 | Lee Myles P | Grant | 438 | — |
| 2026-06-05 | Pine Matthew Francis | Tax withheld | 112 | $456.84 |
| 2026-06-05 | Pine Matthew Francis | Grant | 438 | — |
| 2026-06-05 | Schaeffer Melissa N. | Tax withheld | 112 | $456.84 |
| 2026-06-05 | Schaeffer Melissa N. | Grant | 438 | — |
| 2026-06-05 | SURMA JOHN P | Tax withheld | 112 | $456.84 |
| 2026-06-05 | SURMA JOHN P | Grant | 438 | — |
| 2026-06-04 | HUDSON LINDA P | Tax withheld | 112 | $463.76 |
| 2026-04-30 | Simmons Donald E. | Sell | 4.6K | $500.00 |
| 2026-04-30 | Simmons Donald E. | Option exercise | 4.6K | $180.45 |
| 2026-04-08 | Kuehn Christopher J | Sell | 8.6K | $450.00 |
| 2026-03-06 | Elwell Elizabeth A. | Sell | 635 | $422.70 |
| 2026-03-06 | Regnery David S | Sell | 36K | $422.69 |
| 2026-03-06 | Simmons Donald E. | Sell | 3.8K | $422.70 |
| 2026-03-05 | HAYES JOHN A | Buy | 400 | $430.44 |
| 2026-03-04 | Simmons Donald E. | Tax withheld | 2.9K | $445.05 |
| 2026-03-04 | Simmons Donald E. | Grant | 6.7K | — |
| 2026-03-04 | Elwell Elizabeth A. | Grant | 888 | — |
| 2026-03-04 | Elwell Elizabeth A. | Tax withheld | 253 | $445.05 |
| 2026-03-04 | Kuehn Christopher J | Grant | 15K | — |
| 2026-03-04 | Kuehn Christopher J | Tax withheld | 6.6K | $445.05 |
| 2026-03-04 | Magner Mairead | Grant | 4.3K | — |
| 2026-03-04 | Regnery David S | Grant | 64K | — |
| 2026-03-04 | Regnery David S | Tax withheld | 28K | $445.05 |
| 2026-02-12 | Simmons Donald E. | Option exercise | 7.7K | $167.18 |
| 2026-02-12 | Simmons Donald E. | Sell | 7.7K | $475.00 |
| 2026-02-10 | Kuehn Christopher J | Sell | 1.6K | $462.77 |
| 2026-02-10 | Kuehn Christopher J | Sell | 831 | $462.57 |
| 2026-02-10 | Regnery David S | Sell | 5.6K | $462.60 |
| 2026-02-10 | Simmons Donald E. | Sell | 822 | $462.57 |
| 2026-02-10 | Elwell Elizabeth A. | Sell | 137 | $462.48 |
| 2026-02-07 | Simmons Donald E. | Tax withheld | 174 | $454.76 |
| 2026-02-07 | Regnery David S | Tax withheld | 2.2K | $454.76 |
| 2026-02-07 | Kuehn Christopher J | Tax withheld | 607 | $454.76 |
| 2026-02-07 | Elwell Elizabeth A. | Tax withheld | 39 | $454.76 |
| 2026-02-07 | Magner Mairead | Tax withheld | 99 | $454.76 |
| 2026-02-06 | Simmons Donald E. | Tax withheld | 154 | $454.76 |
| 2026-02-06 | Kuehn Christopher J | Tax withheld | 311 | $454.76 |
| 2026-02-06 | Magner Mairead | Tax withheld | 68 | $454.76 |
| 2026-02-06 | Simmons Donald E. | Sell | 439 | $451.30 |
| 2026-02-06 | Elwell Elizabeth A. | Sell | 46 | $451.13 |
| 2026-02-06 | Elwell Elizabeth A. | Tax withheld | 32 | $454.76 |
| 2026-02-06 | Regnery David S | Sell | 987 | $451.08 |
| 2026-02-06 | Regnery David S | Tax withheld | 1.5K | $454.76 |
| 2026-02-04 | Regnery David S | Tax withheld | 349 | $441.20 |
| 2026-02-04 | Atalla Mauro | Tax withheld | 189 | $441.20 |
| 2026-02-04 | Elwell Elizabeth A. | Tax withheld | 24 | $441.20 |
| 2026-02-04 | Kuehn Christopher J | Tax withheld | 348 | $441.20 |
| 2026-02-04 | Magner Mairead | Tax withheld | 91 | $441.20 |
| 2026-02-04 | Simmons Donald E. | Tax withheld | 195 | $441.20 |
| 2026-02-03 | Regnery David S | Grant | 8.3K | — |
| 2026-02-03 | Atalla Mauro | Grant | 977 | — |
| 2026-02-03 | Elwell Elizabeth A. | Grant | 230 | — |
| 2026-02-03 | Guo Mingxiao Gary | Grant | 919 | — |
