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Trane Technologies plc (TT)

444.40 -4.56 (-1.02%)
At close: August 31 at 4:00:02 PM EDT
442.00 -2.40 (-0.54%)
After hours: August 31 at 7:55:47 PM EDT
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Dividend
TT announced a cash dividend of $1.05 with an ex-date of Sep. 4, 2026
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What's happening with TT?

59m ago
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Trane Technologies (TT) is experiencing strong demand, reflected in a record backlog and robust Q2 earnings. Analysts are optimistic about its growth trajectory despite concerns over premium valuation and margin pressures.

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  • Previous Close 448.96
  • Open 447.76
  • Bid 443.62 x 4000
  • Ask 448.75 x 8000
  • Day's Range 443.33 - 448.10
  • 52 Week Range 348.06 - 505.87
  • Volume 1,095,340
  • Avg. Volume 1,233,869
  • Market Cap (intraday) 97.778B
  • Beta (5Y Monthly) 1.21
  • PE Ratio (TTM) 33.11
  • EPS (TTM) 13.42
  • Earnings Date Oct 29, 2026
  • Forward Dividend & Yield 4.20 (0.94%)
  • Ex-Dividend Date Sep 4, 2026
  • 1y Target Est 526.99

Trane Technologies plc designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps; chillers; coils and condensers; auxiliary power, cold storage, and condensing units; controls contracting and commissioning, decarbonization programs, and gensets; dehumidifiers; energy and water efficiency programs; energy recovery ventilators and power solutions; energy storage; furnaces; home automation; humidifiers; HVAC performance-monitoring products; and indoor air quality assessments and related products for HVAC and transport solutions. The company also provides asset management, building management, bus air purification, bus and rail HVAC, container refrigeration, control, ductless, geothermal, data center and multi-pipe HVAC, package heating and cooling, rail refrigeration, residential air filtration, self and vehicle powered truck refrigeration, temporary heating and cooling, truck refrigeration, unitary, variable refrigerant flow, and trailer refrigeration systems. In addition, it offers industrial process refrigeration, installation contracting, lighting retrofit, medical grade refrigeration, refrigerant reclamation, renewable energy and storage, residential hybrid heating, telematics, thermostats/controls and associated digital, ventilation, and stationary cold storage solutions; packaged rooftop units; rate chambers; residential air filters; thermal energy storage; transport heater products; temperature freezers; energy infrastructure programs and management, repair and maintenance, smart and AI-enabled, and rental services; water source heat pumps; and aftermarket and OEM parts and supplies. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. The company was founded in 1885 and is headquartered in Swords, Ireland.

www.tranetechnologies.com

44,000

Full Time Employees

December 31

Fiscal Year Ends

Performance Overview

Trailing total returns as of 8/31/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

TT
14.72%
S&P 500 (^GSPC)
12.28%

1-Year Return

TT
7.68%
S&P 500 (^GSPC)
18.98%

3-Year Return

TT
122.07%
S&P 500 (^GSPC)
70.51%

5-Year Return

TT
138.01%
S&P 500 (^GSPC)
69.95%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized
 

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q2 FY26
Revenue 6.35B
Earnings 925.7M
Profit Margin 14.57%

Q3

FY25

Q4

FY25

Q1

FY26

Q2

FY26

0
2B
4B
6B
12.0%
13.0%
14.0%
 

Analyst Insights

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Top Analyst

Morgan Stanley
75/100
Latest Rating
Overweight
 

Analyst Price Targets

422.00
526.99 Average
444.40 Current
575.00 High
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Latest Rating

Date 8/14/2026
Analyst Bernstein
Rating Action Maintains
Rating Outperform
Price Action Raises
Price Target 555 -> 575
 

Statistics

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Valuation Measures

Annual
As of 8/27/2026
  • Market Cap

    99.96B

  • Enterprise Value

    103.26B

  • Trailing P/E

    33.85

  • Forward P/E

    29.94

  • PEG Ratio (5yr expected)

    1.84

  • Price/Sales (ttm)

    4.57

  • Price/Book (mrq)

    11.59

  • Enterprise Value/Revenue

    4.65

  • Enterprise Value/EBITDA

    23.78

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    13.28%

  • Return on Assets (ttm)

    11.00%

  • Return on Equity (ttm)

    36.64%

  • Revenue (ttm)

    22.21B

  • Net Income Avi to Common (ttm)

    3B

  • Diluted EPS (ttm)

    13.42

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    1.32B

  • Total Debt/Equity (mrq)

    53.40%

  • Levered Free Cash Flow (ttm)

    3.12B

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Company Insights

Fair Value

444.40 Current
 

Dividend Score

0 Low
Sector Avg.
100 High
 

Hiring Score

0 Low
Sector Avg.
100 High
 

Insider Sentiment Score

0 Low
Sector Avg.
100 High
 

Research Reports

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  • Trane Technologies Earnings: Broad-Based Strength but Led by the Americas

    Trane Technologies manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its prominent Trane, American Standard, and Thermo King brands. The company generates approximately 70% of sales from equipment and 30% from parts and services. While the firm is domiciled in Ireland, North America accounts for approximately 80% of its revenue, with 13% from EMEA and 7% Asia-Pacific. The company was formed in 2020 when its former parent, Ingersoll Rand, merged with Gardner Denver in a tax-advantaged reverse Morris trust transaction.

    Rating
    Price Target
     
  • Trane Technologies Earnings: Broad-Based Strength but Led by the Americas

    Trane Technologies manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its prominent Trane, American Standard, and Thermo King brands. The company generates approximately 70% of sales from equipment and 30% from parts and services. While the firm is domiciled in Ireland, North America accounts for approximately 80% of its revenue, with 13% from EMEA and 7% Asia-Pacific. The company was formed in 2020 when its former parent, Ingersoll Rand, merged with Gardner Denver in a tax-advantaged reverse Morris trust transaction.

    Rating
    Price Target
     
  • Recent weakness offers buying opportunity

    Trane Technologies is a diversified large-cap Industrial company that provides climate control solutions for buildings, homes, and transportation, including commercial heating and cooling systems, building controls, energy services and solutions, and transport refrigeration systems. Headquartered in Ireland, Trane has approximately 44,000 employees, and the shares are a component of the S&P 500.

    Rating
    Price Target
     
  • Stock indices are mixed at midday, with the S&P 500 and Dow Jones Industrial

    Stock indices are mixed at midday, with the S&P 500 and Dow Jones Industrial Average higher and the Nasdaq and Russell 2000 lower. But either way, the moves are not substantial. Meanwhile, earnings report continue to hit the tape at an accelerated pace, and those updates generally are driving the action in individual names.

     

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