| 2026-02-03 | Kuehn Christopher J | Grant | 2.7K | — |
| 2026-02-03 | Lazar Victoria | Grant | 919 | — |
| 2026-02-03 | Magner Mairead | Grant | 862 | — |
| 2026-02-03 | Simmons Donald E. | Grant | 2.0K | — |
| 2025-12-04 | Guo Mingxiao Gary | Grant | 5.9K | — |
| 2025-10-30 | Elwell Elizabeth A. | Option exercise | 600 | $78.97 |
| 2025-10-30 | Elwell Elizabeth A. | Sell | 600 | $440.00 |
| 2025-10-01 | Elwell Elizabeth A. | Option exercise | 401 | $70.22 |
| 2025-10-01 | Elwell Elizabeth A. | Sell | 401 | $425.00 |
| 2025-09-02 | Regnery David S | Option exercise | 22K | $62.53 |
| 2025-09-02 | Regnery David S | Sell | 22K | $410.00 |
| 2025-08-20 | Kuehn Christopher J | Gift | 300 | — |
| 2025-06-07 | George Mark R | Tax withheld | 181 | $428.93 |
| 2025-06-07 | BERZIN ANN C | Tax withheld | 181 | $428.93 |
| 2025-06-07 | Miller Boise April | Tax withheld | 181 | $428.93 |
| 2025-06-07 | de Jesus Assis Ana Paula | Tax withheld | 301 | $428.93 |
| 2025-06-07 | Arnold Kirk E | Tax withheld | 181 | $428.93 |
| 2025-06-07 | HAYES JOHN A | Tax withheld | 181 | $428.93 |
| 2025-06-07 | HUDSON LINDA P | Tax withheld | 181 | $428.93 |
| 2025-06-07 | Lee Myles P | Tax withheld | 301 | $428.93 |
| 2025-06-07 | Schaeffer Melissa N. | Tax withheld | 181 | $428.93 |
| 2025-06-07 | SURMA JOHN P | Tax withheld | 181 | $428.93 |
| 2025-06-05 | BERZIN ANN C | Grant | 465 | — |
| 2025-06-05 | de Jesus Assis Ana Paula | Grant | 465 | — |
| 2025-06-05 | Miller Boise April | Grant | 465 | — |
| 2025-06-05 | George Mark R | Grant | 465 | — |
| 2025-06-05 | Arnold Kirk E | Grant | 465 | — |
| 2025-06-05 | HAYES JOHN A | Grant | 465 | — |
| 2025-06-05 | HUDSON LINDA P | Grant | 465 | — |
| 2025-06-05 | Lee Myles P | Grant | 465 | — |
| 2025-06-05 | Pine Matthew Francis | Grant | 465 | — |
| 2025-06-05 | Schaeffer Melissa N. | Grant | 465 | — |
| 2025-06-05 | SURMA JOHN P | Grant | 465 | — |
| 2025-06-05 | Forsee Gary D | Tax withheld | 181 | $430.82 |
| 2025-05-02 | Simmons Donald E. | Option exercise | 8.4K | $148.98 |
| 2025-05-02 | Simmons Donald E. | Sell | 8.4K | $400.00 |
| 2025-04-30 | Simmons Donald E. | Option exercise | 3.6K | $105.28 |
| 2025-04-30 | Simmons Donald E. | Sell | 3.6K | $380.00 |
| 2025-03-05 | Regnery David S | Sell | 27K | $346.95 |
| 2025-03-05 | Simmons Donald E. | Sell | 3.4K | $350.00 |
| 2025-03-05 | Turtz Evan M | Sell | 3.8K | $346.99 |
| 2025-03-05 | Kuehn Christopher J | Sell | 8.4K | $346.96 |
| 2025-03-05 | Magner Mairead | Sell | 3.6K | $346.95 |
| 2025-03-03 | Elwell Elizabeth A. | Grant | 718 | — |
| 2025-03-03 | Elwell Elizabeth A. | Tax withheld | 206 | $346.24 |
| 2025-03-03 | Kuehn Christopher J | Grant | 15K | — |
| 2025-03-03 | Kuehn Christopher J | Tax withheld | 6.5K | $346.24 |
| 2025-03-03 | Magner Mairead | Grant | 3.7K | — |
| 2025-03-03 | Pittard Raymond D | Grant | 4.5K | — |
| 2025-03-03 | Pittard Raymond D | Tax withheld | 2.0K | $346.24 |
| 2025-03-03 | Regnery David S | Grant | 48K | — |
| 2025-03-03 | Regnery David S | Tax withheld | 21K | $346.24 |
| 2025-03-03 | Simmons Donald E. | Grant | 6.0K | — |
| 2025-03-03 | Simmons Donald E. | Tax withheld | 2.6K | $346.24 |
| 2025-03-03 | Turtz Evan M | Grant | 8.4K | — |
| 2025-03-03 | Turtz Evan M | Tax withheld | 2.9K | $346.24 |
| 2025-02-11 | Simmons Donald E. | Sell | 375 | $359.86 |
| 2025-02-11 | Turtz Evan M | Sell | 477 | $359.77 |
| 2025-02-11 | Kuehn Christopher J | Sell | 856 | $359.94 |
| 2025-02-11 | Regnery David S | Sell | 3.1K | $360.14 |
| 2025-02-11 | Magner Mairead | Sell | 247 | $360.12 |
| 2025-02-11 | Simmons Donald E. | Sell | 819 | $360.05 |
| 2025-02-10 | Kuehn Christopher J | Sell | 770 | $358.39 |
| 2025-02-10 | Turtz Evan M | Sell | 318 | $358.12 |
| 2025-02-10 | Regnery David S | Sell | 2.3K | $358.17 |
| 2025-02-10 | Magner Mairead | Sell | 161 | $358.37 |
| 2025-02-07 | Simmons Donald E. | Tax withheld | 175 | $356.14 |
| 2025-02-07 | Pittard Raymond D | Tax withheld | 104 | $356.14 |
| 2025-02-07 | Magner Mairead | Tax withheld | 100 | $356.14 |
| 2025-02-07 | Kuehn Christopher J | Tax withheld | 541 | $356.14 |
| 2025-02-07 | Regnery David S | Tax withheld | 2.2K | $356.14 |
| 2025-02-07 | Turtz Evan M | Tax withheld | 170 | $356.14 |
| 2025-02-07 | Elwell Elizabeth A. | Tax withheld | 39 | $356.14 |
| 2025-02-06 | Elwell Elizabeth A. | Tax withheld | 32 | $357.70 |
| 2025-02-06 | Kuehn Christopher J | Tax withheld | 309 | $357.70 |
| 2025-02-06 | Pittard Raymond D | Tax withheld | 81 | $357.70 |
| 2025-02-06 | Magner Mairead | Tax withheld | 70 | $357.70 |
| 2025-02-06 | Regnery David S | Tax withheld | 1.6K | $357.70 |
| 2025-02-06 | Simmons Donald E. | Tax withheld | 155 | $357.70 |
| 2025-02-06 | Turtz Evan M | Tax withheld | 114 | $357.70 |
| 2025-02-04 | Atalla Mauro | Grant | 1.8K | — |
| 2025-02-04 | Elwell Elizabeth A. | Grant | 211 | — |
| 2025-02-04 | Pittard Raymond D | Grant | 887 | — |
| 2025-02-04 | Simmons Donald E. | Grant | 1.9K | — |
| 2025-02-04 | Magner Mairead | Grant | 806 | — |
| 2025-02-04 | Magner Mairead | Sell | 198 | $357.61 |
| 2025-02-04 | Regnery David S | Grant | 4.0K | — |
| 2025-02-04 | Regnery David S | Sell | 2.8K | $357.34 |
| 2025-02-04 | Turtz Evan M | Grant | 985 | — |
| 2025-02-04 | Turtz Evan M | Sell | 514 | $357.44 |
| 2025-02-04 | Kuehn Christopher J | Grant | 3.5K | — |
| 2025-02-04 | Kuehn Christopher J | Sell | 876 | $357.42 |
| 2025-02-01 | Regnery David S | Tax withheld | 1.2K | $362.75 |
| 2025-02-01 | Elwell Elizabeth A. | Tax withheld | 34 | $362.75 |
| 2025-02-01 | Kuehn Christopher J | Tax withheld | 371 | $362.75 |
| 2025-02-01 | Magner Mairead | Tax withheld | 102 | $362.75 |
| 2025-02-01 | Pittard Raymond D | Tax withheld | 104 | $362.75 |
| 2025-02-01 | Simmons Donald E. | Tax withheld | 174 | $362.75 |
| 2025-02-01 | Turtz Evan M | Tax withheld | 184 | $362.75 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-10 | 2026-06-04 | 0001628280-26-042055 ↗ |
| 8-K | 2026-06-05 | 2026-06-04 | 0001628280-26-041032 ↗ |
| 8-K | 2026-04-30 | 2026-04-30 | 0001628280-26-028547 ↗ |
| 10-Q | 2026-04-30 | 2026-03-31 | 0001628280-26-028743 ↗ |
| 8-K | 2026-04-24 | 2026-04-23 | 0001628280-26-026988 ↗ |
| 10-K | 2026-02-05 | 2025-12-31 | 0001628280-26-005731 ↗ |
| 8-K | 2026-01-29 | 2026-01-29 | 0001628280-26-003953 ↗ |
| 8-K | 2025-12-02 | 2025-12-02 | 0001628280-25-054789 ↗ |
| 8-K | 2025-10-30 | 2025-10-30 | 0001628280-25-047261 ↗ |
| 10-Q | 2025-10-30 | 2025-09-30 | 0001628280-25-047439 ↗ |
| 8-K | 2025-07-30 | 2025-07-30 | 0001466258-25-000149 ↗ |
| 10-Q | 2025-07-30 | 2025-06-30 | 0001628280-25-036632 ↗ |